Iceland has the second highest quality of life, according to a study on the economy of 183 countries around the globe. Norway scores highest, with Australia in third place.
Source: Pocket World in Figures 2008 (published by The Economist)

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Top 20 countries:

1.  Norway
2.  Iceland
3.  Australia
4.  Ireland
5.  Sweden
6.  Canada
7.  Japan
8.  USA
9.  Finland, The Netherlands and Switzerland
12. Belgium and Luxemburg
14. Austria
15. Denmark
16. France
17. Italy and UK
19. Spain
20. New Zealand