Australia Named World’s ‘Happiest Nation’ – Again
For the third year running, Australia has been declared as the world’s happiest nation. The report is based from Organisation for Economic Co-operation and Development’s (OECD) Better Life Index 11 criteria which include income levels, education, health and work-life balance.
The happiness of Australians is considered greater than Sweden and Canada, countries also known for high standards of living. Norway and Switzerland rounded up the top five while United States stood at sixth position followed by Denmark, the Netherlands, Iceland, and the United Kingdom.
Survey participants said they encounter more positive experiences daily, such as good life, pride in accomplishment and enjoyment without being stressed.
More than 73% of Australia’s 23 million people aged 15 to 64 are employed, which is above the OECD’s 66% average.
Life expectancy at birth is also higher, at almost 82 years, 2 years more than the average.
A Strong Economy
Australia’s economy of the natural resource-rich nation has been boosted by strong demand from China and many countries in Asia. Its strong financial sector on the other hand has helped the country to remain stable during the global downturn.
The Australian dollar, presently trading close to 30-year highs is reflecting the strength of the country’s economy.
“Australia performs exceptionally well in measures of well-being, as shown by the fact that it ranks among the top countries in a large number of topics in the Better Life Index,” stated on the OECD website.
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