What makes a happy country?
Is it their economy? Health system? Employment rates?
Recently the World Economic Forum released the World Happiness Report and Nordic countries took four out of the five top spots as they are well known to be stable, safe and socially progressive and there is very little corruption, and the police and politicians are trusted.
Australia came in at 10th spot, being being beaten by New Zealand at #8
Some of the world’s richest nations, including the US and Japan, are found much further down the list.
The disparity between wealth and happiness has caused policymakers to broaden their scope and look for other indicators to assess the health of nations, rather than just measuring economic success through GDP.
But happiness – or well-being – is subjective and notoriously difficult to quantify.
This Happiness Report is based on international surveys in which thousands of respondents were asked to imagine a ladder with steps numbered 0 to 10 and say where they felt they stood.
And it cites six significant factors which contribute to happiness; GDP per capita, social support, life expectancy, freedom to make life choices, generosity and corruption levels.
Moving to a happy country can make us happier
I found another aspect of the report intersting.
If you move countries- to the right country – you are likely to become happier.
It found that the happiness of a country’s immigrants is almost identical to that of the wider population, and the people adjust to the average happiness level of the country they move to.
This suggests that happiness is less about cultural norms and attitudes, and heavily influenced instead by surroundings and the quality of life that a country can offer.
A person who moves to a country higher up the happiness list, for example, is likely to become happier, while a person who moves to a country lower down the list will also feel unhappier.
And Finland not only has the happiest people, but also the happiest immigrants
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.