The happiest countries in the world

There is more to a country than the cold GDP numbers and economic statistics. And to understand well-being of a nation, Organization for Economic Co-operation and Development (OECD) has come up with a ‘Better Life Index’.

This index allows user to understand how life in a country is improving and in which areas. It also enables users to compare the well-being across countries, based on 11 topics.

The Better Life Index rates the 34 OECD member nations, as well as Brazil and the Russian Federation, on 11 variables that contribute to a high quality of life, including income, education, housing, health, and life satisfaction.

24/7 Wall St. reviewed the 11 countries with the highest life satisfaction score to find out countries that are happiest.

Click NEXT to find out the happiest countries in the world…

Sweden

Rank: 11

Life satisfaction score: 7.4 (tied for 7th)

Self-reported good health: 80 per cent (8th highest)

Employees working long hours: 1.1 per cent (3rd lowest)

Disposable income: $27,546 (11th highest)

Life expectancy: 81.9 years (8th highest)

…

Netherlands

Rank: 10

Life satisfaction score: 7.4 (tied for 7th)

Self-reported good health: 76 per cent (11th highest)

Employees working long hours: 0.6 per cent (2nd lowest)

Disposable income: $25,697 (14th highest)

Life expectancy: 81.3 years (11th highest)

…

Mexico

Rank: 9

Life satisfaction score: 7.4 (tied for 7th)

Self-reported good health: 66 per cent (14th lowest)

Employees working long hours: 28.8 per cent (2nd highest)

Disposable income: $12,850 (2nd lowest)

Life expectancy: 74.4 years (3rd lowest)

…

Finland

Rank: 8

Life satisfaction score: 7.4 (tied for 7th)

Self-reported good health: 69 per cent (tied-17th lowest)

Employees working long hours: 3.7 per cent (9th lowest)

Disposable income: $26,904 (12th highest)

Life expectancy: 80.6 years (15th lowest)

…

Australia

Rank: 7

Life satisfaction score: 7.4 (tied for 7th)

Self-reported good health: 85 per cent (4th highest)

Employees working long hours: 14.2 per cent (7th highest)

Disposable income: $31,197 (4th highest)

Life expectancy: 82.0 years (7th highest)

…

Iceland

Rank: 6

Life satisfaction score: 7.5 (tied for 5th)

Self-reported good health: 78 per cent (9th highest)

Employees working long hours: 13.7 per cent (8th highest)

Disposable income: $22,415 (17th lowest)

Life expectancy: 82.4 years (4th highest)

…

Austria

Rank: 5

Life satisfaction score: 7.5 (tied for 5th)

Self-reported good health: 69 per cent (tied-17th lowest)

Employees working long hours: 8.6 per cent (15th highest)

Disposable income: $29,256 (9th highest)

Life expectancy: 81.1 years (13th highest)

…

Denmark

Rank: 4

Life satisfaction score: 7.6 (tied for 3rd)

Self-reported good health: 71% (17th highest)

Employees working long hours: 2.1% (4th lowest)

Disposable income: $25,172 (15th highest)

Life expectancy: 79.9 years (12th lowest)

…

Canada

Rank: 3

Life satisfaction score: 7.6 (tied for 3rd)

Self-reported good health: 88 per cent (3rd highest)

Employees working long hours: 4.0 per cent (11th lowest)

Disposable income: $30,212 (7th highest)

Life expectancy: 81.0 years (17th highest)

…

Norway

Rank: 2

Life satisfaction score: 7.7

Self-reported good health: 73 per cent (15th highest)

Employees working long hours: 3.1 per cent (6th lowest)

Disposable income: $32,093 (3rd highest)

Life expectancy: 81.4 years (10th highest)

…

Switzerland

Rank: 1

Life satisfaction score: 7.8

Self-reported good health: 81 per cent (7th highest)

Employees working long hours: 7.3 per cent (17th highest)

Disposable income: $30,745 (5th highest)

Life expectancy: 82.8 years (the highest)