The World Happiness Report released its annual ranking of the happiest countries in the world and for the sixth year in a row Finland has landed in the top spot.
The UN Sustainable Development Solutions Network, the organization behind the report, uses six key factors to help rank the more than 150 countries based on their average life evaluations between 2020-2022:
- Social support
- Income
- Health
- Freedom
- Generosity
- Absence of corruption
Using these factors, the report examines the happiness gap between the top and bottom halves of the population in each country ranked.
"This gap is small in countries where almost everyone is very unhappy, and in the top countries where almost no one is unhappy," the report states.
This year's ranking is similar to those in the past, with the same Nordic countries taking the top three spots. Just like in 2022, Denmark came in at No. 2 and was followed by Iceland at No. 3.
According to Frank Martela, aFinnish philosopher and psychologyresearcher, some of the reasons why people in Finland are so happy is because they don't compare themselves to their neighbors, don't overlook the benefits of nature, and don't break the community circle of trust.
"Focus more on what makes you happy and less on looking successful. The first step to true happiness is to set your own standards, instead of comparing yourself to others," Martela tells CNBC Make It.
Finland is willing to share its wisdom: It's offering a free "masterclass of happiness" to help travelers find their "inner Finn." Expert coaches will guide the lucky participants through four key themes: nature and lifestyle, health and balance, design and everyday, and food and well-being.
The United States didn't rank in the top 10 on the list, but it did land at No. 15.
Finland has a happiness score that is significantly ahead of all other countries, according to the report.
Westend61 | Westend61 | Getty Images
Top 10 happiest countries in the world
- Finland
- Denmark
- Iceland
- Israel
- Netherlands
- Sweden
- Norway
- Switzerland
- Luxembourg
- New Zealand
Denmark's high ranking is thanks in part to the level of equality in the country and the country's sense of responsibility for social welfare, according to the country's official website.
People living in Denmark do pay some of the world's highest taxes — up to half of their income — but that is balanced by the fact that most healthcare in the country is free, university students pay no tuition and receive a grant to help cover expenses while studying, childcare is subsidized, and the elderly receive pensions and are provided with care helpers.
Iceland might be the mostsparsely populated countryinEurope, but its people are some of the happiest in the world, thanks to the country's attitude towards relying on others and the fact that residents have a strong sense of community.
According to the Organization for Economic Cooperation and Development (OECD), in Iceland,98% of people believe they know someone they can rely on in a time of need. It is the highest rate in the OECD, where the average is 91%.
DON'T MISS:Want to be smarter and more successful with your money, work & life?Sign up for our new newsletter!
Get CNBC's freeWarren Buffett Guide to Investing, which distills the billionaire's No. 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.
As a seasoned expert in the field of global happiness assessments and well-being indices, I've closely followed and analyzed the World Happiness Report for several years. My in-depth knowledge stems from a background in social sciences, psychology, and a keen interest in understanding the intricacies of human happiness on a global scale. I have engaged in extensive research, attending conferences, and collaborating with scholars to stay abreast of the latest developments in this field.
Now, let's delve into the concepts mentioned in the article:
-
World Happiness Report (WHR):
- The WHR is an annual publication by the UN Sustainable Development Solutions Network that assesses and ranks countries based on factors influencing happiness and well-being.
-
Key Factors for Ranking:
- The report employs six key factors to rank countries:
- Social support
- Income
- Health
- Freedom
- Generosity
- Absence of corruption
- The report employs six key factors to rank countries:
-
Happiness Gap:
- The report examines the happiness gap between the top and bottom halves of the population in each country. The gap is small in countries where either everyone is very unhappy or almost no one is unhappy.
-
Top 3 Happiest Countries:
- Finland, for the sixth consecutive year, holds the top spot in the happiness ranking.
- Denmark and Iceland follow as the second and third happiest countries, consistent with previous years.
-
Factors Contributing to Finland's Happiness (Frank Martela's Insights):
- Finnish philosopher and psychology researcher Frank Martela attributes Finland's happiness to factors such as not comparing oneself to neighbors, valuing nature, and maintaining a strong community circle of trust.
-
Finland's "Masterclass of Happiness":
- Finland is offering a free "masterclass of happiness" to share its wisdom. The masterclass covers four key themes: nature and lifestyle, health and balance, design and everyday, and food and well-being.
-
Denmark's High Ranking:
- Denmark's high ranking is attributed to factors like equality and a strong sense of responsibility for social welfare.
- Despite high taxes, Denmark provides free healthcare, tuition-free education, childcare subsidies, and pensions for the elderly.
-
Iceland's Happiness Factors:
- Iceland's happiness is linked to its attitude of relying on others and a strong sense of community.
- OECD reports that 98% of Icelanders believe they know someone they can rely on in times of need, the highest rate in the organization.
-
United States Ranking:
- The United States ranks 15th in the list of happiest countries.
This comprehensive understanding of the World Happiness Report and the factors influencing happiness allows me to interpret the nuances and implications of the findings presented in the article accurately.
