Published: Mon, March 20, 2017
Economy | By Annette Adams

Norway overtakes Denmark to be crowned world's 'happiest country'

Norway overtakes Denmark to be crowned world's 'happiest country'

When it comes to happiness, Russian Federation ranked 49th (56th in 2015), according to the World Happiness Report, produced by the Sustainable Development Solutions Network and funded by the Ernesto Illy Foundation.

According to the latest World Happiness Report, released by the Sustainable Development Solutions Network for the United Nations, Norway moved up from fourth place past year to the tops list, and displaced three-time victor Denmark, taking the title of "world's happiest country" for the first time. It also helps that it has a low unemployment rate slightly below the USA (4.7%) and low income inequality - the gap between the richest and poor citizens is one-third as large as that in the U.S.

Denmark, Iceland, Switzerland, Finland, Netherlands, Canada, New Zealand, Australia and Sweden rounded out the top ten countries. "It's time to build social trust and healthy lives, not guns or walls".

"By choosing to produce oil deliberately and investing the proceeds for the benefit of future generations, Norway has protected itself from the volatile ups and downs of many other oil-rich economies", said John Helliwell, one of the authors of the report.

Unemployment, or the quality of the work they have, is a major factor in people's happiness.

"As demonstrated by many countries, this report gives evidence that happiness is a result of creating strong social foundations". Sachs said the U.S. had dropped one place due to rising inequality, distrust and corruption.

"The predominant political discourse in the United States is aimed at raising economic growth, with the goal of restoring the "American dream" and the happiness that is supposed to accompany it. I think everything that has been proposed goes in the wrong direction", Sachs said. Austria 14. United States 15.

"I've made a point of it in many dinner speeches in the Nordics".

The U.S. did finish ahead of Germany (16th), the United Kingdom (19th) and France (31st), USA Today reports.

However, economic factors remain a certain contributor to achieving social cohesion and overall happiness, the report finds.

In fact, among the wealthier countries the differences in happiness levels had a lot to do with "differences in mental health, physical health and personal relationships: the biggest single source of misery is mental illness", the report said.

The five lowest ranked were Central African Republic, Burundi, Tanzania, Syria and Rwanda.

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