Australia ranked the ‘happiest ‘developed nation for a third year running
Australia has been named as the world’s happiest nation among developed economies for a third consecutive year.
The Better Life Index compiled by the Organization for Economic Cooperation and Development listed Australia as the happiest developed nation in the world due to strength of its economy. The survey ranked more than 30 different nations on a variety of criteria, including health, safety, housing and income. Australian did well in all categories.
“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,” the OECD said on its website.
According to the survey more than 73% of the Australian population aged between 15 and 64 have a paying job, which is above the OECD average. The Australian economy is hailed as the biggest reason for the nation’s high ranking. The Australian economy has recorded two decades of continuing growth due to the demand of its natural resources from developing nations such as India and China.
“It’s the quality of life that one can enjoy here,” said Gaurav Chawla, 27, a careers adviser who moved to Sydney from New Delhi seven years ago. “It’s more secure here, cleaner, less cars on the road and less pollution.”
Australia mostly sidestepped the economic woes afflicting much of the developed world after the financial crisis and has expanded for 21 years straight without a recession. Unemployment stood at 5.5% in April from 5.6% in March, compared with 12.1% in the euro zone.
Other countries to make the top five include Canada, Norway, Sweden and Switzerland.
The full index can be found here: http://www.oecdbetterlifeindex.org/