The New Economics Foundation (NEF), independent think tank have compiled a study in the latest Happy Planet Index, it showed that small nations are beating Western economies on sustainable wellbeing, with Costa Rica emerging as the happiest place on earth, Gulf News reports.
Bangladesh ranked eighth in the latest Happy Planet Index in terms of life expectancy, wellbeing and environmental sustainability, despite trailing behind in the race to economic development.
The Latin countries are doing better than advanced economies like the United States (US) in the same assessment.
NEF said in a statement: “Costa Rica’s (gross domestic product) GDP per capita is less than half that of the USA. Despite this, Costa Ricans have higher wellbeing, and on average live longer.”
The index, which is on its fourth edition, ranks 140 countries on how efficiently and fairly they deliver long, happy lives for their residents. The study takes into account the average life expectancy of the citizens in a given country, wellbeing and ecological footprint, among others.
None of the so-called Group of Eight (G8) economies, which include France, Italy, United States, Japan and United Kingdom, appeared in the top 10. The index is instead dominated by countries in Latin America and Asia Pacific, where citizens enjoy relatively high, and equally distributed, life expectancy and wellbeing despite much smaller ecological footprints than other, more advanced economies.
Costa Rica is followed by Mexico in the second place, while Colombia, Vanuatu and Vietnam round off the top five happiest countries in the world.
The rest of the top ten consist of Panama, Nicaragua, Bangladesh, Thailand and Ecuador. Other Asian countries made it to the top 30, with the Philippines emerging in the 20th place and Sri Lanka occupying the 28th spot.
The complete list of top 30 happiest countries on earth:
1 Costa Rica
2 Mexico
3 Colombia
4 Vanuatu
5 Vietnam
6 Panama
7 Nicaragua
8 Bangladesh
9 Thailand
10 Ecuador
11 Jamaica
12 Norway
13 Albania
14 Uruguay
15 Spain
16 Indonesia
17 El Salvador
18 Netherlands
19 Argentina
20 Philippines
21 Peru
22 Palestine
23 Brazil
24 Switzerland
25 Tajikistan
26 Guatemala
27 Belize
28 Sri Lanka
29 Venezuela
30 Algeria
Leave a Comment