Sweden is ranked as the second happiest country by the OECD 3490
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Swedes beat citizens of their Scandinavian neighbours to second place in the OECD's Living index, but still lagged behind Australians。
"Sweden performs exceptionally well, ranking very high for a particularly large number of indicators of overall well-being," the OECD said in a statement。
Among the 34 OECD members and major trading partners in the index, Brazil, Russia, China, India, Indonesia and South Africa, the European Union looks to be the dominant one, with Canada in third place and the United States in sixth place ahead of Norway and Switzerland。
Denmark, the Netherlands, Iceland and the United Kingdom still round out the top 10。
"Money is an important means of improving living standards, but it cannot buy happiness," the Organization for European Economic Cooperation noted。
Although Sweden's average household net worth of $26,242 in adjusted disposable income is above the OECD average of more than $2,000, the organization points out that the wage gap in Sweden is still significant。
In summary - there is a considerable gap between the richest and the poorest - the top 20% of the population earns more than four times as much as the bottom 20%。
In the job market, both Swedish men and women have higher Labour force participation and work fewer hours than most of their OECD counterparts。Only 1% of Swedes work very long hours, compared to about 9% of OECD members。
The index also looks at several aspects of life, including air and water quality。
"The level of inhalable particulate matter in the atmosphere - tiny air pollutant particles small enough to enter and cause lung damage - was 10 micrograms per cubic meter, significantly lower than the OECD average of 21 micrograms per cubic meter," the report states。
Sweden also did well in terms of water quality, with 95 percent of people saying they were satisfied with the quality of their water, higher than the OECD average of 84 percent。”
More than 90 Swedes are happy with their living situation, and they spend around 22% of their income on rent or deposits, which is in line with the OECD average。
Overall, as many as 85 percent of Swedes say that their average day is filled with positive experiences - they feel proud of their work or have a general sense of happiness。
