Australia named the happiest country in the world

It seems like there has never been a better time to call Australia home.

According to the Organisation of Economic Co-operation and Development's (OECD) Better Life Index, Australians are more satisfied with their lives than the OECD average.

The Better Life Index rates a nation's happiness and wellbeing against 11 key factors: housing, income, jobs, community, education, environment, civic engagement, health, life satisfaction, safety and work-life balance.

Australia scored highly in most categories to take out first place, coming out just ahead of Sweden and Canada.

So what is it exactly that makes Australia such a great place to live, work and raise a family?

Health is happiness

It's no secret that health is closely linked with happiness, and when it comes to health services Australia is leading the way.

We tied in first place with our New Zealand neighbours with a health score of 9.3 out of 10.

This is largely down to our high life expectancy (84 years for women and 80 years for men) and our comparatively low levels of atmospheric PM10, air pollutant particles which may damage the lungs.

We also received top marks for water quality, with 91 per cent of Better Life Index respondents stating that they believed water quality was good, compared to the global average of 84 per cent.

It pays to be civil

Australia also took out the top spot for the category of 'Civic Engagement', with a high score of 9.4.

According to the OECD report, "there is a strong sense of community and high levels of civic participation in Australia, where 94 per cent of people believe that they know someone they could rely on in time of need, higher than the OECD average of 90 per cent".

Isn't it nice to know that we live in a supportive and caring country?

Home is where the heart is

Another area that Australia did extremely well in was that of housing, we tied in with Ireland with a ranking of 7.5 out of 10.

This suggests that the majority of Australians live in satisfactory housing, something the index suggests is vitally important to our wellbeing and happiness.

The Index also revealed that the average household income is relatively high, sitting at $28,884 USD per year, above the global average of $23,047 USD.

Make the most of this great life!

Scoring first place in the Better Life Index is a great result, and serves as a reminder to make the most of life here in Australia.

The Better Life Index shows that taking time out to spend with family, friends and the local community, as well as maintaining good health and pursuing a career you enjoy are all great ways to improve your overall happiness and life satisfaction.

Since we have it so good down under, you might also want to take this time to think about protecting this lifestyle for your loved ones.

Life insurance can give you peace of mind that your family will be financially looked after if you pass away unexpectedly. Learn more about the different life insurance options today.

This is general information and does not take account of your financial situation.

Real Insurance is an award-winning provider of life insurance.

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