If GDP is the factor that led to national happiness, then prosperous economies of China, USA and India would have occupied the top positions in the WHR 2018. Thus, there are some other factors other than financial prosperity that lead to the happiness of the Nordic countries such as Denmark, Finland, Iceland, Norway and Sweden.
The Pursuit of Happiness: Understanding the Easterlin Paradox of Growth Economics
Published on :What is happiness, really? In layman terms, happiness translates to satisfaction. Economists tend to relate happiness to the satisfaction of wants- fulfilment of desires through the consumption of goods and services that possess utility.