
International Day of Happiness is observed globally on March 20. To mark the occasion, two major research organizations released the results of their international surveys, including the latest World Happiness Report. Marketing research firm Ipsos presented its annual study, while the Wellbeing Research Centre at Oxford University released the extensive The World Happiness Report.
Comparing these two reports reveals a sharp contrast. Oxford finds the happiest people in cold Finland, while Ipsos finds them in tropical Indonesia. Both findings are accurate, though the studies measure fundamentally different criteria.
World Happiness Report: Oxford Analysis of Security

The World Happiness Report is a global study based on interviews with over 100,000 people across 147 countries.
Methodology: Researchers do not ask participants if they smiled today. Instead, they use a psychological exercise, asking individuals to imagine a ladder with 10 rungs, where 0 represents the worst possible life and 10 represents their ideal life. Respondents then answer: “On which rung do you stand right now?”
The Real Meaning: This question prompts respondents to evaluate their lives logically rather than emotionally. They assess their “safety base,” including job security, healthcare access, street safety, and trust in the police.
Consequently, countries with strong economies and robust social safety nets consistently dominate these rankings.
- Leaders: Finland (7.8 out of 10), Iceland, and Denmark. Finland leads not because its citizens laugh the most, but because life there is predictable. The report authors note that Finns are confident that if they lose a wallet on the street, it will be returned.
- Exception: Costa Rica (4th place). This developing nation without a standing army demonstrates that when a state invests in healthcare, the environment, and education rather than military spending, citizens feel they are on the “top rungs” of the ladder.
Ipsos Analysis: Happiness as Daily Joy
The Ipsos study takes a psychological approach rather than an economic one. Researchers surveyed tens of thousands of people across 29 major nations.
Methodology: This survey avoids metaphors. Participants are asked directly: “Taking all things together, would you say you are happy or not?” They are also provided a list of 30 factors, ranging from money to personal relationships, and asked to identify what brings them joy.
The Real Meaning: This survey measures immediate emotional state. Results indicate that for daily happiness, people primarily value “feeling appreciated and loved” (37%) and “relationships with family and children” (36%). Economics and politics are secondary factors.
For this reason, countries with strong traditions of extended family, friendship, and community mutual aid rank highest in this study.
- Leaders: Indonesia (where 85% of people identify as happy) and the Netherlands (84%).
- Outsiders: South Korea, which is wealthy but focused on career and overwork, sits at the bottom of the list (57% happy). In India, economic concerns caused happiness levels to drop from 88% to 72% over the past year.
The survey also revealed:
- General Happiness: Across 29 countries, an average of 74% of people say they are happy, while 26% are unhappy.
- Happiness Trends: In 25 of the 29 countries surveyed, people are happier than they were 12 months ago. However, experts note that happiness levels remain lower than they were 15 years ago.
- Recognition and Family: These are the primary drivers of happiness. Thirty-seven percent of happy respondents cite feeling recognized or loved as the main contributor to their well-being.
The Ranking Clash: Money vs. Love
A comparison of these two studies suggests a formula for human happiness:
- Money does not buy joy: The Ipsos study shows that daily joy comes from family, health, and feeling needed, rather than GDP or state institutions. Citizens in Latin America and Asia often experience more joy than those in Western or Asian nations driven by the pursuit of success.
- Lack of money leads to unhappiness: Both reports confirm that financial insecurity remains the primary source of grief and stress globally. In the Ipsos survey, 57% of unhappy respondents identified financial problems as the main cause.
Ultimately, Oxford highlights countries like Finland and Denmark that have established a secure environment free from the fear of poverty. Ipsos identifies countries like Indonesia and Costa Rica, where people derive maximum emotional warmth from daily social connections.