Between this level and the very highest GDP per capita level ($54,000), the probability of reporting the highest level of life satisfaction changes by no more than 2%, and seems to be hump-shaped, with a bliss point at around $33,000. Since the evidence about the relationship between GDP and happiness suggests that GDP is not the only important thing in determining government policy, governments should consider all other aspects to improve the well-beings of their citizens. Although affluence does not necessarily bring happiness or peace of mind the majority of people in the world place greater importance on achieving material prosperity. Of the 125 countries for which good data exist, 43 have seen GDP per person and happiness move in opposite directions. … The vertical axis shows the national average of the self-reported life satisfaction on a scale ranging from 0-10, where 10 is the highest possible life satisfaction. 2. According to the numbers, the relationship between money and happiness is strong early on for countries. Today’s chart looks at the relationship between GDP per capita (PPP) and the self-reported levels of happiness of each country. After all, that is what GDP measures. Therefore, even though it has been proved that there is a positive relationship between income and happiness, the relationship between the two variables is often Today’s chart looks at the relationship between GDP per capita (PPP) and the self-reported levels of happiness of each country. There is no relationship between GDP and happiness. Happiness matters so much to every individual and in every environment. Health and education: Apart from an abundance of consumer goods, a high GDP … This is needed as it leads to intelligence, activeness, a safe and friendly environment. The Correlation between Money and Happiness ... (Gross Domestic Product), the more happy the person or the country is. According to regression estimates of the data compiled by the UN, a 1% change in GDP per capita will cause only a 0.3 unit change in happiness (happiness is calculated on a scale from 0 to 10).

However, when GDP per capita is included with other variables the model explains nearly 75% of the variance in happiness. Sources for data are the World Bank and the World Happiness Report 2017.

Happiness is complicated The World Happiness Report uses a mix of GDP, social support (as measured by someone to count on in times of … Here’s an overview of interesting articles why Gross domestic product (GDP) is an out-dated measure to compare the economic performance of a country or region, and to make international comparisons. Sources for data are the World Bank and the World Happiness Report 2017. Just as happiness brings about a positive feeling to an individual, it is important to know if it will bring about the same effect to an economy. Each country is an arrow on the grid, and the location of the arrow tells us the corresponding combination of average income and average happiness.
The headline result is clear: the richer the country, on average, the higher the level of self-reported happiness.