Australia is the 'happiest' industrialised nation in the world, topping the Organisation for Economic Cooperation and Development's (OECD) Better Life Index. Comparing well-being across countries based on 11 topics the OECD has identified as essential in the areas of material living conditions and quality of life.

Being the only major developed nation to have avoided a recession in the global financial crisis, mostly thanks to a timely resources boom Australia, Australia ranks significantly highly in most of the 11 Better Life Index topics including, jobs, housing, community, education, environment, health and life satisfaction.

Jobs-wise, over 72% of people aged 15 to 64 in Australia have a paid job, above the OECD employment average of 66%, and work less hours per year than most people in the OECD.

High water and air quality contribute significantly to Australia's high health rating with the level of atmospheric tiny air pollutant particles small enough to enter and cause damage to the lungs considerably lower than the OECD average and 92% of people say that they are satisfied with the quality of their water.

For a full explanation of the OECD's Better Life Index and a break-down of Australia's ratings in each of the 11 topics, click here.

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