In 2019 the concept entered the mainstream when two countries, New Zealand and Iceland, announced plans to measure and improve the wellbeing of their populations. A pioneer in this space is Bhutan, which has been measuring happiness at a national level since 1972, when the then king Jigme Singye Wangchuck stated, “Gross National Happiness is more important than Gross National Product.” Moscow has the lowest ratio, with 51.6 hours worked for each day of vacation, followed by Paris with 55.4.Īs mentioned previously, a number of countries and cities are looking at wellbeing more closely. For those seeking sunshine, Dubai comes out top with an average of 3,509 hours a year, followed by Los Angeles with 3,254 hours.įor work-life balance, we looked at hours worked per day of vacation. According to the World Cities Culture Forum, 68% of public space in the city comprises parks and gardens, followed by Singapore’s 47%.
Looking at specific measures, Oslo leads for green space. For North America, Montreal is highest in ninth place, for Asia it is Singapore in tenth and in the Middle East Dubai takes the fifteenth spot. The highest-ranking for Australasia is Sydney in seventh. Madrid rounds out the top five, with Stockholm in sixth place. Norway’s capital Oslo takes the top spot, followed by Zurich and Helsinki tied in second place, and Vienna in fourth – not surprising, given the ten years it has spent at the top of the Mercer Quality of Life Index. We have analysed 40 global cities and our results show that European cities dominate. We have therefore included crime, work-life balance and access to green space alongside a range of other indicators. We therefore decided to develop our own index using eight measures to identify those urban centres that are enabling citizens to achieve a higher level of wellbeing.Īll such attempts are subjective, especially when it comes to the choice of measures used, but we have chosen a range of factors that our research shows contribute to UHNWI decisions about where to invest or purchase a home.įor example, the results of previous Attitudes Surveys have told us that personal security, lifestyle and healthcare are important factors. However, there is no universally accepted method of measuring wellbeing, nor how it pertains to wealth creation. There is a growing focus on wellness as a measure of national performance: something that has in the past been assessed in purely economic terms, generally measured in the form of GDP. But the concept of wellbeing, or wellness, is far wider than individual health and happiness. The Wealth Report Attitudes Survey shows that 80% of UHNWIs are dedicating more of their time and money to their own wellbeing.
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