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UAE one of the happiest nations in the world: Report
February 12, 2019
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DUBAI: The UAE is one of the happiest countries in the world, according to a new report compiled by Boston Global Consulting Group (BCG), titled “Towards A Broader View of National Performance,” prepared in collaboration with the 2019 World Government Summit.

The report includes an assessment of income and happiness dynamics. The data shows that the UAE has managed to increase happiness. The UAE is placed above markets such as the USA, Canada, Belgium and France in terms of the happiness indicator. This is a strong reflection of the nation’s efforts and investments to improve people’s happiness, albeit slower economic growth during the period.

It shines light on the need to go beyond the widely-used Gross Domestic Product (GDP) metric as a sole indicator of societal well-being and economic performance.

“As an advocate for enhancing lives across the world, we are proud to be part of conversations that help to shape government agendas which reflect a drive towards achieving societal well-being - an area that the UAE leadership continues to lead the world in through its happiness agenda,” said Dr Leila Hoteit, Partner and Managing Director at Boston Consulting Group Middle East.

“To encourage further thought-leadership, this research draws upon BCG’s experience working with country and regional leaders on national strategies and from the work on the objective measure of well-being used in BCG’s Sustainable Economic Development Assessment (SEDA).”

While GDP is the most common national performance metric, its narrow scope bypasses critical societal factors, including education, health and the distribution of wealth.

WAM

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