Australia has lost its No 1 'best quality of life' title

SwedenSimon BajadaStockholm, Sweden.

The Organisation for Economic Cooperation and Development just released its annual Better Life Index of countries with the best quality of life.

To do this, the OECD studied 34 countries across different parameters of well-being, including work-life balance, financial wealth, and quality of the environment.

These are the 10 countries that scored the highest.

Gathered from country-level government data and public opinion surveys, the organisation's index explores 23 indicators of well-being across 11 categories.

Skye Gould/Tech Insider

9. New Zealand -- Greenhouse emissions are relatively low in New Zealand, mainly due to its low population and close proximity to the sea.

New Zealand.

8. Netherlands -- This country boasts one of the highest literacy rates in the world. The OECD found that adults in the Netherlands score above-average in maths and reading comprehension tests.

Wikipedia Commons
Leiden University, the oldest university in the Netherlands.

6. Canada -- This country ranks high in housing standards. In Canada, the average home contains 2.5 rooms per person, the highest rate in the OECD study.

Wikipedia Commons
The Markham suburbs in Toronto.

3. Switzerland -- The unemployment rate in Switzerland hovers around 3.5%, one of the lowest in the world.

Zurich, Switzerland.

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