Welcome back to my blog! As you may know, this week is Dashboard Week, and today we’re diving into Power BI to visualize data. While I’m not an expert in Power BI, I’m excited to practice and improve my skills. Our Day 4 challenge is to analyze the correlation between happiness and various factors using data from the World Happiness Report.

For this analysis, I focused on six key factors: life expectancy, GDP, HDI, corruption, social support, and average work hours. To best visualize the correlation of different factors with happiness, I decided to use a scatter plot. Scatter plots are an effective way to display the relationship between two variables, as they show the distribution of data points and any potential trends or patterns. Here is a quick snapshot of my dashboard:

Unsurprisingly, Finland has once again claimed the top spot as the world’s happiest country in 2021, followed by Denmark, Switzerland, and Iceland. Despite the ongoing pandemic, happiness levels have remained relatively stable across most countries, which speaks to the resilience of individuals and communities during difficult times.

One notable finding is that social support plays a crucial role in promoting happiness. Countries with strong social safety nets tend to have higher happiness levels, as exemplified by the Nordic countries. These countries consistently rank among the happiest in the world due to their emphasis on social equality and universal welfare systems.

Interestingly, the data also shows that income is not the sole determinant of happiness. While economic growth can contribute to higher levels of happiness, it is not sufficient on its own. Countries such as Costa Rica, Mexico, and Colombia, which are not considered high-income countries, rank relatively high on the happiness index due to their strong social networks, cultural values, and sense of community.

On the other hand, countries with high levels of inequality, political instability, and corruption tend to rank lower on the happiness index. This highlights the importance of good governance, transparency, and trust in promoting happiness and well-being.

To sum up, the concept of happiness is complex and influenced by various factors beyond simple measures of wealth and income. Social support, cultural values, governance, and trust all play a role in shaping happiness levels. As the world faces ongoing challenges, policymakers and individuals must prioritize the well-being of their citizens and strive to create happier and healthier societies.

The Data School
Author: The Data School