The world's happiest countries have been revealed - and New Zealand made the top ten!

New Zealand has been named in the top ten happiest countries in the world.

The World Happiness Report, released over the weekend, ranked 150 countries based on factors including life expectancy, social support and corruption.

For the fifth consecutive year, Finland has been named the world's happiest country, with a score of 7.82.

In fact, Nordic nations seemed to be a hot spot for happy people, with Denmark in second, and Iceland in third.

New Zealand rounded out the top 10 list with a score of 7.20.

Despite higher scores for GDP, life expectancy and generosity, Australia - which came in 12th - did not beat New Zealand when it came to social support, freedom to make life choices and perceptions of corruption.

The top ten happiest nations:

1. Finland
2. Denmark
3. Iceland
4. Switzerland
5. Netherlands
6. Luxembourg
7. Sweden
8. Norway
9. Israel
10. New Zealand