WASHINGTON- A survey conducted by Gallup institute ranked Israel seventh out of 124 states, based on the happiness level of residents.

According to the global wellbeing survey, published over the weekend, 63% of respondents in Israel said they were happy with their lives.

Popularity Contest Israel ranked among least popular states Ynet Global poll held for BBC finds just three countries ranked below Israel – Pakistan, North Korea, Iran Israel ranked among least popular states

Surprisingly, Venezuela shared the fourth spot with Finland, boasting 64% content residents.

New Zealand ranked seventh, along with Israel.

The Jewish State ranked higher than Holland and Ireland (62%), and also managed to surpass the United States (59%) and Brazil (57%).

The Arab state ranking highest in the survey was the United Arab Emirates, with 55% of its residents reporting being content with their lives.

Britain showed less optimism with only 54% of respondents expressing satisfaction.

In contrast with the level of happiness in Israel, only 14% of residents in the Palestinian Authority said they were happy with their situation.

Countries in the African continent ranked as least happy, with Chad at the bottom of the list with only 1% pleased residents.

The conductors of the poll argue that world leaders should focus not only on the country's Gross Domestic Product as an indicator of the residents' well-being, but also consider other, more vague, factors such as happiness and satisfaction.