TIME

Panama leads the world in well-being, surpassing even wealthier countries such as Switzerland, Norway, and the United States, according to the research released Wednesday.

It’s the second-year running that Panama has topped the Gallup-Healthways Global Well-Being Index. About 53% of residents are thriving in three or more areas of well-being tracked by Gallup, which includes a person’s sense of purpose, financial well-being, and physical health.

“People in Panama will report a lot of daily happiness, a lot of daily smiling and laughter, and a lot of daily enjoyment without a lot of stress and worry,” Dan Witters, who compiled the index, told Reuters.

Panama’s also had the benefit of a strong and growing economy in the last year, plus the country’s had relative political stability and investments in national development.

Meanwhile, the U.S. has fallen in its well-being ranking, dropping to No. 23 of 145 countries, territories and…

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