Columbia University's Earth Institute published its first World Happiness Report last month, and Venezuela is pleased. The study found the Andean nation was the most joyous place in South America and No. 2 in Latin America after Costa Rica.
Out of 156 nation's ranked, Venezuela came in at 19, behind Costa Rica at 12. Brazil was 25, Argentina was 39 and Colombia was 41. Nicaragua was the grumpiest place in LatAm at 89.
"It is not just wealth that makes people happy: Political freedom, strong social networks and an absence of corruption are together more important than income in explaining well-being differences between the top and bottom countries," the institute said.