Puerto Rico
Revelers dance on Fifth Avenue during the Puerto Rican Day Parade on June 12, 2011 in New York City. The Puerto Rican Day Parade draws hundreds of thousands and was first celebrated in New York City in 1958. Mario Tama/Getty Images

The "Happiest Places in the World" have been ranked by the World Happiness Report and over 150 countries made the 2016 list. The updated report was released earlier this month in Italy ahead of UN World Happiness Day celebrated on March 20th. The first report was published in 2012, the second in 2013, and the third in 2015, states the official website.

European countries top the list, with Denmark nabbing the number one spot. Switzerland, Iceland, Norway and Finland are in the top five. The United States was ranked number 13, following Israel and Australia. Many Latin American countries are also in the list, such as Costa Rica, Puerto Rico and Brazil, which are all in the top 20.

According to the report, there are several parameters to measure the happiness of each nation, including social support, healthy life expectancy, freedom to make life choices, generosity and perceptions of corruption. Check out where the countries in the Americas ranked out of 157 places. Click here to see the complete list.

#14 - Costa Rica
#15 - Puerto Rico
#17 - Brazil
#21 - Mexico
#24 - Chile
#25 - Panama
#26 - Argentina
#29 - Uruguay
#31 - Colombia
#39 - Guatemala
#44 - Venezuela
#46 - El Salvador
#48 - Nicaragua
#51 - Ecuador
#52 - Belize
#59 - Bolivia
#64 - Peru
#70 - Paraguay
#89 - Dominican Republic
#104 - Honduras

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