The Republic tops the study coming in an index scored of 518. A distant second is Malaysia at 245, with Philippines third at 90.
India at 29 and Indonesia at 11 round up the top 5.
The new Asian Happiness Index, which was released on Wednesday -- which happens to be the International Day of Happiness -- is by Eden Strategy Institute, a consulting firm that provides thought leadership and investment advice on social innovation.
It says on its website that the Index is backed by "scientifically-reviewed principles of true happiness" and is powered by an online intelligence tracking engine that covers over 200 million social media accounts in its initial set of five countries.
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