These are the Most Miserable Countries in the World [Infographic]

Some people believe that happiness comes from within.

As humans we can be anywhere on the scale between “miserable” and “happy.”

In the sphere of economics, misery tends to flow from high inflation, steep borrowing costs and unemployment.

The most surefire way to mitigate that misery according to Steve Hanke of the Cato Institute is economic growth.

All else being equal, happiness tends to blossom when economic growth is strong, inflation and interest rates are low, and jobs are plentiful.

Visual Capitalist recently created a chart using Hanke’s data, and it visualises the 2019 Misery Index rankings, across 95 countries.

The index uses four key economic variables to rank and score countries:

1. Inflation
2. Lending rate
3. Unemployment rate
4. GDP per capita growth

Here are the Misery Index scores for all 95 countries.

Who would have thought Thailand would be the least miserable country and Australia would rank in the middle of the pack?

Rank	Country	Contributing Factor	Misery Index Score
#1	🇻🇪 Venezuela	Inflation	1,746,439.1
#2	🇦🇷 Argentina	Inflation	105.6
#3	🇮🇷 Iran	Inflation	75.7
#4	🇧🇷 Brazil	Lending Rates	53.6
#5	🇹🇷 Turkey	Unemployment	53.3
#6	🇳🇬 Nigeria	Unemployment	43.0
#7	🇿🇦 South Africa	Unemployment	42.0
#8	🇧🇦 Bosnia and Herzegovina	Unemployment	38.2
#9	🇪🇬 Egypt	Lending Rates	36.8
#10	🇺🇦 Ukraine	Lending Rates	34.3

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To calculate each Misery Index score, a simple formula is used: GDP per capita growth is subtracted from the sum of unemployment, inflation, and bank lending rates.

Which of these factors are driving scores in some of the more “miserable” countries?

Which countries rank low on the list, and why?

from Property UpdateProperty Update https://propertyupdate.com.au/these-are-the-most-miserable-countries-in-the-world-infographic/