World's ‘most miserable’ countries list 2022: Where do India, Pakistan stand? - Hindustan Times
close_game
close_game

World's ‘most miserable’ countries list 2022: Where do India, Pakistan stand?

By | Edited by Aniruddha Dhar
May 24, 2023 04:37 PM IST

Economist Steve Hanke gave rankings to 157 countries by considering factors of unemployment, inflation, bank-lending rates and GDP change.

Zimbabwe has been ranked ‘most miserable country’ in the Hanke's Annual Misery Index (HAMI) 2022. The country's staggering level of misery has been attributed to the policies implemented by President Emmerson Mnangagwa, representing the ZANU-PF party. According to the index, Zimbabwe experienced a skyrocketing inflation rate of 243.8 per cent in the previous year.

Zimbabwe experienced a skyrocketing inflation rate of 243.8 percent in the previous year. (AP)
Zimbabwe experienced a skyrocketing inflation rate of 243.8 percent in the previous year. (AP)

Also Read | India slips in World Press Freedom Index, ranks 161 out of 180 countries

India is placed at the 103rd spot, with unemployment identified as the primary contributing factor to the country's relative level of misery.

Among the 157 countries analysed, Switzerland emerged as the least miserable, occupying the top position (157) on the list.

Grappling with economic and political challenges, Pakistan secured the 35th position on the list of the world's most miserable countries. Inflation was identified as the primary contributing factor to Pakistan's placement in the index.

Also Read | Pakistan overtakes Afghanistan as the most terror-hit country

Economist Steve Hanke's index provided rankings for a total of 157 countries. The index is the sum of the year-end unemployment, inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita.

Among the countries ranked, Zimbabwe, Venezuela, Syria, Lebanon, Sudan, Argentina, Yemen, Ukraine, Cuba, Turkey, Sri Lanka, Haiti, Angola, Tonga, and Ghana emerged as the 15 most miserable countries worldwide.

Also Read | Global Terrorism Index: Ecological changes likely to intersect with terrorism

Hanke shared the list of the top 15 countries on Twitter, expressing his observations. "Thanks to stunning inflation, high unemployment, high lending rates, and anemic real GDP growth, Zimbabwe clocks in as the WORLD'S MOST MISERABLE COUNTRY in the Hanke 2022 Annual Misery Index. Need I say more?" he tweeted.

Regarding Cuba's ranking at ninth place, he said, “The 'disastrous economic policies' have left the country in shambles.”

Finland, constantly ranked as the world's happiest country for six consecutive years according to the World Happiness Report, secured the 109th position on the misery index. The United States fared relatively well on the misery index, ranking among the least miserable countries at 134.

Other countries with the least misery levels include Kuwait (156), Ireland (155), Japan (154), Malaysia (153), Taiwan (152), Niger (151), Thailand (150), Togo (149), and Malta (148).

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Budget 2024, Nirmala Sitharaman, RBI along with Petrol Price, Gold Rate at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, July 16, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On