Zimbabwe “Most Misearable Country”, Know India’s Rank in This Index

Zimbabwe was identified as the most miserable country on renowned economist Steve Hanke’s Annual Misery Index (HAMI). This ranking lists nations as per their economic conditions. A total of 157 countries were analyzed for the rankings, reported New York Post.

India, on the other hand, ranked 103 on the list, with the contributing factor to the misery being unemployment, according to the index.

The US ranked 134th on the list and unemployment was the main culprit of unhappiness.

Zimbabwe because of its skyrocketing inflation at 243.8 per cent surpassed war-torn nations like Ukraine, Syria, and Sudan to become the most miserable country.

”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?” Steve Hanke tweeted.

Venezuela, Syria, Lebanon, Sudan, Argentina, Yemen, Ukraine, Cuba, Turkey, Sri Lanka, Haiti, Angola, Tonga, and Ghana are the other countries in the top 15 list of most miserable nations.

Switzerland with the lowest HAMI score was the happiest.  The second-happiest country was Kuwait, followed by Ireland, Japan, Malaysia, Taiwan, Niger, Thailand, Togo, and Malta.

Finland, which has been ranked the world’s happiest country for six years in a row by the World Happiness Report, was ranked 109th on the misery index.

Notably, The Annual Misery Index is compiled by Steve Hanke, professor of Applied Economics at John Hopkins University. The indexes are the sum of unemployment (multiplied by two), inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita.