LONDON – Pakistan has been ranked at 35 among most miserable countries inthe world, according to the latest results of an annual index.
Renowned economist Steve Hanke has issued the Annual Misery Index 2022 thatprovided rankings for a total of 157 countries.
The index has identified inflation as the primary factor to the recentplacement of the South Asian country, which is reeling under severeeconomic and political challenges, in the index.
The index is the sum of the year-end unemployment, inflation, andbank-lending rates, minus the annual percentage change in real GDP percapita.
The neighbouring country, India, has secured the 103rd place in the index.Sri Lanka is the most miserable country in South Asia closely followed byPakistan.
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The list shows Zimbabwe being the most miserable country in the world whileSwitzerland is the happiest country followed by Kuwait.
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Hanke shared the list of the top 15 most miserable countries on Twitter,expressing his observations. “Thanks to stunning inflation, highunemployment, high lending rates, and anemic real GDP growth, Zimbabweclocks in as the WORLD’S MOST MISERABLE COUNTRY in the Hanke 2022 AnnualMisery Index. Need I say more?” he tweeted.
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Venezuela, Syria, Lebanon, Sudan, Argentina, Yemen, Ukraine, Cuba, Turkey,Sri Lanka, Haiti, Angola, Tonga, and Ghana are among the countries emergedas the 15 most miserable nation worldwide.
Talking about Cuba’s ranking at ninth place, he said, “The ‘disastrouseconomic policies’ have left the country in shambles.”
The United States has been ranked at 134 among the least miserablecountries. 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).