The 22 Most Miserable Countries In The World

[88m3]

AMANDA MACIAS


APR. 24, 2014, 11:51 AMAccording to a analysis published by the Cato Institute, Venezuela holds the disreputable top spot as the most miserable nation in the world.


The 90 countries listed in the misery index were selected based on data from the Economist Intelligence Unit and calculations from Steve Hanke, a professor of Applied Economics at Johns Hopkins University.

The formula used to compile the list involves inflation, lending rates, and unemployment rates minus year-on-year per capita GDP growth.

Venezuela's much higher misery score of 79.4 is much higher than every other country except Iran (61.6), and the top 22 countries are above 25 on the index.

Inflation is the major contributing factor plaguing three of the top four nations listed. The other countries are either hampered by high unemployment or interest rates.

Here is the top 28 (and here's the full study):

"Measuring



Read more: Most Miserable Places In The World - Business Insider

 

[Leasy]

Damn the countries with the most beautiful woman in the world are mostly in the top 10. Smh.

 

[DEAD7]

I wonder if there is something all these nations have in common?

 

[Hawaiian Punch]

I wonder if there is something all these nations have in common?

The IMF and World bank :stephenaplz:

 

[superunknown23]

Argentina said fukk you to the IMF in 2001 and defaulted.
Now they're right back to where they were

 

[tmonster]

The IMF and World bank :stephenaplz:

 

[Liquid]

But we have obamacare...shouldn't that be a huge factor?

 

[*L*E*G*A*C*Y*]

Damn the countries with the most beautiful woman in the world are mostly in the top 10. Smh.

Get yoself a wifey from there and EAT!!!!!

 

[the cac mamba]

wheres north korea

 

[*L*E*G*A*C*Y*]

Real talk though....being unemployed will indeed make you miserable.

I just hate the fact that so many able and willing people are being left hung out to dry like that. Imagine how much better the world would be if there were opportunities for all those people. It tears me up just thinking about it.

 

[DEAD7]

Real talk though....being unemployed will indeed make you miserable.

I just hate the fact that so many able and willing people are being left hung out to dry like that. Imagine how much better the world would be if there were opportunities for all those people. It tears me up just thinking about it.

I take it you oppose the min wage increase then?

 

[*L*E*G*A*C*Y*]

I take it you oppose the min wage increase then?

Absolutely not.

And some food for thought...

 

[DEAD7]

Real talk though....being unemployed will indeed make you miserable.
I just hate the fact that so many able and willing people are being left hung out to dry like that. Imagine how much better the world would be if there were opportunities for all those people. It tears me up just thinking about it.

Absolutely not.
And some food for thought...

Last post on this, I'm not gonna derail this thread, but the CBO report confirms around 500,000 will lose their job as a result of the proposed increase. You must of been exaggerating when you said you "hate" people being unemployed.

 

[*L*E*G*A*C*Y*]

Last post on this, I'm not gonna derail this thread, but the CBO report confirms around 500,000 will lose their job as a result of the proposed increase. You must of been exaggerating when you said you "hate" people being unemployed.

Unemployment as a neccessary evil? I guess. In basic economics courses, it's taught that unemployment on average should be at 5%. It really shouldn't be especially in developed countries, but the fact of the matter is that there aren't enough skilled people, not enough industries that are/have been established, and there are not enough jobs for everyone.

 

[Bender Rodriguez]

Absolutely not.

And some food for thought...

Australia gotta pay me more to live there and deal with the scary ass shyt known as nature