রবিবার, ২০ এপ্রিল ২০২৫, ০৬:১৯ পূর্বাহ্ন
Zimbabwe has emerged as the most miserable country on renowned economist Steve Hanke’s Annual Misery Index (HAMI), which judges nations on mainly economic conditions.
The African country, which managed to surpass war-torn nations such as Ukraine, Syria, and Sudan, has majorly been plagued with skyrocketing inflation, which touched 243.8 per cent last year.
A total of 157 countries were analysed for the rankings, according to the New York Post, with number one being the most miserable. Bangladesh ranked 115 in the index, with unemployment cited as the key reason for the country’s unhappiness.
India, Myanmar and Pakistan fared much worse at 103, 39 and 35 respectively. Meanwhile, Sri Lanka ranked 11, Nepal 63, and Vietnam 139.
Discussing the index, Steve Hanke tweeted, “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?”
Hanke also blamed the country’s reigning political party ZANU-PF and its policies for inflicting “massive misery.”
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.
Meanwhile, Switzerland had the lowest HAMI score, meaning its citizens are the happiest. “One reason for that is the Swiss debt brake,” Hanke wrote, crediting the low debt-to-GDP ratio for the nation’s joyous success.
The second-happiest country was Kuwait, followed by Ireland, Japan, Malaysia, Taiwan, Niger, Thailand, Togo, and Malta.
The US ranked 134th on the list, with unemployment as the leading culprit of unhappiness. 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.
Sairas Rahman
