War-torn Ukraine is in the top 10 most unfortunate countries in the world

23 May 2023, 09:44 | Peace
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Zimbabwe is the most unfortunate country in the world. These are the results of the annual “misfortune index”, for which countries are evaluated mainly by economic conditions, reports The Telegraph..

East African nation ahead of war-torn Ukraine (8th), Venezuela (2nd) and Syria (3rd).

Zimbabwe suffers from endemic inflation from the Mugabe era, including two episodes of hyperinflation during which it exceeded 50% per month for 30 or more days.

Last year was not much better, with annual inflation of 243.8% and interest rates on loans at 131.8%..

War-torn Sudan ranks fifth on the list, while Britain reaches 129th, with Switzerland as the winner - the least miserable nation in the world.. Russia ranked 79th in the list of 157 countries.

The annual misery index is compiled by Steve Hanke, Professor of Applied Economics at Johns Hopkins University..

The indices are the sum of unemployment (multiplied by two), inflation and bank lending rates minus the annual percentage change in real GDP per capita.

[see_also ids\u003d"

Top 10 "

Zimbabwe.

Venezuela.

Syria.

Lebanon.

Sudan.

Argentina.

Yemen.

Ukraine.

Cuba.

Turkiye.

Top 10 "

Switzerland.

Kuwait.

Ireland.

Japan.

Malaysia.

Taiwan.

Niger.

Thailand.

Togo.

Malta.




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