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High inflation, unemployment, high interest rates and falling GDP per capita are wrecking havoc in economies across the world.
Venezuela is the world’s most miserable nation, according to a study by the Cato Institute.
The Misery Index has been compiled with inflation, lending rates, and unemployment rates minus year-on-year per capita GDP growth.
Take a look at the world’s 30 most miserable nations…
Tunisia
Rank: 30
Misery Index Score: 21.5
Major contributing factor: Unemployment
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Indonesia
Rank: 29
Misery Index Score: 21.6
Major contributing factor: Interest Rate
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Pakistan
Rank: 28
Misery Index Score: 21.9
Major contributing factor: Interest Rate
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Barbados
Rank: 27
Misery Index Score: 22.9
Major contributing factor: Unemployment
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Portugal
Rank: 26
Misery Index Score: 23.5
Major contributing factor: Unemployment
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Uruguay
Rank: 25
Misery Index Score: 23.8
Major contributing factor: Interest Rate
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Peru
Rank: 24
Misery Index Score: 23.9
Major contributing factor: Interest Rate
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Ukraine
Rank: 23
Misery Index Score: 24.4
Major contributing factor: Interest Rate
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Jordan
Rank: 22
Misery Index Score: 25.3
Major contributing factor: Unemployment
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India
Rank: 21
Misery Index Score: 25.6
Major contributing factor: Interest Rate
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Costa Rica
Rank: 20
Misery Index Score: 25.6
Major contributing factor: Interest Rate
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Honduras
Rank: 19
Misery Index Score: 26.8
Major contributing factor: Interest Rate
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Nicaragua
Rank: 18
Misery Index Score: 27.0
Major contributing factor: Interest Rate
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Georgia
Rank: 17
Misery Index Score: 27.7
Major contributing factor: Unemployment
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Domincan Republic
Rank: 16
Misery Index Score: 28.9
Major contributing factor: Unemployment
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Croatia
Rank: 15
Misery Index Score: 30.5
Major contributing factor: Unemployment
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Cyprus
Rank: 14
Misery Index Score: 30.7
Major contributing factor: Unemployment
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Turkey
Rank: 13
Misery Index Score: 32.7
Major contributing factor: Interest Rate
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Palestinan Territory
Rank: 12
Misery Index Score: 32.9
Major contributing factor: Unemployment
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Macedonia
Rank: 11
Misery Index Score: 35.7
Major contributing factor: Unemployment
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Greece
Rank: 10
Misery Index Score: 36.4
Major contributing factor: Unemployment
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Brazil
Rank: 9
Misery Index Score: 37.3
Major contributing factor: Interest rate
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South Africa
Rank: 8
Misery Index Score: 37.4
Major contributing factor: Unemployment
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Spain
Rank: 7
Misery Index Score: 37.6
Major contributing factor: Unemployment
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Egypt
Rank: 6
Misery Index Score: 38.1
Major contributing factor: Unemployment
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Jamaica
Rank: 5
Misery Index Score: 42.3
Major contributing factor: Interest Rate
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Argentina
Rank: 4
Misery Index Score: 43.1
Major contributing factor: Inflation
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Serbia
Rank: 3
Misery Index Score: 44.8
Major contributing factor: Unemployment
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Iran
Rank: 2
Misery Index Score: 61.6
Major contributing factor: Inflation
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Venezuela
Rank: 1
Misery Index Score: 79.4
Major contributing factor: Inflation