Sri Lanka has been ranked as the 11th most miserable country in the Annual Misery Index (HAMI) 2022 compiled by Economist Steve Hanke.
The index provided rankings for a total of 157 countries. Zimbabwe has been ranked as the ‘most miserable country’ in the Index.
Zimbabwe, Venezuela, Syria, Lebanon, Sudan, Argentina, Yemen, Ukraine, Cuba and Turkey are the 10 most miserable countries.
Sri Lanka is ranked 11th due to high inflation.
The index is the sum of the year-end unemployment, inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita.
According to the index, unemployment in Sri Lanka in 2022 was at 6.5 percent and inflation had exceeded 57 percent.
The report said that the GDP per capita showed a negative growth of -9.3.
The bank lending rate in Sri Lanka was over 20 per cent.
Sri Lanka has a score of 99.63 in the classification of the world’s most miserable countries.
India is also on the list
India is at the 103rd place among the 157 most miserable countries due to high unemployment.
Switzerland has been named as the least miserable country followed by Kuwait, Ireland, Japan, Malaysia, Taiwan, Niger, Thailand, Togo and Malta.
Finland, which has been named as the world’s happiest country 6 times in a row, is ranked 109th in this index.
The USA was ranked at 134th.
