In 2022, Zimbabwe was ranked as the most miserable country in the world with a misery index score of 414.7. Venezuela ranked second with an index score of 330.8.
Quality of life around the world
The misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the inflation rate minus percent change of GDP per capita.
Another famous tool used for the comparison of development of countries around the world is the Human Development Index, which takes into account such factors as life expectancy at birth, literacy rate, education level and gross national income (GNI) per capita.
Better economic conditions correlate with higher quality of life
Economic conditions affect the life expectancy, which is much higher in the wealthiest regions. With a life expectancy of 85 years, Japan led the ranking of countries with the highest life expectancy in 2020. On the other hand, Lesotho was the country with the lowest life expectancy, where men were expected to live 50 years as of 2022.
The Global Liveability Index ranks the quality of life in cities around the world, basing on political, social, economic and environmental aspects, such as personal safety and health, education and transport services and other public services. In 2022, Vienna was ranked as the city with the highest quality of life worldwide.
Misery index scores for the most miserable countries in the world 2022
The misery index is the sum of the unemployment rate, the lending rate, and the inflation rate minus the percent change in real GDP per capita of a country.
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Cato Institute. (May 18, 2023). Misery index scores for the most miserable countries in the world 2022 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/
Cato Institute. "Misery index scores for the most miserable countries in the world 2022." Chart. May 18, 2023. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/
Cato Institute. (2023). Misery index scores for the most miserable countries in the world 2022. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/
Cato Institute. "Misery Index Scores for The Most Miserable Countries in The World 2022." Statista, Statista Inc., 18 May 2023, https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/
Cato Institute, Misery index scores for the most miserable countries in the world 2022 Statista, https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/ (last visited November 17, 2024)
Misery index scores for the most miserable countries in the world 2022 [Graph], Cato Institute, May 18, 2023. [Online]. Available: https://www.statista.com/statistics/227162/most-miserable-countries-in-the-world/