Rabat- Morocco Ranks 58 in the ‘Most Miserable Countries in the World.’
According to the Cato Institute, a conservative public policy think tank in Washington D.C, Venezuela tops the list as the most miserable nation on the globe “with an index value of 79.4.”
Iran came second with an index value of 61.6, Serbia in third with 44.8.
Ranked sixth, Egypt tops the list in the MENA region with an index value of 38.1, while Jordan, Tunisia and Saudi Arabia came in at 22, 30 and 40 respectively. Morocco was ranked 58th with an index value of 13.3.
The factors used to calculate the misery index list includes inflation, unemployment, lending rates and the growth of GDP per capita.
“For most people, their quality of life is important. Constituents prefer lower inflation rates, lower unemployment rates, lower lending rates, and higher GDP per capita,” said the research.
The same source added: “a simple sum of inflation, lending rates, and unemployment rates, minus year-on-year per capita GDP growth — is used to construct a ranking for 90 countries.”
Inflation was the major contributing factor in the misery index, accounting for Venezuela and Iran’s high rankings. For other countries, unemployment and interest rates were the determining factors, as is the case with Algeria, 46th with an index value of 16.8.
Edited by Jessica Rohan
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