The 15 Most Miserable Countries In The World

greece

[credit provider=”ap”]

The global economic picture is fairly grim. Debt ridden Eurozone countries have seen unemployment driven high by austerity measures and economic stagnation. The civil unrest in the Mideast and North Africa stemmed in part from joblessness in the region.Meanwhile, the price of food and energy soars everywhere.

The so-called “misery index” conceived by economist Arthur Okun is calculated by adding together unemployment and inflation.

Doing this simple calculation, we found the most miserable countries in the world.

Note: We calculated figures for 81 countries that consistently report unemployment and CPI figures

[slideshow]
[slide
permalink=”15-argentina-1″
title=”#15 Argentina”
content=”Misery index score: 17.1%

CPI inflation: 9.7%

Unemployment: 7.4%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4d839486cadcbb01604f0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”14-ireland-2″
title=”#14 Ireland”
content=”Misery index score: 17.5%

CPI inflation: 2.7%

Unemployment: 14.8%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4cf1328cccd1d52f21200000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”13-latvia-3″
title=”#13 Latvia”
content=”Misery index score: 18.2%

CPI inflation: 5%

Unemployment: 13.2%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4b740f9d0000000000592969″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”12-jordan-4″
title=”#12 Jordan”
content=”Misery index score: 18.3%

CPI inflation: 5.2%

Unemployment: 13.1%

Source: Bloomberg, The Hashemite Kingdom of Jordan



image=”http://static.businessinsider.com/image/4d5014724bd7c8b854020000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”11-turkey-5″
title=”#11 Turkey”
content=”Misery index score: 18.67%

CPI inflation: 7.17%

Unemployment: 11.5%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4da5c1684bd7c826630a0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”10-pakistan-6″
title=”#10 Pakistan”
content=”Misery index score: 18.73%

CPI inflation: 13.23%

Unemployment: 5.5%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4b6af351000000000060f1ec”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”9-oman-7″
title=”#9 Oman”
content=”Misery index score: 19.1%

CPI inflation: 4.1%

Unemployment: 15%

Source: Bloomberg, CBS



image=”http://static.businessinsider.com/image/4df63178ccd1d5cf3a170000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”8-greece-8″
title=”#8 Greece”
content=”Misery index score: 19.49%

CPI inflation: 3.29%

Unemployment: 16.2%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4cf7c139ccd1d55c54020000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”7-india-9″
title=”#7 India”
content=”Misery index score: 20.21%

CPI inflation: 9.41%

Unemployment: 10.8%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4d224b114bd7c834020e0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”6-lithuania-10″
title=”#6 Lithuania”
content=”Misery index score: 22.2%

CPI inflation: 5%

Unemployment: 17.2%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4b740fb50000000000da1642″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”5-egypt-11″
title=”#5 Egypt”
content=”Misery index score: 23.8%

CPI inflation: 11.9%

Unemployment: 11.9%

Source: Bloomberg, Yahoo! News



image=”http://static.businessinsider.com/image/4dd3f99249e2ae4036220000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”4-spain-12″
title=”#4 Spain”
content=”Misery index score: 24.2%

CPI inflation: 3.5%

Unemployment: 20.7%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4dd411c04bd7c82b492a0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”3-vietnam-13″
title=”#3 Vietnam”
content=”Misery index score: 24.38%

CPI inflation: 19.78%

Unemployment: 4.6%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4b4498a00000000000365ece”
caption=””
credit=””
credit_href=””
]
[slide
permalink=”2-south-africa-14″
title=”#2 South Africa”
content=”Misery index score: 27.4%

CPI inflation: 4.2%

Unemployment: 23.2%

Source: Bloomberg



image=”http://static.businessinsider.com/image/4df62fc74bd7c83c4b130000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”1-venezuela-15″
title=”#1 Venezuela”
content=”Misery index score: 32.9%

CPI inflation: 24.8%

Unemployment: 8.1%

Source: Bloomberg

image=”http://static.businessinsider.com/image/4b7c10790000000000ad4eb9″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”now-here-are-some-countries-that-have-it-good-16″
title=”Now here are some countries that have it good…”
content=”These Countries Have The Best Quality Of Life In The World >
image=”http://static.businessinsider.com/image/4cbc951149e2ae3c31170000″
caption=””
credit=””
credit_href=””
]
[/slideshow]