The literal “Land of Smiles” – Thailand has actually proved to be the land of smiles.
In recent study by Bloomberg shows that Thailand is the world’s least miserable nation.
The Misery Index, computed by totaling inflation to the unemployment rate, gives Thailand a score of 1.11%, which is the best – or least miserable – among all the 74 countries surveyed by Bloomberg.
Other World’s Least Miserable Nation List Toppers:
After Thailand, again there are Asian countries in the top positions.
Singapore and Japan are the next two least miserable nations due to falling prices and low unemployment. Singapore and Japan are close runners-up, with 1.40% and 2.70% respectively.
Scales Set to Measure Misery:
Bloomberg has compiled the misery index by combining the facts – the cost of living with the strength of the job market.
Thailand has scored fine due to its official unemployment rate which remains low. On the other hand Singapore and Japan can show gratitude to their falling prices for their least miserable life.
Other Big Countries in the List:
UK ranks 17th in the least miserable country list, while the US takes 21st place. China follows closely in 23rd position.
World’s Most Miserable:
Venezuela is at the other end of the scale due to its plunging oil revenues that have led to chronic shortage of food and medicine, and inflation is running at 181%.
With an index of 188.2% this South American country is the “world’s most miserable” country. Venezuela is followed by Bosnia at 48.97% and South Africa with 32.9%.
Thanks to off-the-charts inflation, India doesn’t figure in the index.