Nepal has ranked eighth among the most miserable country among the 197 countries surveyed by the Business Insider – a business news site with deep financial, digital, and media industry verticals – with Misery Index score of 53.8 per cent.
“The country has 7.8 per cent Consumer Price Index (CPI) inflation and 46 per cent unemployment, according to the CIA Factbook, it said, adding that Zimbabwe with a score of 100.6 per cent Misery Index and 95 per cent unemployment is the first miserable country. Liberia stood second followed by Burkina Faso, Turkmenistan and Djibouti in the top five miserable countries.
Business Insider has totalled the figures for 197 countries and territories — from Afghanistan to Zimbabwe — to compile the 2012 Misery Index.
The Misery Index, a crude economic theory created by Arthur Orkum, sums a country's unemployment and inflation rates to assess conditions on the ground as the higher the number, the worse off a country is, according to the Business Insider. “The reasoning: one can tell a great deal about an economy by a soaring jobless rate and a population that can afford less and less of required goods.”