Misery Index

Greece comes in fourth place on the Bloomberg's misery index, followed by Turkey and Spain. The "misery" calculations are based on inflation and unemployment perspectives. Venezuela tops the list for the third year in a row where both financial and...

The misery index is an economic indicator, created by economist Arthur Okun, and referred to the sum of the unemployment and inflation rates. The misery index was used widely in the 1960s and 1970s as a way of finding out...

Business Insider classified Greece among the most miserable countries in the world, based on the unemployment rate and the high prices of products. Business Insider cites a Bloomberg survey that counts misery in each country with the "misery index." It is measured by adding the...

Greece has received more negative international recognition, this time from by America's Cato Institute, who have ranked the country as the world's tenth most miserable country for 2013, with Cyprus coming in at number 14. Venezuela tops Cato Institute’s list of miserable countries,...