The annual Bloomberg Misery Index is intended to illustrate the concept that low inflation and unemployment can impact how good a nation’s citizens feel.
Going by these criteria it seems the inhabitants of the Czech lands should be happier — or at least less miserable — than a number of other countries.
According to the Index, the top five countries with the least miserable economies are 1) Thailand, 2) Switzerland, 3) Japan and Singapore, 4) Taiwan and 5) Malaysia.
The Czech Republic ranked sixth, followed by Hong Kong, Isreal, South Korea, and Ecuador rounding out the top ten.
The index is calculated as the “sum of a country’s inflation and unemployment rates” that compares the median estimate of economists’ forecasts for each country’s rates in 2019 to 2018 published data.
This year’s scores are based on Bloomberg economists’ surveys, while prior years reflected actual data.
At the “most miserable” end of the spectrum, Venezuela is the world’s most miserable economy followed by Argentina, South Africa, Turkey, and Greece.