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April 29, 2014
Star News


Jamaica ranked fifth most miserable country

Jamaica has been ranked as the fifth most miserable country in the world, according to a study published by the United States-based public policy research organisation, Cato Institute.

The Misery Index, which was created by the Economist Intelligence Unit (EIU) and published by Cato Institute, features 90 countries from across the globe.


According to the EIU, the Misery Index is based on the sum of the unemployment rate, the lending rate and the inflation rate minus the per cent change in real gross domestic product (GDP) per capita.

According to the index, the major contributing factor to Jamaica's misery is its interest rate.

Two other Caribbean countries were also included in the list, Barbados ranked at 27 with unemployment being blamed as that country's source of misery, while Trinidad and Tobago was ranked at 43, with interest rate being attributed to that country's source of misery.

Meanwhile, Venezuela is ranked as the most miserable nation in the world due to inflation.

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