10 Most Miserable Places In The World

Bangalore: The global economy is fairly grim due to unemployment, poverty-stricken countries. The misery index, a crude economic measure created by Arthur Orkum, sums a country’s unemployment and inflation rates to assess conditions on the ground (the higher the number, the more miserable a country is). The reason behind the study is that most of the citizens understand the pain of a high jobless rate and the soaring price of goods.

The data is taken from Business Insider article, 25 Miserable Places in the World, 2013 Misery Index. The results are based on CIA World Factbook data, which estimates figures for countries and territories that do not have reliable local reporting agencies.

#10 Syria

Misery index score: 51.7
CPI inflation: 33.7 percent
Unemployment: 18 percent

The Syrian economy is based on a diversified economy that revolves around agriculture, oil, tourism and industry. The economy is still getting collapsed due to the conflict that began in 2011. In 2012, the economy started to shrink and thus Syrian GDP contracted because of international sanctions and reduced domestic consumption and production. Besides, the unemployment rate increased by 3percent in 2012 and since the Syrian pound started to fall, Syria experiences high inflation.