7.12.08

Global Misery Index

The misery index is an indicator created by Arhur Okun, one of the advisors of President Johnson. It is simply the unemployment rate added to the inflation rate. Of course the more a country gets, the worse its economy is going to develop.

If you want to get more information about this index, click here.

In 2008, according to the MI, the best countries are Japan, Norway, Singapore, New Zealand, Australia, and Mexico. The countries that have changed the most are: Norway, Iceland, Malaysia, Luxembourg, Egypt, and Philippines, in all cases to worse.