Economist Steve H. Hanke’s Annual Misery Index has revealed its latest findings for 2023, painting a sobering picture of economic well-being across nations. In this year’s report, Pakistan has emerged as the most miserable country within the South Asian region, according to the parameters outlined in Hanke’s index.
Among its South Asian counterparts, Pakistan has garnered the undesirable distinction of holding the top spot on the misery index. This designation sheds light on the significant economic challenges and social hardships facing the nation.
Social media users have been quick to attribute Pakistan’s dismal ranking to the policies of the current government, suggesting that under different leadership, the country might not fare as poorly on the misery index. Hanke’s index takes into account various factors including unemployment, lending rates, inflation, and changes in real GDP per capita to arrive at its assessment.
