Cyprus Mail
Business Cyprus

Cyprus ranks 20th in misery index

File photo Nicosia unemployment office

Cyprus ranks 20th on the 2014 world misery index because of high unemployment, according to data compiled by a public policy research organisation.

Some 48,000 were unemployed in December 2014, as the island struggles to find its feet after seeking an international bailout in 2012.

Greece was 19th.

The index, put together by the Cato Institute, includes 108 countries. Countries not included did not report satisfactory data for 2014.

The five most miserable countries in the world at the end of 2014 were, in order: Venezuela, Argentina, Syria, Ukraine, and Iran.

The top five least miserable were Brunei, Switzerland, China, Taiwan, and Japan.

The misery index is the sum of the unemployment rate, lending rate, and the inflation rate minus the percentage change in real GDP per capita.

Related posts

Anastasiades: Cyprus seeking to save Europe’s dignity

Peter Michael

Finance minister ups outlook for economy

Andrew Rosenbaum

Tourism revenue falls 88.5% in first seven months

Elias Hazou

Pasykaf launches October awareness campaign

Gina Agapiou

Coronavirus: 30 new cases recorded on Tuesday (updated)

Peter Michael

Water to arrive in the north in a ‘few days’

Peter Michael


Comments are closed.