The lower the inflation and unemployment – the happier the population is as assumed by Bloomberg. Singapore is the second on the list and Japan is the third with Switzerland, Iceland, Taiwan, Israel, Denmark-Hong Kong and China to follow. The most miserable countries are Venezuela, South Africa and Argentina.
As seen from the list, Asian economies have escaped being among the most miserable ones. Bloomberg analyses the available average data for the previous year to make a conclusion.
The rate of inflation was as low as 0.66% in 2017 and unemployment was 1. 04% in Thailand. Those who lose a job in the formal sector, nevertheless find it in the informal sector. Street traders selling food and other goods and bike taxi drivers are a usual phenomenon in Thailand. This kind of work lets them successfully maintain their families. Consumption in Thailand has been rising over the last years. According to Bloomberg Thailand’s economy is the 16th on the list of developing countries attractive for investors.
Thailand Tops the Bloomberg's List of the Least Miserable Countries in the World
News in Asia
Thailand has been leading the list of the least miserable countries in the world since 2015 according to Bloomberg Misery Index which ranks the countries considering inflation and unemployment rates.