Argentina was the most miserable country in the world last year, according to the latest edition of Hanke's Annual Misery Index (HAMI). The South American country climbed (or dropped) from the sixth spot in 2022, overtaking Zimbabwe to sit at the top (or bottom) of the ranking by the economist and professor.
In a publication in the National Review, Hanke explained the different factors that make up the index, saying it's the sum of "the year-end unemployment (multiplied by two), inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita."
