Maldives ranked world’s 22nd “most miserable place” by Business Insider
25 Feb 2013, 6:20 PM
Neil Merrett
The Maldives has been ranked 22nd among the “most miserable places in the world” by the financial publication Business Insider, on the basis of the country’s unemployment rates and Consumer Price Index (CPI) inflation.
Using a “crude economic measure” called the ‘misery index’, the Maldives came 22nd out of 197 nations reviewed, placing between Iran and the Gaza Strip.
The position was calculated based on on figures provided in the 2013 CIA World Factbook, the latest figures of which were published earlier this month.
Without a chance to have seen the report or verify its conclusions, the Maldives Chamber of Commerce and Industry (MNCCI) dismissed the use of unemployment figures as an indication of development or misery in the Maldives.
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