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This country can’t shake its inglorious ranking as most miserable

Oil-dependent Venezuela’s persistent hyperinflation, which still leaves its residents waiting in lengthy lines for toilet paper and other basics, landed it as the “most miserable” country in 2016 for yet another year, at least by one measure.

The ranking is according to Steve Hanke, professor of applied economics at The Johns Hopkins University and a senior fellow at the right-leaning Cato Institute. Based on Hanke’s Misery Index, Argentina holds down the second-worst ranking, followed by Brazil and Nigeria.

His full 60-nation list can be found here.

At the other end of the spectrum stand the relatively happy people of Japan.

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