Kanyi Daily NewsKanyi Daily NewsKanyi Daily News
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
      • Instagrammers
      • Twitteratti
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
      • Fashion For Women
      • Fashion For Men
      • Who Wore It Better
      • Fashion We Like
      • Love Or Hate It
      • Style By
      • Style Star
    • Travel
    • Tech & Gadgets
    • Beauty
      • Makeup
      • Beauty Tips
      • Nails
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Reading: Nigeria Ranks Sixth Most Miserable Country In The World
Font ResizerAa
Font ResizerAa
Kanyi Daily NewsKanyi Daily News
  • Home
  • News
  • Celebs
  • Business
  • Crime
Search
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
    • Travel
    • Tech & Gadgets
    • Beauty
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Follow US
© 2025 Kanyi Media.
News

Nigeria Ranks Sixth Most Miserable Country In The World

Tobias Sylvester
By Tobias Sylvester
Published: March 31, 2019
SHARE

Nigeria Ranks Sixth Most Miserable Country In The World 1

An economist from John Hopkins University in Baltimore, US, Steve Hanke, has ranked Nigeria as the sixth most miserable country in the world.

The ranking is titled, Hanke’s Annual Misery Index 2018: The World’s Saddest (And Happiest) Countries.

Writing in the Forbes magazine of March 28, the economist notes that Misery Index is calculated using economic indices such as unemployment, inflation and the rates banks charge on loans.

“In the sphere of economics, misery tends to flow from high inflation, steep borrowing costs and unemployment,” Hanke warns.

The Index notes that the high rate of unemployment in Nigeria contributes largely to its unflattering rating on the Misery Index.

Hanke, in his explanatory note wrote, “The original Misery Index was just a simple sum of a nation’s annual inflation rate and its unemployment rate.

“The Index has been modified several times, first by Robert Barro of Harvard and then by myself.

“My modified Misery Index is the sum of the unemployment, inflation and bank lending rates, minus the percentage change in real GDP per capita.

“Higher readings on the first three elements are ‘bad’ and make people more miserable. These are offset by a ‘good’ (GDP per capita growth), which is subtracted from the sum of the ‘bads.’

“A higher Misery Index score reflects a higher level of ‘misery,’ and it’s a simple enough metric that a busy president, without time for extensive economic briefings, can understand at a glance.”

Thailand and Hungary rank as the least miserable countries in the world on the 2018 Misery Index, having ranked 95th and 94th respectively of the 95 countries ranked by Hanke.

Venezuela, Argentina, Iran, Brazil and Turkey lead in that order, while Nigeria is sixth.

See full list below:

Nigeria Ranks Sixth Most Miserable Country In The World 2

Read Also:👇🏾

  1. “Nigeria Is More Than A Country” – US Ambassador Says Nigeria Is An Idea Bigger Than Nigerians
  2. US Honours Nigerian Muslim Cleric Who Saved Lives Of 262 Christians During Attack In Jos
  3. US Places Nigeria On ‘Special Watch List’ Of Countries That Tolerate Religious Persecution
  4. Tony Ugochukwu: Nigerian Man Wrongly Imprisoned For 15 Years In US, Gets $10m Compensation

TAGGED:Hanke’s Annual Misery Index 2018John HopkinsNewsNigeriaRobert BarroSteve HankeUnited StatesWorld
ByTobias Sylvester
Follow:
Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
Previous Article Woman Beats Her Husband Mercilessly In Public During Fight Over Money [Photos/Video] 3 Woman Beats Her Husband Mercilessly In Public During Fight Over Money [Photos/Video]
Next Article My Death In Helicopter Crash Would Have Put Many People In Trouble – Osinbajo 4 My Death In Helicopter Crash Would Have Put Many People In Trouble – Osinbajo
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
WhatsAppFollow

Latest Post

Portable Praises Tinubu, Says Critics Will Still Benefit From His Government [Video]
Portable Praises Tinubu, Says Critics Will Still Benefit From His Government [Video]
Former President Muhammadu Buhari Buried In Daura [Video]
Former President Muhammadu Buhari Buried In Daura [Video]
Family, Relatives Pay Final Respects To Buhari During Burial [Video]
Family, Relatives Pay Final Respects To Buhari During Burial [Video]
“I Haven’t Seen My Kids In 10 Years, Don’t Even Know if They’re Alive” - Judy Austin’s Ex-Husband
“I Haven’t Seen My Kids In 10 Years, Don’t Even Know if They’re Alive” – Judy Austin’s Ex-Husband
Buhari’s Daughter Break Down In Tears As She Arrives Daura For Late Father's Burial
Buhari’s Daughter Break Down In Tears As She Arrives Daura For Late Father’s Burial
Buhari’s Body Arrives In Katsina For Burial In Daura [Video] 6
Buhari’s Body Arrives In Katsina For Burial In Daura [Video]
Abducted Edo Islamic Cleric, Sheikh Moritada Obhakhoboh Regains Freedom
Abducted Edo Islamic Cleric, Sheikh Moritada Obhakhoboh Regains Freedom
Bullet Fragments Still In My Head Six Years After Assassination Attempt – Angela Okorie
Bullet Fragments Still In My Head Six Years After Assassination Attempt – Angela Okorie
Buhari Would've Died Long Ago If He Had Used Nigerian Hospitals - Femi Adesina [Video]
Buhari Would’ve Died Long Ago If He Had Used Nigerian Hospitals – Femi Adesina [Video]
Two Lovers Arrested For Allegedly Killing Their Chinese Employer In Ogun
Two Lovers Arrested For Allegedly Killing Their Chinese Employer In Ogun
- Advertisement -
Ad imageAd image

Follow Our News Page On Facebook

Follow our entertainment Page on Facebook

"National Assembly Will Pass Budget Within 3 Months Under My Leadership" – Ahmed Lawan 8
News

“National Assembly Will Pass Budget Within 3 Months Under My Leadership” – Ahmed Lawan

Pastor Daniel Olukoya Recounts Seeing A Naked Woman With Pot On Her Head At Night
Celebrities

Pastor Daniel Olukoya Recounts Seeing A Naked Woman With Pot On Her Head At Night

Manchester City Coach, Pep Guardiola Donates €1 Million To Help Fight Coronavirus In Spain 10
Sports

Manchester City Coach, Pep Guardiola Donates €1 Million To Help Fight Coronavirus In Spain

Former US President, Barack Obama Tested Positive For COVID-19
News

Former US President, Barack Obama Tests Positive For COVID-19

Man Arrested With Suitcase Full Of Dead Babies Plated With Gold Intended For Black Magic 12
PHOTOSPEAKS

Man Arrested With Suitcase Full Of Dead Babies Plated With Gold Intended For Black Magic

COVID-19: CBN, NNPC Agrees To Spend N1billion On Feeding, Accommodation Of Nigerian Returnees 14
News

COVID-19: CBN, NNPC Agrees To Spend N1billion On Feeding, Accommodation Of Nigerian Returnees

"19 In Lagos, 15 In Abuja" - Nigeria Confirms 89 New COVID-19 Cases As Total Hits 164,000 16
News

“19 In Lagos, 15 In Abuja” – Nigeria Confirms 89 New COVID-19 Cases As Total Hits 164,000

Malaysia and Taiwan Recalls Indomie Noodles As Cancer-Causing Substance is Detected 18
BusinessHealth

Malaysia and Taiwan Recalls Indomie Noodles As Cancer-Causing Substance is Detected

Video Of Syrian Rebel Leader Hacking A Dead Soilder's Body And Eating His Heart And Other Organs 20
PHOTOSPEAKS

Video Of Syrian Rebel Leader Hacking A Dead Soilder’s Body And Eating His Heart And Other Organs

Naira Marley Reportedly Spokes In Club Days After Joining NDLEA Campaign Against Drugs [Video]
Entertainment

Naira Marley Reportedly Smokes In Club Days After Joining NDLEA Campaign Against Drugs [Video]

"I Want To Live Long" – Tonto Dikeh Cries Out Over Her Battle With Heart Condition [Video]
Entertainment

“I Want To Live Long” – Tonto Dikeh Cries Out Over Her Battle With Heart Condition [Video]

Nelson Mandela Is Dead 22
PHOTOSPEAKS

Nelson Mandela Is Dead

Kanyi Daily News: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more.

Got a hot news tip or found something interesting you’d like us to feature? Hit us up with the details.

  • About KanyiDaily.com
  • Advertise
  • Claims of Infringement
  • Conditions Of Use
  • Contact Us
  • Media Inquiries
  • SUBMIT YOUR STORIES!
  • Tech Issues
  • Write For Kanyi Daily
  • Advertising Policy
  • Comment Policy
  • Editorial Policy
  • Privacy Policy
  • FAQ – Frequently Asked Question
Follow US
Kanyi Media 2025.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?