Bangladesh has been ranked 31st among 90 countries in an index, a research by a professor at the Johns Hopkins University in Baltimore.
The index was calculated by summing the unemployment rate, lending rate and inflation rate minus the percent change in real GDP per capita, author Hanke said in his paper.
“Only countries where all four data series were available from the Economist Intelligence Unit were included in the research,” he said.
The Cato Institute published the analysis in its May 2014 issue. Washington DC based think tank Cato Institute was founded as the Charles Koch Foundation in 1974.
Venezuela topped as the most miserable country in the world with a index of 79.4%. Its major contributing factor, what the paper said, was inflation.
Bangladesh was ranked at 31 with a index of 20.8% with interest rate as its major contributing factor.
However, Bangladesh is better-off compared to South Asian neighbours India and Pakistan which are ranked at 21 and 28 respectively in the list.
The least miserable country was Japan with an index of 5.41%.
The research paper has been attached with this report for the viewing pleasure of the readers.
