Romania ranks 53rd out of 63 countries included in Bloomberg’s misery index for 2016, down from 45th in 2015.

This is actually good news, as the countries that are first in this ranking have the most miserable economies in the world, with galloping inflation and rising unemployment, while the countries that are last have the happiest economies in the world, as they have low inflation and unemployment.

So, turning the ranking upside down, Romania ranks on a comfortable 11th place, which makes it the fourth happiest economy in Europe, after Switzerland, Denmark, and the United Kingdom (the rest of the top ten happiest economies are from Asia).

Romania’s misery index projected for 2016 is 6.3 points similar to the one recorded in 2015. It is just slightly higher than the UK’s (6.2 points), but lower than that of the US (6.4 points).

For most countries, the misery index projected for 2016 is higher than the one in 2015. For example, the index for the US has increased from 4.6 points to 6.4 points. Germany’s index also went up from 6.7 to 7.5 while, in Romania’s region, Hungary and Poland have seen their economies get more miserable. Hungary’s index went up from 6.9 to 9.0, placing it 35th in the ranking, while Poland’s index increased from 6.6 to 10.1, taking it from 42nd to 27th.

Venezuela has the most miserable economy in the world, with an index of 159.7 points, followed by Argentina (39.9), and South Africa (32.0). Greece has the most miserable economy in Europe, with 27 points.

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editor@romania-insider.com