World’s Least Miserable Live in Asia, Thanks to Disinflation
- Thailand lowest on Misery Index, followed by Singapore, Japan
- Index combines inflation and unemployment rate in 74 countries
CHIANG MAI, THAILAND - APRIL 13: Two Chiang Mai residents celebrate Songkran by taking part in a massive, city-wide water fight on April 13, 2014 in Chiang Mai, Thailand. Songkran is the traditional New Year's festival in Thailand and is celebrated by prayer, making offerings to monks, and throwing water on others.
Photographer: Taylor Weidman/Getty ImagesThis article is for subscribers only.
The Land of Smiles really is the happiest place in the world, at least in terms of holding a job and keeping the rising cost of goods in check.
The Misery Index, computed by adding inflation to the unemployment rate, gives Thailand a score of 1.11 percent, which is the best - or least miserable - for all 74 economies surveyed by Bloomberg.