Misery index


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Misery index

An index that sums the unemployment and inflation rates, used as a political rating or measure of consumer confidence.

Misery Index

An informal index that adds the unemployment rate and the inflation rate. For example, if inflation is 11% and unemployment is 6%, the misery index is 17. The misery index is of limited economic import, but politicians often use it to show the success of their programs (or the failure of their opponents' policies).
References in periodicals archive ?
My modified Misery Index is the sum of the unemployment, inflation, and bank lending rates, minus the percentage change in real GDP per capita.
Pakistan scored 42nd positions in ranking of World Misery Index 2014 where lesser score shows worse and greater value means better condition of misery.
In Ecuador, prior to the implementation of dollarization in 2000, the country sustained a misery index of more than 120.
Here are the bottom six countries in this year's misery index along the numerical sums produced by the calculation.
Through a simple sum of the former inflation, unemployment and lending rates, minus yearonyear per capita GDP growth, a misery index was constructed.
Cyprus ranks 20th on the 2014 world misery index because of high unemployment, according to data compiled by a public policy research organisation.
Using the 56 SWS quarterly surveys of 20002013, it identifies the price of rice and a new Job Misery Index (the sum of unemployment and underemployment rates) as key determinants of movements in hunger.
Despite these positives, had there been a computation of a Misery Index for Egypt (that is the sum of the unemployment rate and the inflation rate), it would certainly have resulted in a deteriorating figure.
Taken together, they constitute a lawless element that contributes mightily to the misery index of those trying to make an honest living in Niagara Falls, that dwindling population for whom rap sheets and welfare checks aren't a part of everyday reality.
Through a simple sum of the former three rates, minus year-on-year per capita GDP growth, I constructed a misery index that comprehensively ranks 89 countries based on misery.
Ronald Reagan, in his own Tea Party-like revolution in the 1980 election, often used it as the source of his famous "Misery Index" (along with inflation).
According to the "Cato Institute," an American libertarian think tank, based in Washington DC, Tunisia ranks 30th out of 90 in the Misery Index for 2013, a ranking of the most miserable countries in the world, with a score of 21.5.