Kuwait has achieved the milestone of becoming the 2nd happiest country in the world, ranked by Annual Misery Index. The professor of Applied Economics at Johns Hopkins University, Steve Hanke complied the index indicating that Kuwait has surpassed Ireland, Thailand, and Japan on the scale of happy countries.
Switzerland has topped the list, while Malaysia secured 5th rank. On the opposite pole, four Arab countries have been ranked at the ‘miserable’, including Yemen, Sudan, Syria, and Lebanon. The situation of Muslims in these countries could be a factor behind this downfall.
The Annual Misery Index is determined based on factors including unemployment, inflation, bank-lending rates, and change in gross domestic products per capita annually.