OECD Misery Rates

The misery rate or index is the combination of the unemployment rate and the inflation rate. A country that has high inflation and high unemployment is in misery, while low unemployment and low inflation is the aim.

So of the 33 countries, only 9 have a misery index below 6%. NZ is 7th best at 5.1%.

We are better than Australia, US, UK and Canada at 5.4%.

The OECD average is 7.5%, EU average 9.2% and Euro zone average 10.6%.

The worst off is Greece at 23.9%, Spain 20.2% and Turkey 20.0%.

France is also very badly off at 10.2%.