
Economist Steve Hanke's index ranks a total of 157 countries. The list is prepared keeping in mind several factors, such as the sum of the year-end unemployment, inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita.

Grappling with economic and political challenges, Pakistan stood at the 35th spot. Inflation was the primary factor contributing to Pakistan's placement in the index.

The 'disastrous economic policies' have left the country in shambles and are the primary contributing factor to Cuba’s position in the index.

Finland, which has been constantly ranked as the world's happiest country for six consecutive years, according to the World Happiness Report, secured the 109th position on the misery index.

The United States has fared relatively well on the misery index, as per Hanke. It secured 134th position on the list, making it one of the least miserable countries.

Other countries with the least misery levels include Kuwait (156), Ireland (155), Japan (154), Malaysia (153), Taiwan (152), Niger (151), Thailand (150), Togo (149), and Malta (148).