Only Venezuela, Argentina and South Africa have more miserable economies than Ukraine.
[media type="picture" position="2"]Ukraine is in the top-5 most "miserable" economies in the world.
The economy of Venezuela is the most "miserable" in the world. It is followed by Argentina and South Africa. Ukraine has got the fourth place in the ranking. It is noteworthy that the situation in Greece is not much better: the country is 5th in the list. Russia has been ranked seventh, just after Spain.
The war is the main culprit for the large economic losses in Ukraine. According to official data, inflation level in Ukraine was 24.9% last year. Nevertheless, Bloomberg took 17.5% as the basis for the inflation rate and 9.5% as the level of unemployment.
More "miserable" Argentina and Venezuela are characterized by a higher inflation. The South Africa has a very high unemployment rate.Source: Bloomberg