Spain Is World's Most "Miserable" Nation, Worse Than Greece, Venezuela And South Africa

Tyler Durden's picture


A quick ranking of the world's most "miserable" countries, based on the conventional measure of the Misery Index which is simply the Unemployment Rate plus Inflation, shows just why most people in Spain are, well, less than happy (and Spain is damn lucky there is no subset of the Misery index for just those aged 25 and under as we would certainly need a bigger chart). As the chart below shows, the Spanish "misery" is now the greatest in the world, at some 30%, and is worse than South Africa, Greece, Venezuela, Argentina and Egypt.

But fear not Spain: Croatia which is set to join the EU in July is forecast to have a debt/GDP ratio of 63.6% by 2017 from 29.3% in 2008 as growth stagnates. The country has one of the lowest labor participation rates in Europe at about 50 percent, the ILO says. In other words, at just 26%, it a virtual guarantee that Spain pole position is about to be eclipsed as Europe does the one thing it is truly good at: spread misery for the "common good."

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Tue, 01/29/2013 - 09:34 | 3194463 brucyy
brucyy's picture

hello to sunny marbella from me old friend 

Tue, 01/29/2013 - 11:48 | 3194932 ciscokid
ciscokid's picture

Hola brucy, hope well.

Tue, 01/29/2013 - 11:49 | 3194934 ciscokid
ciscokid's picture

Hola brucy, hope well.

Tue, 01/29/2013 - 09:34 | 3194458 Rainman
Rainman's picture

See how happy the Irish are ? Spaniards just don't drink enough.

Tue, 01/29/2013 - 09:34 | 3194461 jeff314
jeff314's picture

Ill take Claudia Basolls out of her misery...

Tue, 01/29/2013 - 09:43 | 3194467 Whiteshadowmovement
Whiteshadowmovement's picture

The high unemployment rate for South Africa is extremely misleading and is very often used by many media outlets to paint South Africa as a place of instability.

The high unemployment is not so much a structural economic issue as a sociological one. The reason it is so perisitently elevated is very high immigration from the rest of Africa (Zimbabweans are SA's mexicans) who do the work even SA blacks dont want to do.

Secondly, it has to do with reproduction rates among the black population which are now just adjusting to post-malthusian fertility rates.

In other words, black families have not yet adjusted to the idea that the majority of children will live to adulthood (due to 1st world medicine etc.) and thus have not yet experienced the decline of birth rates which eventually hit every developing market.

PS- There is as much sunshine and warm weather here as in Spain! And the land has lots of hidden treasures- not just gold but some of the best agriculture on earth...

Tue, 01/29/2013 - 09:53 | 3194520 trav777
trav777's picture

black reproductive rate is an evolutionary strategy.  It's not going to be "realized" away.

Blacks in the first world still have it.

It is mitigated only by things on the right hand side of Bartlett's sheet.

I routinely go places that are supposedly fucking miserable and I encounter people FAR HAPPIER than the average Merikin, who is ready to get into a fucking fight if Dick's sold out of the particular model of bicycle that little precious was supposed to get as an Xmas present.

Merikins project their unhappiness onto others.  They don't understand that there is more to life than running like a fucking hamster on a fucking wheel like the Red Queen to make some joobux for some semite to buy his teenage daughter a nose job or a bigger bar mitvah for his effeminate, neurotic son.

If you don't let your society get infested by this love of money, such that it pervades every aspect of your existence, you're intrinsically much happier.

Tue, 01/29/2013 - 09:36 | 3194468 brucyy
brucyy's picture


Tue, 01/29/2013 - 09:39 | 3194472 dollarcoaster
dollarcoaster's picture

What Are you talking about Tayler? Portugal is the nest of the most corrupt troglodytes europe has ever seeeen! BAnif is insolvent, the submarine scandal has put government on the hook for 34 million, with the german Ferrostaal, and nobody knows where the money went. Something is cooking to invent the need of a new airport, and all the accesses, including one more bridge, to /in Alcochete, leaving tax payers crucified with billions. Corruption perpetrated by organized troglodytes of the catacombs, continues to to suck the last drop of blood from the rest of the country!!! What is wrong with you Tayler? Where is your radar tuned to?

Tue, 01/29/2013 - 09:39 | 3194473 dollarcoaster
dollarcoaster's picture

What Are you talking about Tayler? Portugal is the nest of the most corrupt troglodytes europe has ever seeeen! BAnif is insolvent, the submarine scandal has put government on the hook for 34 million, with the german Ferrostaal, and nobody knows where the money went. Something is cooking to invent the need of a new airport, and all the accesses, including one more bridge, to /in Alcochete, leaving tax payers crucified with billions. Corruption perpetrated by organized troglodytes of the catacombs, continues to to suck the last drop of blood from the rest of the country!!! What is wrong with you Tayler? Where is your radar tuned to?

Tue, 01/29/2013 - 09:39 | 3194474 Aegelis
Aegelis's picture

If money is your source of misery, then count your blessings.  Thoughts and prayers to Somalia, Afghanistan, Sudan, etc.

Tue, 01/29/2013 - 09:46 | 3194485 Whiteshadowmovement
Whiteshadowmovement's picture

PS- just my $0.02 but I have lived/travelled in several places in the world and there are few people in the world that are happier/nicer/more hospitable than black Africans.

The most unfriendly (miserable) people I have ever encountered were In Dubai. Especially the guest workers there that get treated like scum. Try stopping someone to ask for directions in Dubai and see how it goes...

Dubai always makes me think of what it would be like if Hell decded to put a theme park modelled on an American shoppong mall.

Tue, 01/29/2013 - 09:47 | 3194503 Aegelis
Aegelis's picture

My concerns with troubled African countries are the genocide, rapings, militia-gangs and child soldiers amoung other problems.  If the people have hope and high spirits despite these things then they are truly remarkable.  I'm not sure I could feel the same way since I cannot even when I'm not there.

Tue, 01/29/2013 - 10:04 | 3194546 trav777
trav777's picture

africans are in most cases so dramatically different than African Americans that it blows the mind right outta the head.  Hell, they even move over on the roads if you want to go faster.

However, um...yeah.  They rob, murder, mutilate white people in Africa for being white.  There's been a genocide of farmers in RSA since apartheid fell, nevermind what happened in zimbo.  They are hospitable to a point just as lions are relatively pleasant during the day after a big meal.  You are advised by black guides not to wander around in their own countries.  Hell, they even roll their eyes at people like swedes who assume everywhere is safe just like this private game reserve is.

Dubai is a shithole...ugliest place I've ever been, bar none.  The khalifa is a ridiculous piece of engineering, utterly staggering, like Coruscant or something, but the place has no redeeming qualities whatsoever.  Dubai=meaning of life is SHOPPING for luxury western brands.  THAT is their hallmark, oh we have Hermes and LV and Chanel ALL in the SAME mall!!!  Wow whoopie shit look at us.

Fkin arab trash; vacuous, soulless, empty.  Materialism.  Yet people rave at it.

Tue, 01/29/2013 - 09:43 | 3194487 Volaille de Bresse
Volaille de Bresse's picture

"our culture is in FULL DECLINE"


Never knew you had a culture. A powerful entertainment industry yes you have but a culture...?

Tue, 01/29/2013 - 15:16 | 3195733 JungleJim
JungleJim's picture

Get out of NYC, WashDC, LA and the US is filled with culture. Africa, been there, done that, and yeah, lot's of nice people most of them poor as a church mouse, but ...

Tue, 01/29/2013 - 09:45 | 3194495 alfred b.
alfred b.'s picture


    ....and moreover, this is only a stepping-stone to a more dire existence!    'Watch out France...u next?



Tue, 01/29/2013 - 09:46 | 3194497 spankfish
spankfish's picture

Who da thunk that global banking would destroy countries and leave them at deaths door?  I guess Josey Wales was right... Buzzards gotta eat, same as worms.

Tue, 01/29/2013 - 09:47 | 3194499 Volaille de Bresse
Volaille de Bresse's picture

as fro "green" Spain, the heart of the land is one big fucking desert... Remember all the movies Sergio Leone shot there cos he couldn't afford to fly to Nevada or Texas? 


Plus those dumb Spaniards have planted tons and tons of GMO's so the land is fucked for decades... Well done!

Tue, 01/29/2013 - 10:16 | 3194580 Stuntgirl
Stuntgirl's picture

The exact places Sergio Leone shot at now provide massive amounts of fresh produce for Spain, France, and Germany, thanks to plastic hothouses. You can see the hothouse areas shining, from outer space. That in turn is accidentally reversing desertification of the south, as rain patterns are changing to an increase.

I agree with you on the GMOs, however, forests are growing back on their own, and I don't mean pine tree reforestation schemes, but native species repopulating all non agricultural areas.

I am in fact concerned that if we go the greek way, this new growth will get cut down to burn.

Tue, 01/29/2013 - 09:49 | 3194507 Fizzywig
Fizzywig's picture

The misery index sounds vaguley familiar.....

Federal Reserve dual mandate anyone?

Tue, 01/29/2013 - 10:57 | 3194725 Serfdom Highway
Serfdom Highway's picture

USA is #3 based on the Shadowstats figures.

Another Bronze for Team USA!

Tue, 01/29/2013 - 09:54 | 3194521 supafuckinmingster
supafuckinmingster's picture

The minute I saw Ireland, where I live, as the least miserable of all the countries on the chart, I knew the chart was utterly meaningless.


Ireland is a shit hole.

Tue, 01/29/2013 - 10:10 | 3194560 Shizzmoney
Shizzmoney's picture

Ireland is a shit hole

Yes, and most are coming here to find jobs, either illegally or legally

Young Irish stuggle in job market:

Tue, 01/29/2013 - 10:20 | 3194591 supafuckinmingster
supafuckinmingster's picture

Right on the money Shizzmoney. We are exporting our native young, all educated at great expense over many years, the children of Ireland, and replacing them by the thousand with the dregs of Africa, Asia and eastern Europe. People who don't speak English, have no loyalty to Ireland, and who, when there's enough of them will eventually start agitating for special rights from their self created ghettos.


This in a nutshell is the policy of the last couple of Irish governments.

Tue, 01/29/2013 - 11:32 | 3194665 sunnyside
sunnyside's picture

It may be a shithole, but there is something extraordinarily sexy about an Irish lass.  I don't know if it is the accent, or the confidence, or the slight promiscuousness that I have seen in most.  It works for me.

Tue, 01/29/2013 - 11:35 | 3194890 trav777
trav777's picture

i was trying to hit one in Spain of all places lol...they have whores' eyes

Tue, 01/29/2013 - 09:59 | 3194533 Joe A
Joe A's picture

But at least Spain is not Uganda....

Tue, 01/29/2013 - 10:13 | 3194571 machineh
machineh's picture

Big distortion in this Top Ten chart -- it uses Argentina's official inflation rate of around 10 percent from Indec.

But estimates of its true rate of inflation -- from private economists who release their work via opposition politicians, after several of them were fined $100,000 -- cluster around 24%.

Argentina lies so blatantly in its official statistics, that it's on the verge of being expelled from the IMF.

Use 24% inflation, and Argentina comes out NUMBER ONE ... campeones del mundo, baby!

Tue, 01/29/2013 - 10:25 | 3194614 Stuntgirl
Stuntgirl's picture

To be fair, the chart should be remade using the REAL numbers.

Argentina is not the only one bullshitting, but are they campeones at it?



Tue, 01/29/2013 - 11:38 | 3194891 machineh
machineh's picture

Probably so. The cumulative gap between 10% and 24% rates is enormous.

The official inflation index is up about 60% since the end of 2007, while the private index has TRIPLED:

Tourists can verify that taxi fares and restaurant bills have roughly tripled over that period, too.

Likely the G7 shave one percent or so off their inflation rates, but Argentina is in a league of its own.

Tue, 01/29/2013 - 10:23 | 3194600 Stuck on Zero
Stuck on Zero's picture

According to ShadowStats U.S. inflation is 6% and real unemployment is 23% yielding a real misery index of 29%.  That makes the U.S as miserable as Spain.


Tue, 01/29/2013 - 10:41 | 3194673 smacker
smacker's picture

As several other posters have rightly pointed out, the chart is based upon "official" levels of unemployment & consumer inflation.

When the true levels are used, the picture is very different.

Tue, 01/29/2013 - 11:03 | 3194746 gdiamond22
gdiamond22's picture

I was in Spain last year running with the bulls. Everyone was drunk and happy living of government paychecks - not sure where the misery was. Topless beaches were not miserable either.

Tue, 01/29/2013 - 11:25 | 3194850 Stuntgirl
Stuntgirl's picture

So, I can go to the US, to a strip club, then I can go see a rodeo, and like, make conclusions of what is happening in the economy? And make conclusions as to whether the strippers/rodeo participants are on ETB?

Tue, 01/29/2013 - 11:44 | 3194907 AgAu_man
AgAu_man's picture

Sometimes things just don't work out at all as expected:  AAPL, PM prices for ZH'ers, EU for Spain.  Spain was prosperous when they weren't saddled with the over-priced Euro or EU's Giga-regulations.  They can have it good again, but Portugal, Spain, Italy and Greece need to have their own currencies and freedom from the yoke of Brussels.  Maybe a Northern and a Southern Euro zone.

As an investor, this tells me that Spain & Portugal are good for cheap real estate.  You know... buy during doom & gloom or, better still (per the Rothschild philosophy) "when there's blood in the streets".  Then it's a real buyer's market.

Tue, 01/29/2013 - 12:48 | 3195161 s2man
s2man's picture

What? Belarus not on the list?  I thought they were going through hyperinflation right now...

Tue, 01/29/2013 - 15:04 | 3195676 pdizzle
pdizzle's picture

...or Honduras for that matter??  There public systems are shtutting down because they can' t pay their bills.  Crime is skyrocketing, etc, etc...  Given the choice I'd much rather live in Spain than Honduras...for now.

Tue, 01/29/2013 - 21:45 | 3197290 Notarocketscientist
Notarocketscientist's picture

If Spain was not getting cash from the EU it would be hell on earth. 

Just wait though...

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