The misery index is the sum of the unemployment rate, the lending rate, and the inflation rate minus the percent change in real GDP per capita of a country.
In 2023, Argentina was the Latin American country with the highest misery index score of 321.8 points. Venezuela ranked second with around 276.3 points. During that same year, both countries also led the inflation ranking in Latin America.
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Cato Institute. (March 18, 2024). Misery index ranking for the most miserable countries in Latin America 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1386159/most-miserable-countries-in-latin-america/
Cato Institute. "Misery index ranking for the most miserable countries in Latin America 2023." Chart. March 18, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1386159/most-miserable-countries-in-latin-america/
Cato Institute. (2024). Misery index ranking for the most miserable countries in Latin America 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1386159/most-miserable-countries-in-latin-america/
Cato Institute. "Misery Index Ranking for The Most Miserable Countries in Latin America 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 18 Mar 2024, /statistics/1386159/most-miserable-countries-in-latin-america/
Cato Institute, Misery index ranking for the most miserable countries in Latin America 2023 ÌÇÐÄÆƽâ°æ, /statistics/1386159/most-miserable-countries-in-latin-america/ (last visited July 25, 2026)
Misery index ranking for the most miserable countries in Latin America 2023 [Graph], Cato Institute, March 18, 2024. [Online]. Available: /statistics/1386159/most-miserable-countries-in-latin-america/
