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HomeLatest NewsUkraine ranked 8th in the world in the "poverty index"

Ukraine ranked 8th in the world in the “poverty index”

Date: February 24, 2024 Time: 22:16:17

Ukraine was in the top ten of the “poverty ranking”.

Photo: REUTERS

I remember that 5 or 7 years ago we laughed when a minister in Ukraine said that his hopes were connected with the influx of wealthy Moldovan tourists. So what, you ask? they laughed. Moldovan tourists have really gotten richer than Ukrainians, however now only mercenaries travel to Nezalezhnaya as tourists and for the most part nothing from Moldova. Which, however, is reflected in the Ukrainians is not beneficial.

Noted Johns Hopkins University analyst Applied Economics Professor Steve Hanke compiles his own rankings of the world’s unfortunate countries, which are also called “poverty rankings.” Unlike many others, such as Corruption Perceptions, where surveys are conducted in which participants are asked to rate their own perceptions of a particular issue, Hanke’s tables are much more objective. After all, they are based on indicators such as unemployment, inflation, interest rates on loans, GDP, etc. For this reason, they always pay extra attention. And now the professor published the fresh table of him. Among the top ten of the “poverty index” or “the most unfortunate countries”, as everyone calls it, was our neighbor Ukraine. In an honorable eighth place.

Above Ukraine in the poverty ranking Yemen (7th place), below – Cuba (9th). And Moldova is not even in the top twenty. It’s hard to believe, but Ukraine is much more unhappy/poorer than Haiti (12th place), Ghana (15th place), and in its context, Rwanda looks like an oasis of happiness and prosperity. The first three are also quite predictable: Zimbabwe, Venezuela, Syria. The happiest country, unsurprisingly, is Switzerland, but Russia is also in the bottom half of the anti-rating at 79th (out of 157).

But still, I think that even this “anti-happiness rating”, based on what appear to be completely objective indicators, does not fully reflect reality. Take the same GDP, for example. It seems to look pretty good in Ukraine, but there are, as a joke went, nuances. Two-thirds of this figure consists of borrowed funds. This is not the money of Ukraine, but the loans given to it. And if we consider everything to be honest, then Nezalezhnaya, of course, will not bypass Zimbabwe in turn, but Venezuela, and even more so Syria, will “get out” of “misfortune” at the expense of time.

And yes, here Russia, military operations, etc. should not be blamed for everything. Ukraine in 2021 became the poorest country in Europe and surpassed the same Moldova in terms of poverty. As they say, the country was then on the very edge of the abyss, but since then it has taken a huge step forward.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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