Venezuela ranks second in the world for having the highest inflation rate combined with the highest unemployment rate.
According to the “Misery Index” published by British magazine, “The Economist”, the only country worse than Venezuela as defined by these indicators, is Macedonia.
The report used data from the past 12 months, which shows that Venezuela has an inflation rate of 27.6% and an unemployment rate of almost 10%.
Despite having the third largest petroleum reserves in the world, the country has had a prolonged economic crisis in which currency value has fallen and foreign investment is minimal.
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