When it comes to the happiest places to live and work, Thailand takes the lead with Switzerland and Iceland not far behind. Along with Singapore and Japan, they make up the five “happiest” economies according to this year’s Bloomberg Misery Index.

The indicator of ‘misery’, introduced by economist Arthur Okun in 1980, is based on a simple formula by adding inflation to the unemployment rate.

The data compiled by Bloomberg reveals that with a score of 1.11 percent the ‘Land of Smiles’ is the least miserable among the 74 economies surveyed.

Full story: rt.com