Pakistan is the world’s most affordable country to live in
According to a report from CEOWORLD magazine, Bangladesh is the most expensive country in South Asia and Switzerland is officially the world's most expensive nation to live in.
Meanwhile, Pakistan is the world’s most affordable country to live in, followed by Afghanistan, India, Syria, Uzbekistan, Kyrgyzstan, and Tunisia, the report added.
European countries were prominent on the most expensive list. Of the top-twenty nations, nine were in Europe, five in Asia, one in North America, one in Africa, two in the Caribbean, and two in Oceania.
Norway ranks second in the list of the world’s most expensive countries to live, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.
A little further down the list one will find the United States in the 20th position, the United Kingdom in 27th, Saudi Arabia in 57th, and Russia in 82nd.
CEOWORLD magazine's rankings are based on five major metrics -- cost of living, rent, groceries, eating out and purchasing power.
To identify the world’s most and least expensive countries to live in, CEOWORLD magazine collected and reviewed data from dozens of studies, numbers of consumer price index, cost of Living Index, and numerous national and international media reports.
These data are then compiled into an index, using the notoriously expensive city of New York City (NYC) as a benchmark. New York was given an index score of 100.
So a country with a score higher than 100 is more expensive than New York, while below signals less expensive. As a reference point, the average score for Germany was 65.26, making it the 29th most expensive country to live in.
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