As Poslovni Dnevnik writes on the 5th of February, 2020, the world business magazine for corporate executives, CEOWORLD, compiled a list of the most expensive countries to live in. They analysed 132 countries worldwide, including Croatia, and measured the cost of goods, including groceries, clothing, taxi prices, utilities, internet, transportation and restaurants.
According to 24sata, Switzerland was declared the most expensive country in the world, Norway is the second most expensive and Iceland is the third.
Croatia took 53rd place, Bosnia and Herzegovina took 96th place and Serbia took 98th place. Croatia’s neighbour to the north, Slovenia, took 47th place, while Austria took 21st place and Italy took 28th place.
Denmark and Luxembourg were also placed in the European ”heavy ten”, along with Japan, the Bahamas, Israel, Singapore and South Korea outside of Europe. The US ranks 20th on the list compiled by the business magazine CEOWORLD, and coming back to Europe, the United Kingdom is seven places lower in 27th place.
In addition to being the overall leader, Switzerland is ranked the most expensive country for food and restaurant prices. This Alpine country is also highly ranked in the Big Mac Index, which measures the price of McDonald’s products worldwide. A Big Mac costs 6.50 Swiss francs (45 kuna), while in Croatia it costs 22 kuna.
Japan ranks fourth on the overall list, as the most expensive country outside Europe. East Asian countries are rated far cheaper than European countries in the rental and restaurant categories. Hong Kong is rated as the most expensive rental market in the world.
Pakistan is the cheapest of the 132 countries, mainly because of the very cheap rental price. Food is the cheapest in Afghanistan, followed by Pakistan, Uzbekistan and Syria which has devastated by the war. According to the table, the lowest prices for restaurants in the world can be found in Tunisia, followed by Algeria. Pakistan, India and Afghanistan, which were also among the cheapest in the restaurant price index.
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