by It will come as little surprise to many that Switzerland has been ranked the world’s most expensive country. © Marekusz | Dreamstime.comPut together by the magazine CEO World, the ranking pulls cost of living data on accommodation, clothing, taxi fares, utilities, internet, groceries, transport, and dining out, from a number of other studies. Norway ranks second, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea. The United States (20th), United Kingdom (27th), Saudi Arabia (57th), and Russia (82nd) are well down the list. The most affordable countries were Pakistan, Afghanistan, India, Syria, Uzbekistan, Kyrgyzstan, and Tunisia. Overall, Switzerland is 22.4% more expensive than New York City, the base location. The most
Topics:
Investec considers the following as important: Business & Economy, Editor's Choice, Personal finance, Switzerland most expensive country in 2020
This could be interesting, too:
Investec writes End of lifelong widows’ pensions moves closer to reality
Investec writes Swiss government deficit shrinks further
Investec writes Swiss government wants to invest more in bomb shelters
Investec writes Children most affected by poverty in Switzerland and need more assistance, says report
It will come as little surprise to many that Switzerland has been ranked the world’s most expensive country.
Put together by the magazine CEO World, the ranking pulls cost of living data on accommodation, clothing, taxi fares, utilities, internet, groceries, transport, and dining out, from a number of other studies.
Norway ranks second, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea. The United States (20th), United Kingdom (27th), Saudi Arabia (57th), and Russia (82nd) are well down the list.
The most affordable countries were Pakistan, Afghanistan, India, Syria, Uzbekistan, Kyrgyzstan, and Tunisia.
Overall, Switzerland is 22.4% more expensive than New York City, the base location. The most wallet-busting aspects of life in Switzerland are groceries (+20.3%) and dining out (+23.0%). On rent Switzerland was significantly cheaper than Hong Kong, Singapore and Luxembourg. But still pricey.
More on this:
Ranking article (in English)
For more stories like this on Switzerland follow us on Facebook and Twitter.