Which is the most expensive country in the world

The 10 most expensive countries in the world

If you are thinking about emigrating or planning your next vacation, you should know the price level of the destination country in order to be able to plan financially.

The Numbeo database collects the cost of living costs around the world based on user input and uses this information for rent, electricity, heating, water, groceries, dining out, gasoline and internet access to determine which are the 10 most expensive countries in the world.

For this, the price level in New York was given the value 100 and all other countries were measured by it. After Switzerland topped the ranking in 2015, a small island nation made it to number 1 in the Caribbean in 2016 and stayed there in 2017. The preliminary results for2018 released. For a better comparison: Germany has a value of 52.51 in the Numbeo ranking 2018 and is in 26th place of all countries.

These are the 10 most expensive countries in the world:

10. Denmark (65.96)

In 2017 Denmark was only 13th, but in 2018 the cost of living in this country appears to have increased. What is surprising is that a family of four from Copenhagen spends € 3056 (excluding rent) a month, which is more than in some countries that are even higher on this list.

9. Ireland (66.98)

Even if Ireland is only in 9th place, it is already an expensive country. It takes a total of € 2,809 per month (excluding rent) to support a family of four in Dublin.

8. Bahamas (69.16)

Tourists driving prices up and the need to import goods from the mainland make the Bahamas one of the most expensive countries in the world.

7. Norway (78.57)

Norway is one of six European countries that are among the most expensive countries in the world. The per capita income is high and so is the standard of living, which is reflected in the general price level.

6. Luxembourg (78.87)

Little Luxembourg is one of the largest financial centers in Europe and one of the most expensive countries in the world. A Luxembourger earns an average of 2.5 times as much as the average European, which explains the high price level on site.

5. Hong Kong (79.12)

The economy in Hong Kong is flourishing, the gross domestic product grew by 2.37% in 2015, by 1.95% in 2016 and in 2017 the estimated growth is 2.38%. A family of four in Hong Kong can expect living expenses excluding rent of around € 2,753 per month.

4. Singapore (81.99)

Singapore is an interface between Asia and Western countries and the cost of living is high in the progressive and economically strong country that has made the leap from emerging to industrialized. Living in Singapore costs a family of four a month € 2,182 excluding rent.

3. Iceland (90.52)

Iceland has to import a lot of goods because little grows and little is produced in the country itself. This drives prices up and makes Iceland an expensive destination.

2. Switzerland (93.99)

Switzerland still led the ranking in 2015, but was only the second most expensive country in the world in 2016 and 2017. It is considered one of the countries with the highest quality of life in the world and is economically strong and prosperous. Debt is falling, the unemployment rate and the per capita income of the Swiss are rising constantly. In the Swiss capital Bern, a family of four can expect average monthly living costs of around € 4,239 excluding rent.

1. Bermuda (123.57)

The British overseas territory of Bermuda, which is around 1,000 kilometers off the US east coast, is the most expensive country in the world. The cost of living there is almost a third higher than in New York, which is partly due to the fact that almost everything has to be imported. In return for the high cost of living, Bermuda has almost zero unemployment and no VAT or income tax, which is one of the reasons for the high price level.

In addition, nowhere else will you find so many millionaires in such a small space as in Bermuda. In addition, there are numerous mailbox companies in the country with a lot of money behind them. A family of four in Hamilton, the capital of Bermuda, can expect an average monthly cost of around € 4,758 for their living expenses, excluding rent.

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