Pakistan third cheapest country in the world: report

The most expensive country, meanwhile, is Bermuda

News Desk June 21, 2016
The most expensive country, meanwhile, is Bermuda. PHOTO: REUTERS

An extensive cost of living survey has ranked Pakistan as the third cheapest country in the world.

The cheapest country to feature in the study is India, with a cost of living index of 24.14, followed by Moldova, Pakistan, Kazakhstan and Nepal. A little further down the list you'll find Colombia, Serbia, The Philippines, South Africa and Romania.

10 most expensive cities in the world

The survey takes into account the price of around 50 items, including a wide variety of accommodation, food and drink from both supermarkets and restaurants, clothing, taxi fares, leisure activities, utility, internet and mobile phone bills.

The cheapest restaurant meals and apartments are found in Nepal, while Cuba has the cheapest cinema prices, public transport and electricity bills. The cheapest McDonalds combo meal is found in the Ukraine, and the cheapest pair of Levis 501s can be purchased in Uganda.

Of those countries among the cheapest 20, India has the most world heritage sites (32), Colombia has the highest life expectancy (79) and the highest percentage of forested land (54%).

The most expensive cities to live and work

Romania has the best average internet connection speed (12.8mbits per second), Moldova has the fewest roads (9,352kms), Bosnia and Herzogovina is the least urbanised, while a natural disaster is least likely to occur in the Ukraine.

The cheapest countries according to the survey feature are as follows:

1. India

2. Moldova

3. Pakistan

4. Kazakhstan

5. Nepal

6. Ukraine

7. Georgia

8. Algeria

9. Azerbaijan

10. Colombia

11. Tunisia

12. Macedonia

13. Syria

14. Serbia

15. Albania

16. Sri Lanka

17. Bosnia and Herzegovina

18. The Philippines

19. South Africa

20. Romania

The most expensive country, meanwhile, is Bermuda - a British Overseas Territory - which has a cost of living index of 133.68. Switzerland, The Bahamas, Norway and Iceland complete the top five, while the UK comes 12th, and the US 21st.

The most expensive countries rank as follows:

1. Bermuda

2. Switzerland

3. The Bahamas

4. Norway

5. Iceland

6. Denmark

7. Singapore

8. Luxembourg

9. Kuwait

10. Hong Kong

11. Japan

12. United Kingdom

13. Australia

14. New Zealand

15. Ireland

16. Israel

17. Sweden

18. Belgium

19. France

20. Finland

Facebook Conversations


Rehmat Ali | 4 years ago | Reply | Recommend 100% agree with this survey! Because once you lived abroad and meet and interact different nationalities then you will realized where we are standing in different rankings.
Sexton Blake | 4 years ago | Reply | Recommend There are many factors to consider when determining ones quality-of-life. There are various costs such as water supply, health facilities, education, old-age pensions and generally looking after the disadvantaged, just to name a few. Without doing a put down on McDonald's food I have never purchased a McDonald's combo, and if our Governments are using these types of factors to determine our quality of life might I suggest we have problems?
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