This article is about ten most expensive countries of the world. In this article we will tell you about their main focus points. The reason why these are considered to be the most expensive. When we think of expensive countries United States, turkey and many more comes to our mind. But they are not even in our top ten list of expensive ones. We have ranked on the basis of average consumer goods price of every country. they are considered expensive because of highest cost of living. Cost of living is measured by taking the base 100. The difference will tell you about the living expenses. This is the modern era. Cost of living expenses in cheapest country are difficult by every one to bear. People living in such expensive countries have to spend some handsome amount from their wallets to live in. they are also enjoying the highest quality of life with respect to education, wages paid etc. They are well populated countries and have high gross domestic product rate. Following are the countries in which cost of living is very high that it is not possible by everyone to bear it.
10. UNITED KINGDOM:
Everyone is familiar with this country. It is also known as Britain that is a sovereign state in Europe. Capital of Britain is London. Minimum wage per month is 1301.31 Euro. The living cost of Britain is 92.19 that is measured against base 100. The official language or national language spoken by them is English. But have many more regional languages like Irish, Scottish, and Welsh. Many ethnic groups live in United Kingdom. Those ethnic groups consist of White, Black, Asian, Mixed and others. According to an estimate Britain total population is composed of 64,100,000. It is also known as 22nd most populated country of the world. Its currency is in pounds. That is also one of the most expensive currency on the spot. Currently one pound is equal to one fifty five (155) Pakistani rupee. According to the GDP (purchasing power parity) it is ranked eighth with $2.378 trillion.
We have ranked it at number 9th in our list. The cost of living that is 92.97 measured against the base 100. It is an Arab country situated in Western Asia. Iraq and Saudi Arabia are located at its border. Kuwait city is its capital. And Dinar is its currency. One dinar is equal to 11.70 Pakistani rupee. Arabic is spoken as their official language. In 1752 it gained independence from the Emirate of Al HASA. It have partly free media. According to an estimate its total population consists of 4044500. According to gross domestic product (purchase power parity) it is ranked 68th by $ 155.063 billion.
It is a sovereign city state that is known as the republic of Singapore. According to the cost of living expenses we have ranked it 8th in our list. Its living cost is 93.61. Its currency is Singapore dollar. They speak many languages like Tamil, English, Malay and standard Mandarin. Its gross domestic product (power purchase parity) is $425.251 billion. Singapore is known for having the highest per capita income in the world. During the Second World War it gained independence from the United Kingdom. It is composed of sixty three (63) islands. Buddhism is their religion but the second highest community consist of Christians. Christianity is the second highest practiced religion in Singapore. It consist of 14 percent Muslim and 5 percent Hindu community.
7. NEW ZEALAND:
It is the 7th most expensive country in the world. It consist of 93.71 cost of living expenses. It is situated in the north western Pacific Ocean. This island country capital is wellington. Its currency is New Zealand dollar. Oceania is its continent. Auckland is its largest city. It have three official languages English, Maori and New Zealand sign language. English is the most spoken language in New Zealand. Many ethnic groups are present in New Zealand like Asian, pacific people, Latin American, African, Maori and European. The most practiced religion in New Zealand is Christianity. According to an estimate its total population consists of 4509,900. $122.293 billion is the gross domestic product (purchase power parity) of New Zealand in 2014.
We have ranked Australia 6th most expensive country because of 99.32 living expenses. Australia is also known as colloquially. It is an Oceanian country that is officially known as commonwealth of Australia. Canberra is the capital of Australia and Sydney is the largest city. Its currency is Australian dollar. It is the 51st largest country by population. According to an estimate it total population consists of 23747700. Its gross domestic product (power purchase parity) is $1.100 trillion. Australia’s national language is English.
We have given it 5th position among the expensive countries. It have one of the highest cost of living expenses. 100.60 is their cost of living expenses against the base 100. This country is present in the northern Europe. It is situated at southwest of Sweden and at south of Norway. It shares border with Germany to the south. Denmark capital Is Copenhagen. Its currency is Danish Krone. Danish is the official language spoken in Denmark. Its total population is composed of 5.614 million. According to an estimate in 2014 its gross domestic product (power purchase parity) is $248.683 billion. Evangelical Lutheranism is the religion of the Denmark people. Muslim is the second largest community present in Denmark that consist of 3 percent.
The 4th most expensive country cost of living expenses are 102.14. People have to pay a lot for the quality living in Iceland. Reykjavik is the largest city of the Iceland. It is also the capital of Iceland. Evangelical Lutheranism (church of Iceland) is their religion. 1.5 percent of their community consist of Non-Christian community. According to an estimate in 2014 the total population of Iceland consist of 325671. According to an estimate in 2015 their gross domestic product (purchase power parity) is $14.488 billion. And their nominal GDP is $17.216 billion. Total area of the Iceland consist of 103001 km2. The currency of Iceland is Icelandic krona.
Its cost of living expenses are 111.01. Bolivarian republic of Venezuela is situated at northern coast of South America. Caracas is the largest city and capital of Venezuela. It consist of many ethnic groups that includes White, Black, Mestizo and others. According to an estimate in 2014 its total population consists of 30206307. Its gross domestic product (power purchase parity) is $545.704 billion and nominal GDP consist of $209.226 billion. Bolivar Fuertes is the currency of the Venezuelan. Many languages are spoken in Venezuela like Spanish, Arabic and English is widely spoken by them. It consists of 92 percent Roman Catholic, while the other 8 percent are Protestants.
It is the 2nd most expensive country of the world according to the cost of living expenses. The cost of living expenses people have to bear is 118.59. This cost of living expenses are measure against the base 100.. Its capital is Oslo. Its currency is Norwegian krone. Mostly three languages are spoken in Norway like Norwegian, Nynorsk and Bokmal. Kevin and Romani is also widely spoken in Norway. There are many ethnic groups present in Norway. Those groups are kvens, Romani, Sami, Jews, Norwegians and modern immigrants. According to 2013 census its total population consists of 5136700. Its gross domestic product (power purchase parity) is $353.230 billion.
This is known as the most expensive country of the world.it is ranked as number one in our list. The cost of living expensive people incurred are 126.03. The Swiss Confederation (federal parliamentary republic) consist of twenty six cantons. Its currency is Swiss franc. According to an estimate in 2013 its population is 8.081 million. Four languages are officially spoken in Switzerland. German, French, Romansh and Italian are the languages that are widely spoken in Switzerland. Zurich is the largest city of Switzerland. According to an estimate in 2014 its gross domestic product (power purchase parity) is $444.702 billion. There is no official religion practiced in Switzerland. There are many Catholic churches and Swiss reformed church. Christianity is the dominant religion in Switzerland.
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The above mentioned are the most expensive countries in the world. We have ranked them according to the highest cost of living. Switzerland have highest cost of living. That’s why we have ranked it as number one in our list. People living in such countries have to spend handsome sum of money to facilitate themselves with quality of life. They are also having a large number of population. They have the high gross domestic product rate. In these countries citizens are taken great care of who are not rich. So these were the most expensive countries one would have to pay for to live in.