According to recent statistics, Bermuda currently has the highest cost of living in the world. Second and third on the list again for European countries, Norway and Iceland. The statistics rank 138 countries, Hungary is the 74th most expensive. Behind Slovakia, Croatia, Slovenia and Austria, again in front of Romania, Serbia and Ukraine.
Life in Bermuda is currently the most expensive in the world – that is revealed from Numbeo’s current cost-of-living index for 2021. The index is published periodically, several times a year, and it is emphasized that the data always show a snapshot of the conditions just experienced.
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The most expensive country is therefore Bermuda according to recent statistics, but the second is already Switzerland, which topped the list for years. So Europe is the state with the second most expensive life in the world. And it’s not just second-place Europeans, there’s plenty to find among the top 10 most expensive countries in the world to replace those on our continent. Immediately, for example, Norway is in third place on the podium, and even Iceland is in fourth place, and Denmark is the fifth most expensive, and Luxembourg is in sixth place.
All this also means why 5 (!) Of the 10 most expensive countries in the world, i.e. half of the list, are usurped by European countries.
They were joined by countries from sixth to tenth, such as Japan, Israel, the Bahamas and Singapore. This was followed by another ten to fifteenth place among Australia, Ireland, Barbados, South Korea, or France. So all this means that there are a total of 7 in Europe among the 15 most expensive countries in the world, so almost half of the list came from the old continent.
The aggregate list includes 138 countries and, as shown in the graph, Hungary ranks 74th overall. In other words, our country is almost completely in the middle in terms of living costs, compared to the countries of the land. The list includes many countries in the immediate vicinity of Hungary, such as Nicaragua or Cameroon. Of our immediate border neighbors, Romania, Serbia and Ukraine are behind us, but Slovakia, for example, is already ahead of us. Well, not long before, they’re the 67th most expensive. Croatia is 42nd on the composite list, Slovenia 38th and Austria 24th.
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It was interesting to know that Poland, on the other hand, finished in 78th place, which means that life there, if not much, is a bit cheaper than in Hungary. At the very end of the list is Pakistan, with an index of only 21.59, preceded by Libya and Kyrgyzstan. But India and Afghanistan are not far behind the three cheapest countries either.
How much does this show prosperity?
As we browse through the list of countries on the list, we can see how wealthier one country is, the more expensive life there is. However, it is shocking that we don’t have to travel much west from Hungary to find the most expensive countries in the world. So when planning a holiday, it may be worthwhile to browse the cost index of destinations, not to mention whether a foreigner wants to rate salaries as good or bad in parallel, depending on how much of that money we can buy and how well we can make a living from it.