Tuesday, May 26, 2020 | ePaper

BREAKING NEWS:

BD most expensive country to live in S Asia

  • Print
News Desk :
According to a report from CEOWORLD magazine, Bangladesh is the most expensive country in South Asia and Switzerland is officially the world's most expensive nation to live in.
Meanwhile, the Islamic Republic of Pakistan is the world's most affordable country to live in, followed by Afghanistan, India, Syria, Uzbekistan, Kyrgyzstan, and Tunisia, the report added.
European countries were prominent on the most expensive list. Of the top-twenty nations, nine were in Europe, five in Asia, one in North America, one in Africa, two in the Caribbean, and two in Oceania.
Norway ranks second in the list of the world's most expensive countries to live, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.
A little further down the list one will find the United States in the 20th position, the United Kingdom in 27th, Saudi Arabia in 57th, and Russia in 82nd.
CEOWORLD magazine's rankings are based on five major metrics-cost of living, rent, groceries, eating out and purchasing power.
To identify the world's most and least expensive countries to live in, CEOWORLD magazine collected and reviewed data from dozens of studies, numbers of consumer price index, cost of Living Index, and numerous national and international media reports.
These data are then compiled into an index, using the notoriously expensive city of New York City (NYC) as a benchmark. New York was given an index score of 100.
So a country with a score higher than 100 is more expensive than New York, while below signals less expensive. As a reference point, the average score for Germany was 65.26, making it the 29th most expensive country to live in.

More News For this Category

aCovid-19 Uncertainty looms over this year's hajj

Staff Reporter :Although millions of Muslims across the world, including those from Bangladesh, have eagerly been waiting to perform hajj in late July this year, uncertainty looms large over their

Thousands of devotees attend the Jumatul Wida, the last Friday of the holy month of Ramadan, prayers at Baitul Mukarram National Mosque in the capital, seeking divine blessings for peace and progress of Bangladesh and unity of the Muslim Ummah.

Thousands of devotees attend the Jumatul Wida, the last Friday of the holy month of Ramadan, prayers at Baitul Mukarram National Mosque in the capital, seeking divine blessings for peace and progress of Bangladesh and unity of the Muslim Ummah.

Eid congregations in mosques only, not open spaces: DMP

Staff Reporter :The Dhaka Metropolitan Police (DMP) on Friday issued a 14-point instruction, signed by DMP Commissioner Shafiqul Islam, for devotees and mosque committees for observing the occasion of Eid-ul-Fitr

ADB approves corporate financial issues over virtual meeting

The Board of Governors of the Asian Development Bank (ADB) on Friday approved its financial statements and allocation of its 2019 net income in its first-ever virtual annual meeting held

Work together to preserve biodiversity: UN Chief

UN Secretary-General Antonio Guterres has urged all to work together to preserve biodiversity and help achieve Sustainable Development Goals (SDGs)."As we seek to build back better from the current crisis,

Momen blasts aid agencies for opposition to Bhasan Char

In a stinging rebuke, Foreign Minister AK Abdul Momen on Friday said the opposition of foreign aid agencies to the government's scheme of relocating the Rohingya refugee population to Bhasan

Hasina phones Mamata, enquires about losses caused by Amphan

Prime Minister Sheikh Hasina on Friday phoned West Bengal Chief Minister Mamata Banerjee and enquired about the damages caused by cyclone Amphan."The Prime Minister phoned the West Bengal Chief Minister

National Moon Sighting Committee meets Saturday

The National Moon Sighting Committee will meet on Saturday evening to decide the date of Eid-ul-Fitr, the biggest religious festival of Muslims.The Islamic Foundation issued a press release in this

'Murder accused' killed in Gazipur 'gunfight'

UNB, Gazipur:An accused in a murder case was killed in a reported gunfight with members of Rapid Action Battalion (RAB) near the Madhumita Railgate area in Tongi on Thursday night.The

Abu Ahmed Mannafi, Dhaka South City unit President of Bangladesh Awami League, distributing Prime Minister's gift packets among the people hit hard by coronavirus shutdown at Sher-E-Bangla Railway School in Kamlapur, Dhaka on Friday. Mazharul Islam Sentu, President of Kamlapur Mosque was also present.

Abu Ahmed Mannafi, Dhaka South City unit President of Bangladesh Awami League, distributing Prime Minister's gift packets among the people hit hard by coronavirus shutdown at Sher-E-Bangla Railway School in Kamlapur, Dhaka on Friday. Mazharul Islam Sentu, President of Kamlapur Mosque was also present.