Bangladesh most expensive country to live in South Asia

[Black_cats]

Bangladesh most expensive country to live in South Asia
Tribune Desk

• Published at 04:52 pm February 17th, 2020

Stacks of Bangladeshi takaMehedi Hasan/ Dhaka Tribune


The Islamic Republic of Pakistan is the world’s most affordable country to live in

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.

Top 10 countries with highest living cost

Sl

Countries

1

Switzerland

2

Norway

3

Iceland

4

Japan

5

Denmark

6

Bahamas

7

Luxembourg

8

Israel

9

Singapore

10

South Korea


South Asian countries ranked in the list of world's most expensive nation to live in

Countries

Rank

Bangladesh

110

Sri Lanka

112

Nepal

122

India

130

Afghanistan

131

Pakistan

132

https://www.dhakatribune.com/bangla...-most-expensive-country-to-live-in-south-asia

 

[UKBengali]

Not surprised as BD is so small and hence land and food prices would be a little higher than elsewhere in the region.

 

[Homo Sapiens]

Not surprised as BD is so small and hence land and food prices would be a little higher than elsewhere in the region.

Food price are comparable or slightly cheaper in Bangladesh. The difference comes mostly from 'Western expat lifestyle'. Things like personal car, taxi fair, bar bill, imported chocolate, cigarette, foreign chain products, fitness club these are expensive in BD. Calculating cost of living, these things occupy prominence in any international ranking. Food, cloths restuarants meals, house rent, groceries, utility bills, education costs are cheaper in Bangladesh.

It can not be denied that, Bangladesh as a country, not particularly attractive for foreigners(read western) to live even compared to India or Pakistan. For example, wine, cigarette are more than twice expensive in Bangladesh(most expensive south Asian country) compared to Pakistan(cheapest south Asian country). A Volkswagen cost 3 times more in Bangladesh than Pakistan. Imagine an expat want to buy a personal car in Bangladesh! what his cost of living would be in Bangladesh compared to Pakistan? On the other hands, Foods, clothing, housing, utility bills, education expenses are similar or cheaper in Bangladesh than Pakistan.
https://www.numbeo.com/cost-of-livi...ty1=Islamabad&country2=Bangladesh&city2=Dhaka

 

[Michael Corleone]

Not surprised as BD is so small and hence land and food prices would be a little higher than elsewhere in the region.

That’s a bad excuse, Sri lanky is much smaller but hardly much expensive than bd, same goes with Maldives. Last time an article here read the cost of living in Paris and bs is the same... and for what you get, quality of life.... pretty poor tbh

 

[UKBengali]

That’s a bad excuse, Sri lanky is much smaller but hardly much expensive than bd, same goes with Maldives. Last time an article here read the cost of living in Paris and bs is the same... and for what you get, quality of life.... pretty poor tbh

I meant population density.
BD is the highest in the region.