BRUSSELS- According to the latest Worldwide Cost of Living report from the Economist Intelligence Unit (EIU) report Singapore has been named the most expensive city in the world.
In 2017 the the top 10 list was filled by mostly Asian countries, now only five of the priciest places in the report are found in Europe, with Paris and Zurich joint-second. Oslo, Geneva and Copenhagen were fifth, joint-sixth and eighth, respectively.
The fourth most expensive city is Hong Kong while Seoul (joint-sixth), Tel Aviv (ninth) and Sydney (10th) are also included in the list.
Here is the full list:
The survey was conducted to help create compensation packages for expatriates and those travelling for business, measure the cost of living in 133 major cities, including comparing more than 400 individual prices across 160 products and services.
The survey found that Singapore most expensive to buy and to ran a car, they also found the average price for one bottle of wine ($23.68) is much more than in most other cities, including those within the top 10. Only Seoul ($26.54) and Tel Aviv ($28.77) were found to be more expensive.
Seoul, Hong Kong and Tokyo, were found to be the most expensive places in the world to buy staple goods.
And cheapest countries in the world:
Photo Credits- EIU and Luxurylaunches.com