A new study has revealed that Switzerland is officially the most expensive country in the world. The cost of living in Switzerland is the highest of anywhere in the world.
Switzerland was followed by Norway, Iceland, Japan, and Denmark in the top 5 most expensive places to live. The Bahamas, Luxembourg, Israel, Singapore, and South Korea were among the top 10.
The ranking was put together by the CEO World Magazine. Rent accounts, groceries, purchasing power, restaurants, and the cost of living in 132 countries around the world were taken into account.
In the top 20 spots, European countries were prominently featured along with countries in Asia and the Caribbean.
Switzerland ranked first in the overall list as well as in individual metrics, ended up making the cost of living really high.
The expense of groceries in Switzerland is higher than any other country in the world, followed by South Korea. You may wish to avoid doing groceries in Switzerland but if you are looking for dining out, it will be even more costly.
The only positive side is the national purchasing power in Switzerland which tops the list and it clearly explains why people there love to travel around the world.
It is more fruitful in some other places with an excellent purchasing power of the Swiss, slightly worn by high prices locally.