Most expensive countries in the world

10 most expensive countries in the world [2021]

The world is full of beauty. The beauty depends on the eye of a watcher. Everything has its good and bad site. When the number of pros throws out cons then almost everyone considers it as Superior to others. Among the many choices, many have the choice of living or roaming in an expensive country. Some have a passion for roaming around the world and some have the passion for visiting only inexpensive countries.

If we want to live permanently in a country we must consider the cost of living in that country or the rent index. The cost living index and the rent index tell how expensive to live in a country. Here we will provide the list of the 10 most expensive countries in the world.

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Most expensive countries in the world.

#10. Singapore

Cost of Living index: 85.59

Rent Index: 64.77

Capital: Singapore

Population (2021): 5,896,686

Singapore, one of the most expensive country in the world

Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. The country’s territory is composed of one main island, 63 satellite islands and islets, and one outlying islet.  English is the language of instruction in all public schools, and, Buddhism is the most widely practiced religion in Singapore.

Singapore is the world’s 3rd-largest foreign exchange center, 6th-largest financial center, 2nd-largest casino gambling market, and largest logistics hub.

Singapore has a tropical rainforest climate with no distinctive seasons, uniform temperature and pressure, high humidity, and abundant rainfall, temperatures usually range from 23 to 32 °C (73 to 90 °F).

Singapore is a parliamentary republic based on the Westminster system. The prime minister is the head of government and is appointed by the president as the person most likely to command the confidence of a majority of Parliament.

#9. Bahamas

Cost of Living index: 85.85

Rent Index: 64.77

Capital: Nassau

Population (2021): 396,913

Bahamas

The Bahamas officially the Commonwealth of The Bahamas, is a country within the Lucayan Archipelago of the West Indies in the Atlantic. The islands’ population is predominantly Christian.

The official language of The Bahamas is English. Many people speak an English-based creole language called the Bahamian dialect.

The Bahamas relies heavily on tourism to generate most of its economic activity.

The prime minister is the head of government and is the leader of the party with the most seats in the House of Assembly. Executive power is exercised by the Cabinet, selected by the prime minister, and drawn from his supporters in the House of Assembly.

#8. Israel

Cost of Living index: 86.63

Rent Index: 31.90

Capital: Jerusalem

Population (2021): 9,355,340

israel

Israel officially known as the State of Israel is a country in Western Asia. Israel is considered the most advanced country in Western Asia and the Middle East in economic and industrial development.

Temperatures in Israel vary widely, especially during the winter. Coastal areas, such as those of Tel Aviv and Haifa, have a typical Mediterranean climate with cool, rainy winters and long, hot summers. Israel has a school life expectancy of 16 years and a literacy rate of 97.8%.

Israel is governed by a 120-member parliament, known as the Knesset. Membership of the Knesset is based on the proportional representation of political parties.

#7. Japan

Cost of Living index: 87.77

Rent Index: 28.03

Capital: Tokyo

Population (2021): 126,050,804

Japan, one of the most expensive country in the world

Japan is an island country in East Asia, located in the northwest Pacific Ocean. Japan is the eleventh most populous country in the world, as well as one of the most densely populated and urbanized.

Japan is the third-largest national economy in the world, after the United States and China, in terms of nominal GDP, and the fourth largest national economy in the world, after the United States, China, and India, in terms of purchasing power parity as of 2019.

The climate of Japan is predominantly temperate but varies greatly from north to south.

Japan is a unitary state and constitutional monarchy in which the power of the Emperor is limited to a ceremonial role. Executive power is instead wielded by the Prime Minister of Japan and his Cabinet, whose sovereignty is vested in the Japanese people.

#6. Luxembourg

Cost of Living index: 88.28

Rent Index: 61.62

Capital: Luxembourg City

Population (2021): 634,814

Luxemburg

Luxembourg officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe.  The city of Luxembourg, which is the country’s capital and largest city, is the seat of several institutions and agencies of the EU.

Luxembourg’s stable and high-income market economy features moderate growth, low inflation, and a high level of innovation. Luxembourg is described as a “full democracy”, with a parliamentary democracy headed by a constitutional monarch.

 Executive power is exercised by the grand duke and the cabinet, which consists of several other ministers.

#5. Denmark

Cost of Living index: 91.67

Rent Index: 36.18

Capital: Copenhagen

Population (2021): 5,813,298

Denmark

Denmark officially the Kingdom of Denmark is a Nordic country in Northern Europe. Denmark proper, which is the southernmost of the Scandinavian countries, consists of a peninsula, Jutland, and an archipelago of 443 named islands, with the largest being Zealand, Funen, and the North Jutlandic Island.

Denmark has a temperate climate, characterized by mild winters, with mean temperatures in January of 1.5 °C (34.7 °F), and cool summers, with a mean temperature in August of 17.2 °C (63.0 °F). 

The Danish parliament is unicameral and called the Folketing. It is the legislature of the Kingdom of Denmark, passing acts that apply in Denmark and, variably, Greenland and the Faroe Islands.

#4. Iceland

Cost of Living index: 96.77

Rent Index: 43.17

Capital: Reykjavik

Population (2021): 356,991

Iceland, one of the most expensive country

Iceland is a Nordic island country in the North Atlantic Ocean, with a population of 356,991 and an area of 103,000 km2 (40,000 sq. mi), making it the most sparsely populated country in Europe.

Iceland has a market economy with relatively low taxes, compared to other OECD countries, as well as the highest trade union membership in the world. The climate of Iceland’s coast is subarctic.

The warm North Atlantic Current ensures generally higher annual temperatures than in most places of similar latitude in the world. Iceland is a representative democracy and a parliamentary republic.

The head of government is the prime minister who, together with the cabinet, is responsible for executive government.ac

#3. Norway (3rd most expensive country in the world)

Cost of Living index: 106.09

Rent Index: 36.18

Capital: Oslo

Population (2021): 5,465,630

Norway (3rd most expensive country in the world)

Norway officially the Kingdom of Norway is a Nordic country in Northern Europe whose mainland territory comprises the western and northernmost portion of the Scandinavian Peninsula. 

The Norwegian state has large ownership positions in key industrial sectors, having extensive reserves of petroleum, natural gas, minerals, lumber, seafood, and freshwater.

The southern and western parts of Norway, fully exposed to Atlantic storm fronts, experience more precipitation and have milder winters than the eastern and far northern parts. In practice, the Prime Minister exercises the executive powers.

Constitutionally, legislative power is vested with both the government and the Parliament of Norway, but the latter is the supreme legislature and a unicameral body.

#2. Switzerland (2nd most expensive country in the world)

Cost of Living index: 131.75

Rent Index: 55.05

Capital: Bern

Population (2021): 8,715,494

 Switzerland (2nd most expensive country in the world)

Switzerland, officially the Swiss Confederation, is a landlocked country situated at the confluence of Western, Central, and Southern Europe. It is a federal republic composed of 26 cantons, with federal authorities based in Bern.

It is a developed country, it has the highest nominal wealth per adult and the eighth-highest per capita gross domestic product, and has been considered a tax haven.

The Swiss climate is generally temperate but can vary greatly between the localities, from glacial conditions on the mountaintops to the often pleasant near Mediterranean climate at Switzerland’s southern tip.

The World Economic Forum’s Global Competitiveness Report currently ranks Switzerland’s economy as the most competitive in the world, it is ranked by the European Union as Europe’s most innovative country and as the most innovative country in the Global Innovation Index in 2020

#1. Bermuda (the most expensive country in the world)

Cost of Living index: 145.07

Rent Index: 92.86

Capital: Hamilton

Population (2021): 62,090

Bermuda, the most expensive country in the world

Bermuda is a British Overseas Territory in the North Atlantic Ocean. Bermuda is internally self-governing, with its constitution and cabinet of ministers selected from the elected Members of the lower house of a Parliament that enacts local laws.

Bermuda has a tropical rainforest climate (bordering very closely on a humid subtropical climate. Bermuda is warmed by the nearby Gulf Stream and low latitude. The islands may experience modestly cooler temperatures in January, February, and March [average 17 °C (63 °F)].  

There has never been snow, a frost, or freeze on record in Bermuda. Tourism is Bermuda’s second-largest industry, with the island attracting over half a million visitors annually, of whom more than 80% are from the United States.

Conclusion:

Hope you enjoy reading the list of the most expensive countries in the world. Do comment on which country you want to live or visit. If you want to see the list of some other expensive things, don’t hesitate to comment.

Quick Summary of the list of 10 most expensive countries in the World

  • #10. Singapore
  • #9. Bahamas
  • #8. Israel
  • #7. Japan
  • #6. Luxembourg
  • #5. Denmark
  • #4. Iceland
  • #3. Norway (3rd most expensive country in the world)
  • #2. Switzerland (2nd most expensive country in the world)
  • #1. Bermuda (the most expensive country in the world)

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