The Most Expensive Countries for Residence

The World Bank has published a report on the state ofpoints), Japan and Great Britain (118 points each).
world's economies. The report (entitled 2005Price level of Russia makes up 45 points, Kazakhstan
International Comparison Program Preliminary Global- 43 points, Georgia - 41 points, Armenia - 39 points,
Report Compares Size of Economies) compares dataBelarus - 36 points, Azerbaijan and Moldova - 35
for the year of 2005 and includes statistics on 146points, Ukraine - 33 points, Latvia and Lithuania - 53
states. The report has also compared price level inpoints each, Estonia - 62 points.
different countries and identified the most and the leastThe cheapest life is in Tajikistan (24 points), Ethiopia,
expensive countries on the basis of this calculation. IfGambia and Kyrgyzstan (28 points) and Bolivia. For
the price level makes up 100 points, it means that it iscomparison, Saudi Arabia has got 64 points, Egypt -
identical to that of the USA. If the price level exceeds28 points, Venezuela - 55 points, Sweden - 124 points,
100 points, the country is more "expensive" than theTurkey - 64 points, Israel - 83 points, Czech - 60 points,
USA. If it is less than 100 points, the country is lessIndia - 33 points, Iran - 30 points, China - 42 points.
"expensive". The average statistical world's price levelSuch ratings yearly influence the macroeconomy of
makes up 81 points.many developing countries, because of the usage of
The top five of the most expensive countries forthis data in the preparation of risk analysis for the
residence and business includes Iceland (154 points),investments. Therefore the authorities of these
Denmark, Switzerland, Norway and Ireland. The USAcountries are waiting for the results of these ratings
with its 100 points has occupied the 20th position in theand are even planning budgets depending on these
world, yielding to France (115 points), Germany (111positions.