The Most Expensive Countries in the World

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Modern person is highly mobile and can easily change the place of living. It especially concerns young people. In this article you will know which countries, cities and resorts are the most expensive.

To know which country are the most expensive for living it’s necessary to consider many factors as a consumer basket which includes food prices, expenses of restaurants, transportation and accommodation costs and the average index of purchasing power of the citizens.

Also, some established editions make their studies, the statistics changes every year. Therefore, this is an approximate information. The most reliable sourcing is your relatives, friends who have some international experience.

Countries which are expensive for living

Top 10 includes the countries with the most expensive living in the world. These are the following countries:

  • Switzerland
  • Singapore
  • Norway
  • Hong Kong
  • Luxembourg
  • Qatar
  • Australia
  • Venezuela
  • Island
  • Denmark.

It’s interesting that each of these countries differs with high cost of one or two consumer baskets.

For instance, visiting a restaurant in Norway, Switzerland or Denmark costs a lot while having a meal in India is much cheaper.

Switzerland is a leader of the most expensive food products, than go Venezuela and Kuwait. You may have the cheapest dinner in Moldova, India and Nepal.

The most expensive accommodation is in Singapore, Hong Kong and Qatar.

The most expensive countries in the world

The rating of the most expensive countries is determined by GDP per capita and the level of purchasing power.

1st place takes Qatar where GDP per capita is 88 232 $, the popularity there is about 2 millions of people, this is the richest oil state.

2nd place takes Luxembourg. GDP considering purchasing power parity is 80304 $ there. Due to offshore zones a lot of banks and investments funds are presented in Luxembourg, that is why half of a million popularity accepted as the richest one. Among other states in Europe, it is also the richest country.

3rd place was given to Singapore. This is the richest country in Asia, at the same time, very low taxes are formed there. Because of this, the economy development goes very fast, this is ideal conditions for business and world investments, GDP is 57 238 $ here.

4th place takes Brunei. This country possesses huge oil resources and gas what let make the medicine and education free. GDP is 53 431 $. Moreover, Brunei sultan is the richest person in the world, his fortune was assessed at 38 $ billions.  

5th place is Ireland. GDP per capita here is 49 000$, the state takes the second place among the richest European countries and the fourth place among the richest countries in the world.

6th place is awarded to the United Arab Emirates. This country is famous for its rich oil sector. GDP per capita is 48 000$.

7th place id the United States of America. The country has the advanced economy where people get a good salary for their work. GDP per capita is 47 123$.

8th place  – Kuweit. This country is located on the Arabian Peninsula. A lot of oils is produced here, that increased the level of GDP up to 14 000$.

9th place is Netherland. This is pretty developed country with the good level of salaries for local people. GDP per capita is 40 777$.

10th place takes Austria. The citizens live good, the incomes are high and GDP there is 39 454$.

The most expensive cities in the world

The research results about the cost of living in different cities do not match the people’s opinion who visit these or that places. We should say that the cost of living is estimated by cost of food, accommodation, clothes, transport, household goods and entertainment.

The main aim of such researches is helping some international companies and the government to define which allowances the citizens who work abroad need.

For the objective estimation the most expensive cities on the different regions of you planet were identified.

The most expensive cities of Central and East Europe are:

  • Moscow
  • Istanbul
  • Riga
  • Bratislava
  • Prague

The most expensive cities in Western Europe:

  • Zurich
  • Geneva
  • Bern
  • London
  • Copenhagen.

The most expensive cities in Asia (except the Middle East):

  • Hong Kong
  • Singapore
  • Shanghai
  • Seoul
  • Pekin.

The most expensive cities in the MIddle East and Africa:

  • Luanda
  • N’djamena
  • Kinshasa
  • Victoria
  • Tel Aviv

The most expensive cities in Oceania:

  • Sydney
  • Noumea
  • Melbourne
  • Perth
  • Auckland

The most expensive cities in North America:

  • New York
  • Los Angeles
  • San Francisco
  • Chicago
  • Washington 

The most expensive cities  in South America:

  • Buenos Aires
  • São Paulo
  • Rio de Janeiro
  • Santiago
  • Port-of-Spain

But, there are many paradoxes even in these studies. It seems like Angola is considered to be a very poor country, but its capital Luanda is among the most expensive cities in the world.

The whole secret is that some foreign companies get large profits at the expense of oil and diamonds in Angola. It attracts many visitors. Therefore, in Luanda, for getting a high quality housing, visiting a good restaurant with perfect service, buying a car, clothes and etc., you need to spend a lot.

For example, rent apartment of two rooms in Luanda will cost 6800 dollars per month, two-bedroom apartment can be rented for almost $ 16 000.

The most expensive country for vacation

Every year millions of people go on vacation to a warm country.

However, not all offers have the same budget. Rating of the most expensive countries for recreation is calculated based on the cost of the hotel for the night and on-site costs.

It, however, does not include the travel expenses. So, these are the countries with an excellent, but expensive service for travelers :

  • Barbados – 168 USD per night
  • UAE – 156 USD
  • Austria – 142 dollars
  • Czech Republic – 142 dollars
  • Switzerland – $ 140
  • Belgium – $ 136
  • Luxembourg – 134 dollars
  • USA – 134 dollars
  • Netherlands – $ 125
  • Hong Kong dollars -120

The most expensive resorts in the world

The current service in the resort industry allows travelers to choose any country for vacation on the basis of their earnings. Really, who does not dream of the most expensive resorts in the world?To get into a rating of the most luxurious places to stay, resorts should observe the following requirements:

  • Absolute privacy for travelers.
  • Famous people who have visited this resort should not be bothered by the crowd of fans and paparazzi.
  • External and internal appearance should be luxury.
  • Typically, these resorts are located on the islands with the white sand and azure sea.
  • Maintenance of the highest level, so to get into the elite subservient staff has a long train and preparations to know how they need properly serve the dear guests.
  • A large complex of various additional services in the resort.
  • Relax on the most expensive resorts in the world must be a truly heavenly.

Speaking of which countries are the most expensive, let’s consider some examples of the cost for one day stay at these resorts.

For those who like to relax is not just good, but luxurious – the rating of the most expensive resorts in the world was defined where the top three positions are:

1st place – Virgin Islands (Necker island) – US $ 30 000 per night. It has a very diverse flora and fauna.  In 1982 a British millionaire Richard Branson bought the island and created a paradise for his own vacations. Later the owned started renting the island out.

The resort has 6 villas, which can accommodate 28 people, everything is furnished in exotic style. Though, the hotel is considered to be private that is why the whole resort was rented. There are three beaches,  an outdoor pool, a spa on the territory, here you can attend yoga and pilates.

Excellent cuisine, the chef who was awarded a star guide “Michelin”, as well as two shady courts and a fitness room. From entertainment –  water skiing, windsurfing, kite surfing, sailing, snorkeling, diving, sailing trips on a luxury yacht, the underwater scooter and helipad.

2nd place – Bahamas (Musha Cay, Islands of Copperfield bay) – 28 000 dollars per night. The largest number of guests who will be able to stay in the resort is 24 people. It is prepared 5 villas surrounded by mahogany terraces for them, there are also private access to the beach shore.

Vacationers are provided with an outdoor heated swimming pool, beach open-air cinema, tennis courts, fitness center, water sports center. In addition, a pool table and yoga. There are all conditions for fishing and boating, all kinds of games, created by David Copperfield (Olympic Games, Quest pirate treasure, Secret Village monkeys and others).

3rd place – Miami (Villa Hotel Contenta) – $ 17 400 per day.Luxury mansion is located on Palm Island (Miami, USA). All the rooms in it are decorated in different styles. Near the villa there is a swimming pool with a waterfall. The price of accommodation includes the services of a personal chef, babysitting, personal servant, personal masseur and service travelers to the airport in a limousine.

Then on the list the resorts which costs less than 11 000 dollars per night.

Conclusion

All information is taken from a variety of authoritative sources, specially engaged in similar studies in 2015. However, I repeat, for understanding which countries are the most expensive, you better rely on your friends and relatives’ opinion and travel experience.

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