Pakistan is the Most Affordable Country in World: CEO World Magazine

Pakistan is the Most Affordable Country in the World: CEO world Magazine

Pakistan is Most Affordable Country in the world to live in 2020. CEO World Magazine has recently published in its report. The data was collected from 132 countries. According to CEO World Magazine Report, Pakistan is the Most Affordable Country in the world.

As per CEO World Magazine, the researchers collected data on the basis of following metrics:

  • Cost of living
  • Rent
  • Clothing
  • Internet
  • Groceries Cost
  • Dining
  • Purchasing power
  • Transport Fares

However, countries are ranked on 5 metrics namely cost of living, rent, groceries, eating out & purchasing power. These data are then compiled into an index, using the New York City (NYC) as a benchmark. New York City given index score of 100. Those countries score more than 100 believed as more expensive than New York City.

In this report, even war-stricken countries namely Afghanistan & Syria are expensive for living. Pakistan even occupies lower ranked as compared to them.

The details of Pakistan’s score in aforementioned matrices are shared below:

Rank Cost of Living Index Rent Index Cost of Living Index+ Rent Index Grocery Index Restaurant index Purchasing Power Index
132 21.98 4.59 13.66 19.08 16.78 30.57

Most Expensive Country

Switzerland is considered as most expensive country, according to this report. Meanwhile, the details of Switzerland’s score in aforementioned metrics are shared below:

Rank Cost of Living Index Rent Index Cost of Living Index+ Rent Index Grocery Index Restaurant index Purchasing Power Index
1 122.4 50.25 87.89 120.27 123.01 119.53

In this list, 9 countries from Europe & 5 from Asia are considered most expensive to settle around the globe.

Previously, Pakistan also ranked as the 1st country for Ease Of Doing Business. It jumps up more than 20 positions to secure top ones. Thus, keeping in view the above records & performance, it is expected that Pakistan is emerging as the strongest economy in coming years.

 

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