Switzerland most expensive country in 2020

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Investec
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It will come as little surprise to many that Switzerland has been ranked the world’s most expensive country.

Put together by the magazine CEO World, the ranking pulls cost of living data on accommodation, clothing, taxi fares, utilities, internet, groceries, transport, and dining out, from a number of other studies.

Norway ranks second, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea. The United States (20th), United Kingdom (27th), Saudi Arabia (57th), and Russia (82nd) are well down the list.

The most affordable countries were Pakistan, Afghanistan, India, Syria, Uzbekistan, Kyrgyzstan, and Tunisia.

Overall, Switzerland is 22.4% more expensive than New York City, the base location. The most wallet-busting aspects of life in Switzerland are groceries (+20.3%) and dining out (+23.0%). On rent Switzerland was significantly cheaper than Hong Kong, Singapore and Luxembourg. But still pricey.

About Investec

Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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