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List of countries by price level

From Wikipedia, the free encyclopedia

The list of countries by price level contains shows countries by their price level index. The data has been collected by the World Bank's International Comparison Program since the 1970s and has been available for almost all World Bank member states and some other territories since 1990. The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are calculated by dividing the purchasing power parities (PPPs), where 1 PPP equals 1 US dollar in the US, by the market exchange rates, also equated to 1 US dollar. These ratios are then adjusted to align with the global average, which is standardized at 100. When the PLI exceeds 100, it signifies that the prices in that economy are above the global average. Conversely, a PLI below 100 suggests that the prices are below the world average.[1]

List

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Countries by global price level (World average=100)
Rank County/Territory Global price level
(% of world average)[2]
Year
1  Bermuda 193.5 2021
2  Barbados 188.9 2021
3  Cayman Islands 184.7 2021
4  Switzerland 181.4 2021
5  Israel 179.1 2021
6  Iceland 177.1 2021
7  Turks and Caicos Islands 172.8 2021
8  Australia 168.6 2021
9  Norway 165.3 2021
10  New Zealand 163.2 2021
11  Faroe Islands 160.7 2021
12  United States 158.5 2021
13  Denmark 157.0 2021
14  Bahamas 154.9 2021
15  Luxembourg 153.6 2021
16  Sweden 153.5 2021
17  Canada 149.1 2021
18  Finland 146.7 2021
19  US Virgin Islands 143.8 2021
20  Japan 142.5 2021
21  Ireland 141.6 2021
22  United Kingdom 140.5 2021
23  Netherlands 137.5 2021
24  Austria 133.7 2021
25  Greenland 132.9 2021
26  San Marino 132.6 2021
27  Belgium 132.3 2021
28  Germany 131.6 2021
29  France 128.5 2021
30  Puerto Rico 127.5 2021
31  Anguilla 123.0 2021
32  Aruba 120.6 2021
33  Hong Kong 119.7 2021
34  Italy 115.7 2021
35  South Korea 114.6 2021
36  Curacao 113.9 2021
37  Andorra 113.3 2021
38  Spain 110.7 2021
39  Saint Kitts and Nevis 108.2 2021
40  Cyprus 107.0 2021
41  Kuwait 106.3 2021
42  Antigua and Barbuda 106.1 2021
43  Malta 103.5 2021
44  Palestine 102.9 2021
45  Uruguay 102.3 2021
46  United Arab Emirates 101.9 2021
47  Grenada 100.8 2021
48  Portugal 100.8 2021
49  Slovenia 99.9 2021
50  China 97.9 2021
51  Greece 97.5 2021
52  Qatar 97.0 2021
53  Macao 96.9 2021
54  Singapore 95.6 2021
55  Trinidad and Tobago 92.1 2021
56  Slovakia 91.3 2021
57  Latvia 90.2 2021
58  Chile 88.3 2021
59  Czech Republic 87.8 2021
60  Saint Lucia 86.8 2021
61  Zimbabwe 85.8 2021
62  Maldives 84.6 2021
63  Saint Vincent and the Grenadines 84.5 2021
64  Haiti 84.4 2021
65  Costa Rica 84.3 2021
66  Dominica 84.0 2021
67  Jamaica 83.9 2021
68  Belize 83.9 2021
69  Albania 82.1 2021
70  Cape Verde 81.9 2021
71  Lithuania 81.4 2021
 Taiwan 81.4 2021
73  Saudi Arabia 80.7 2021
74  Djibouti 80.4 2021
75  Panama 79.4 2021
76  Oman 79.3 2021
77  Seychelles 79.2 2021
78  South Africa 79.1 2021
79  Bahrain 78.3 2021
80  Mexico 77.7 2021
81  Hungary 76.9 2021
82  Croatia 76.4 2021
83  Comoros 72.9 2021
84  Jordan 72.4 2021
85  Namibia 72.0 2021
86  Ecuador 71.1 2021
87  Peru 70.8 2021
88  Poland 70.7 2021
89  Gabon 70.0 2021
90  Brazil 69.8 2021
91  Fiji 69.6 2021
 Honduras 69.6 2021
 Morocco 69.6 2021
94  Central African Republic 69.1 2021
 Liberia 69.1 2021
96  Botswana 68.9 2021
97  Guyana 68.3 2021
98  El Salvador 68.1 2021
99  Turkmenistan 68.0 2021
100  Democratic Republic of the Congo 67.3 2021
101  Lesotho 66.4 2021
102  Bulgaria 65.8 2021
 São Tomé and Príncipe 65.8 2021
104  Guatemala 65.7 2021
105  South Sudan 65.6 2021
106  Equatorial Guinea 65.4 2021
107  Serbia 64.8 2021
108  Ivory Coast 64.4 2021
109  Republic of the Congo 63.7 2021
110  Argentina 63.2 2021
111  Eswatini 63.2 2021
 Mauritius 63.2 2021
113  Brunei 62.8 2021
114  Somalia 62.5 2021
115  Romania 62.4 2021
116  Bosnia and Herzegovina 62.3 2021
 Philippines 62.3 2021
 Timor-Leste 62.3 2021
119  Paraguay 62.2 2021
120  Libya 61.9 2021
121  Chad 61.6 2021
122  Dominican Republic 61.3 2021
123  Kenya 61.2 2021
 Montenegro 61.2 2021
125  Niger 60.8 2021
126  Senegal 60.7 2021
127  Benin 60.3 2021
128  Iraq 59.7 2021
129  Ghana 58.6 2021
130  Malawi 58.4 2021
131  Guinea-Bissau 58.2 2021
 Mali 58.2 2021
133  Lebanon 58.0 2021
 Nigeria 58.0 2021
135  Malaysia 57.9 2021
136  Togo 57.8 2021
137  Burkina Faso 57.1 2021
138  Bolivia 56.4 2021
139  Colombia 55.7 2021
140  Mozambique 55.4 2021
141  Cameroon 55.3 2021
142  Cambodia 55.2 2021
 Thailand 55.2 2021
144  North Macedonia 54.0 2021
145  Moldova 53.3 2021
 Indonesia 53.3 2021
147  Uganda 53.1 2021
148  Mauritania 52.9 2021
149  Bangladesh 52.7 2021
150  Tanzania 52.6 2021
151  Sierra Leone 52.3 2021
152  Eritrea 51.9 2021
153  Russia 51.0 2021
 Zambia 51.0 2021
155  Guinea 50.6 2021
156  Tunisia 49.7 2021
157  Laos 49.5 2021
158  Burundi 48.9 2021
159  Vietnam 48.7 2021
160  Madagascar 48.6 2021
 Turkey 48.6 2021
162  Mongolia 48.4 2021
163  Rwanda 48.1 2021
164  Kazakhstan 48.0 2021
165  Nicaragua 47.5 2021
166  Armenia 46.6 2021
167  Algeria 45.5 2021
168  Gambia 45.4 2021
169  Ethiopia 44.8 2021
170  India 44.4 2021
171  Sri Lanka 44.2 2021
172  Angola 43.7 2021
173  Nepal 43.6 2021
174  Belarus 43.0 2021
175  Iran 43.0 2021
176  Azerbaijan 42.6 2021
177  Georgia 42.5 2021
178  Ukraine 42.4 2021
179  Pakistan 42.3 2021
180  Bhutan 42.0 2021
181  Suriname 41.5 2021
182  Egypt 39.0 2021
183  Uzbekistan 38.7 2021
184  Myanmar 38.0 2021
185  Kyrgyzstan 37.3 2021
186  Sudan 36.6 2021
187  Tajikistan 35.6 2021
188  Syria 30.7 2021
189  Afghanistan 26.4 2021

See also

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References

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  1. ^ "How does the ICP measure price levels across the world?". World Bank Blogs. Retrieved 2024-06-02.
  2. ^ "International Comparison Program (ICP) - Data". World Bank. Retrieved 2024-06-02.