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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 ...
Gross Average Monthly Wages (USD, at current exchange rates) [4] Year Switzerland * 8,765 2023 Luxembourg * 7,292 2023 Iceland * 6,778 2023 United States * 6,676 2023 Denmark * 6,023 2023 Norway * 5,437 2023 Belgium * 5,108 2023 Netherlands * 5,005 2023 Canada * 5,004 2023 Ireland * 4,865 2023 Austria * 4,798 2023
Zürich, Switzerland Geneva, Switzerland Basel, Switzerland Bern, Switzerland. Every March and September, ECA International calculates the cost of living for expatriates in almost 400 cities around the world. The survey does not include certain living costs such as accommodation, utilities (electricity, gas, water costs), car purchase and ...
The cost of living calculator also breaks down the difference in typical costs between the two locations, including average rent and home prices. Let’s say you currently live in Joplin, Missouri ...
Eurostat: Wages and labour costs; Eurostat: Minimum wages August 2011; FedEE;Pay in Europe 2010; Wages (statutory minimum, average monthly gross, net) and labour cost (2005) CE Europe; Wages and Taxes for the Average Joe in the EU 27 2009; Moldovans have lowest wages in Europe; UK Net Salary Calculator
According to the table, an American living or travelling in Switzerland on an income denominated in US dollars would find that country to be the most expensive of the group, having to spend 27% more US dollars to maintain a standard of living comparable to the US in terms of consumption.
This is similar to nominal GDP per capita but adjusted for the cost of living in each country. In 2023, the estimated average GDP per capita (PPP) of all of the countries was Int$22,452. [a] For rankings regarding wealth, see list of countries by wealth per adult.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...