A study carried out in December 2022 by the World Economic Forum positioned New York and Singapore as the most expensive countries in the world to live.
Despite this, cities like Caracas are not overlooked; The World Economic Forum positions Venezuela as the country with the highest inflation rate in the world in 2022with 132%, according to the Worldwide Cost of Living 2022 report, which greatly affects economic stability and constantly increases prices for the inhabitants.
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The world has become more expensive in the last year; the most recent report from the World Economic Forum revealed that global prices have increased by more than 8% compared to 2021.
This makes the most expensive cities are even more so and that prices are less affordable for the average citizen.
The increase in prices is mainly due to the economic fallout from the covid-19 pandemic that is still affecting the economy, as well as the conflict between Russia and Ukraine that impacts the commercial exchange of certain products, raising costs in general.
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This is the ranking of the ten most expensive countries in the world to live:
– NY (United States) and Singapore (Singapore) share first place
– Tel Aviv (Israel)
-Hongkong
– The Angels (USA)
-zurich (Swiss)
– Gin (Swiss)
– San Francisco (USA)
-Paris (France)
– Copenhagen (Denmark)
– Sydney (Australia)
The United States is the country with the most cities in the top ten of the most expensive worldwide.
Tel Aviv ranked first for the year 2021; however, for the most recent study it was moved to third place. This due to the increase in prices in New York and Singapore.
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According to the Economist Intelligence Unit (UIE), the main reason behind the increase in prices for this year is the gasoline cost, which suffered an increase of 22%.
Also, because the Oil prices are fixed in dollars. countries with weaker economies and currencies are more affected by the increase in costs.
Where does Latin America figure in the ranking?
Latin America does not occupy high places within the cost of living for its inhabitants; however, It is not among the cheapest regions to live.
At the other end of the scale, the cheapest cities were Tehran (Iran), Tripoli (Libya) and Damascus (Syria). The rest of the cities among the ten cheapest to live are in India, Sri Lanka, Pakistan and Uzbekistan.
A similar study by the consulting firm Mercer looked at the cities with the highest costs of living for employees globally.
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According to the consultant, Buenos Aires, ranked 114 worldwide, ranks first as the most expensive in Latin America, followed by Montevideo (123), Santiago de Chile (130), Guatemala City (136) and San José de Costa Rica, in position 139.
Mexico City ranked 149th in the general list due to the increase in prices for public service and transportation.
For its part, São Paulo, in Brazil, ranks 168 and is the most expensive city in Brazil.
In addition, Bogotá continues to occupy a position considered to be of good accessibility for most entrepreneurs, ranking 205th globally.
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On the other hand, a report published by the Torcuato Di Tella University in conjunction with ZonaPropas, studied the cities with the most accessible square meter in Latin America.
on this list Bogotá occupies the position as the cheapest to get housing, with a value of $1,108 dollars per square meter, followed by Quito ($1,204); followed by the Argentine cities of Córdoba ($1,279) and Rosario ($1,490).
The complete list of the 14 cities with housing prices positions Bogotá as one of the most affordable in the region (prices in dollars):
– MontevideoUruguay 3,054
– SantiagoChile $2,724
– Mexico City, Mexico $2,424
– Buenos AiresArgentina $2,421
– Rio de Janeiro, Brazil $2,291
– Saint Paul, Brazil $2,109
– Monterey, Mexico $2,054
– Lime, Peru $2,014
– Guadalajara, Mexico $1,969
– City of Panama, Panama $1,703
– Rosary beads, Argentina $1,490
– Cordoba, Argentina $1,279
– Quito, Ecuador $1,204
– Bogota, Colombia $1,108
INTERNATIONAL WRITING
With information from LA NACIÓN (ARGENTINA) / GDA
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