
Switzerland, Norway and Luxembourg are considered to be the most expensive countries of Europe. There are various factors due to which the living cost in these countries are increased such as monetary value, investment, interest rate, exchange rate and currency of the country. Cost of living is considered to be very high in the developed countries. Survey of the economists cover almost 214 countries of the world, and they consider almost 200 items including housing, food, clothing and entertainment. According to the living cost index 2015 the index of Norway was calculated as 100%, Switzerland 126%, Norway 119%, Iceland 102%, and Denmark 101% including food, transport and service. These countries are considered to be most expensive in Europe. It is because the economists do the survey of cost of living of many countries, and the cost of living was much expensive in these countries as compared to all other countries of the world. According to economists, they consider the prices of almost 500000 items of each area. Now we are going to discuss the top most expensive countries of the Europe.
List of the most expensive countries in Europe:
10. France:
France is the tenth most expensive state in the region among all the European countries. It is not as expensive as all the above mentioned countries. Still it is considered to be much expensive. The price index is very high in the state and the considered to be highly developed.
9. Finland:
Finland is considered to be a ninth most luxurious state in the region among all the European countries. The living cost is considered to very high. It is a highly developed state. It becomes very difficult for the people to settle here because the price of living is very high.
8. Netherland:
Netherland is the eighth most luxury state among all the European countries. The price index of the county is very high. The price of living is very high in the state. Usually in highly developed countries prices are very high similarly in Netherlands prices are very high. Food in the state is considered much expensive.
7. Ireland:
Ireland is considered to be the seventh most luxurious state in the our list. It is considered to be the highly developed county. The price index in the country is high. It becomes very difficult for the people to settle here because of high cost of living. The food, clothing and shelter are much expensive in the state. It is highly developed and prosperous.
6. The United Kingdom:
The United Kingdom is the sixth most luxury state in the list. The price of living is much costly in the state. The small product cost much in the United Kingdom which is cheaper in all other countries. The price index is high, and the state is considered to be highly developed. The purchasing power of the people is strong, and a country is prosperous. Their lack poverty in the state.
5. Denmark:
Denmark is considered to be the fifth most expensive country in the Europe. The cost of living in the country is much expensive as compared to all other countries of the world. Food and living are much expensive in the country many of the people cannot settle in Denmark due to high cost of living. The country is considered to be developed, and the price index is very high in the country according to the estimate of 2015.
4. Iceland:
Iceland is the fourth most expensive country in the Europe. The price index of Iceland is 102%. Iceland is a highly developed country, and the cost of living is also very expensive in Norway. Even the price of small products is very expensive, and the same are cheaper in other countries. The purchasing power of the people living there is strong. It becomes very difficult for the people to settle down the country because of high living price in the country.
3.Luxembourg:
Luxembourg is considered to be the third most expensive country in the region. The cost of living in the country is very high. It becomes very difficult for the people to settle in the country because of such high cost of living. The food in the country is very expensive. The price index for the country is very high. The price of food and the restaurants are very high. The purchasing power of the people living there is very strong and enjoys many facilities. The country is considered to be developed.
2.Norway:
Norway is the second most luxury state in the Europe. The prices index of Norway is about 119%. The food and restaurants are very costly in the state. The price of food in Norway is even more dear than New York. The purchasing power of the people living there is strong. Their lack a situation of poverty in the state. The state is considered to be the developed country and price of living is much dear as compared to all other states of the world.
1.Switzerland:
Switzerland is considered to be the most expensive country among all the European countries. The cost of living is very high in Switzerland. Even the small things are very expensive in the country. The European food is considered to be the most expensive one. It becomes difficult for the people to settle in the country because of high cost of living. The price index of Switzerland by the calculation of 2015 is about 126%. It is highly developed country, and the prices are usually very high mostly in very developed countries.
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List of Most Expensive Countries in Europe
Sr.No. | Names | Currency | Population |
---|---|---|---|
1 | Switzerland | Swiss Franc | 8.081 million (2013) |
2 | Norway | Norwegian krone | 5.084 million (2013) |
3 | Luxembourg | Euro | 543,202 (2013) |
4 | Iceland | Icelandic króna | 323,002 (2013) |
5 | Denmark | Danish krone | 5.614 million (2013) |
6 | UK | Pound sterling | 64.1 million (2013) |
7 | Ireland | Euro | 4.595 million (2013) |
8 | Netherland | Euro | 16.8 million (2013) |
9 | Finland | Euro | 5.439 million (2013) |
10 | France | Franc | 66.03 million (2013) |
Conclusion:
We have discussed above the top most expensive countries of the Europe. Economists considered the prices of almost 50000 items of each area and then declared that the above mentioned countries are top most expensive than all other European countries. Food, clothing and shelter all are much expensive in the country. Hence, all the people cannot afford to settle in these countries because of high cost of living in the country.