The World Bank has published a record on the state of world's economies. The record (entitled 2005 International Comparison program introductory Global record Compares Size of Economies) compares data for the year of 2005 and includes statistics on 146 states. The record has also compared price level in distinct countries and identified the most and the least costly countries on the basis of this calculation. If the price level makes up 100 points, it means that it is identical to that of the Usa. If the price level exceeds 100 points, the country is more "expensive" than the Usa. If it is less than 100 points, the country is less "expensive". The mean statistical world's price level makes up 81 points.
The top five of the most costly countries for residence and company includes Iceland (154 points), Denmark, Switzerland, Norway and Ireland. The Usa with its 100 points has busy the 20th position in the world, compliance to France (115 points), Germany (111 points), Japan and Great Britain (118 points each).
South Kyrgyzstan
Price level of Russia makes up 45 points, Kazakhstan - 43 points, Georgia - 41 points, Armenia - 39 points, Belarus - 36 points, Azerbaijan and Moldova - 35 points, Ukraine - 33 points, Latvia and Lithuania - 53 points each, Estonia - 62 points.
The cheapest life is in Tajikistan (24 points), Ethiopia, Gambia and Kyrgyzstan (28 points) and Bolivia. For comparison, Saudi Arabia has got 64 points, Egypt - 28 points, Venezuela - 55 points, Sweden - 124 points, Turkey - 64 points, Israel - 83 points, Czech - 60 points, India - 33 points, Iran - 30 points, China - 42 points.
Such ratings each year affect the macroeconomy of many developing countries, because of the usage of this data in the preparation of risk diagnosis for the investments. Therefore the authorities of these countries are waiting for the results of these ratings and are even planning budgets depending on these positions.
The Most costly Countries for abodeMy Links : todays world news headlines
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