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Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

The Poorest Countries in the World

There are two standard methods of measuring the wealth of countries and how rich or poor its inhabitants are. The measure most often used is Gross Domestic Product (GDP), which represents the size of a country’s economy. A refinement of ...

Awards & Rankings



Global Finance held its 11th annual Internet Banks Awards dinner in New York in November. Leading financial executives from around the world were present to accept their awards and honor other recipients.

From the Wires

Kuroda Suggests Price Growth Won't Accelerate

By Takashi Nakamichi and Tatsuo Ito TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Friday that the pace of growth in the nation's prices may not start to pick up again until early summer, striking a cautious tone as falling global ...

French Dec Business Sentiment 99 Vs 99 in Nov

By Stacy Meichtry PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while ...