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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

Canada Imposes New Sanctions on Russia

By Nirmala Menon OTTAWA--Canada on Friday imposed a new round of sanctions on Russia, including restrictions on exports of energy technology, as part of its effort to put pressure on President Vladimir Putin for Moscow's involvement in a continuing conflict ...

European Stocks End Mixed

By Josie Cox European stocks ended Friday broadly mixed, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. The Stoxx Europe 600--having already ...

Tuesday Brings a Stocking Full of Data -- Data Week Ahead

By Kathleen Madigan The economic reports are front-loaded next week because the U.S. government and financial markets will close Thursday to observe Christmas. Tuesday will bring a stocking full of data. The Commerce Department will be particularly busy, as it ...