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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

European Markets Register Modest Gains

European markets on Monday clung to the expectation of further stimulus from the European Central Bank, with the yield on Spanish government debt sinking to a record low in quiet holiday-time trading. The yield on the country's 10-year bonds dropped ...

Economists Again Cut Brazil Economic Growth Outlook

By Rogerio Jelmayer SAO PAULO--Economists again cut their economic-growth forecasts for Brazil for this year and next, as Latin America's largest economy has struggled to gain traction after suffering a recession in the first half of 2014. According to a ...

Brazil Raises Long-Term Rate for First Time Since 2003

By Rogerio Jelmayer SAO PAULO--Brazil's government economic team increased its long-term interest rate, the so-called TJLP, for the first time in more than a decade, underlining plans to improve the country's fiscal performance in the next years. Brazil's National Monetary ...