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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

Dollar Rises Aginst Major Currencies

By Ira Iosebashvili and Tommy Stubbington The dollar rose against other major currencies Thursday, as investors were encouraged by the Federal Reserve's latest comments on the health of the economy and future monetary-policy tightening. In a statement Wednesday after a ...

Mexico's Stocks Post Sharp Gains; Peso Little Changed

By Anthony Harrup MEXICO CITY--Mexican stocks posted their sharpest single-day gain in more than three years Thursday, supported by a rise in U.S. equities as investors were encouraged by the U.S. Federal Reserve's comments that it will be patient in ...