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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

French Dec Business Sentiment Stable

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 their outlook for ...

European Stocks Climb Higher

By Josie Cox European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday amid buying spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. ...

Italy Industrial Orders Tick Higher on Transport Sector

By Liam Moloney ROME--Italian industrial orders ticked higher in October, thanks to improved domestic demand. Industrial orders rose 0.1% on the month, reversing a 1.5% decline in September, national statistics institute Istat said Friday, using seasonally adjusted data. Orders were ...