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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

Malaysia International Reserves $120.7 Billion Dec. 15

By Jason Ng KUALA LUMPUR--Malaysia's international reserves totaled $120.7 billion as of Dec. 15, down 4.0% from two weeks earlier, the central bank said Monday. Malaysia's foreign exchange reserves stood at $125.7 billion as of Nov. 28. The reserves are ...

Retail trade increased in November

Statistical news from Statistics Sweden and HUI Research 2014-12-22 9:30 AM Nr 2014:578 Turnover in Retail Trade, November 2014: Retail trade increased in November The retail trade sales volume increased by 4.5 percent in November compared to the same month ...