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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 Stocks Rally on Yellen Comments -- 3rd Update

By Tommy Stubbington Stocks in Europe rallied sharply Thursday, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates. The Stoxx Europe 600 index ended the session almost ...

Xaviel Niel to Buy Orange Switzerland -- 2nd Update

By Ruth Bender PARIS--French telecom tycoon Xavier Niel has agreed to buy Orange Switzerland from Apax Partners in a deal worth EUR2.3 billion ($2.8 billion), as one of France's best-known entrepreneurs continues to expand his telecom assets across Europe. Apax ...

U.S. Housing Starts/Building -2-

Dec 2,050 13.4 1,713 15.4 140.2 1.5 2,081 -0.6 1,620 2.0 155.2 -0.8 Nov 1,807 -12.4 1,484 -10.9 138.1 -23.8 2,093 0.0 1,588 -0.9 156.4 -10.4 Oct 2,062 7.8 1,666 7.1 181.3 10.5 2,093 2.6 1,603 0.6 174.5 -0.2 Sep ...