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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

Consumer Confidence in the Eurozone Likely to Edge Up

By Jon Sindreu LONDON--Economic indicators due next week are expected to show economic sentiment is slowly improving in the 18 countries that share the euro. Median forecasts by analysts polled by The Wall Street Journal say consumer confidence for the ...

Bank of Mexico Unanimous in Holding Interest Rates

By Anthony Harrup MEXICO CITY--The Bank of Mexico was unanimous in its decision to leave interest rates unchanged early this month, with members agreeing risks had increased for economic growth and inflation, and noting inflation risks if the peso extends ...