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).

 
 
Source
Central bank

Board of Governors of the Federal Reserve System (Washington)

International Reserves

US$ 141.679 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 17.528 trillion (2014 estimate)

GDP (Purchasing Power Parity)

17.528 trillion of International dollars (2014 estimate)

Real GDP growth

2003

2004 2005 2006 2007 2008 2009 2010
2.5% 3.6% 3.4% 2.7% 1.8% -0.3% -2.8% 2.5%
2011 2012 2013 2014*        
1.8% 2.8% 1.9% 2.8%        

*Estimate

GDP per capita - current prices

US$ 54,980 (2014 estimate)

GDP per capita - PPP

$54,980 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
24.94% 25.11% 24.00% 19.92% 19.24%

*Estimate

 
 
Source
GDP - composition by sector

(Data released 2014)

  • agriculture: 1.1% 
  • industry: 19.5% 
  • services: 79.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

2.8% (2011)

(Data released on March 2012)

Inflation
2011 2012 2013 2014*
3.1% 2.1% 1.5% 1.4%

*Estimate

Unemployment rate
2011 2012 2013 2014*
8.9% 8.1% 7.4% 6.4%

*Estimate

Household saving rates

4.1% (Net saving; 2014 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
94.8% 99.0% 102.4% 104.5% 105.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-12.5% -11.0% -9.7% -7.3% -6.4%

*Estimate  

Government bond ratings

Standard & Poor's: AA+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$17.14 trillion US$15.64 trillion US$18.67 trillion

*2010 Estimate   **2012 Estimate

Largest companies in The United States

JPMorgan Chase, Berkshire Hathaway, Exxon Mobil, General Electric, Wells Fargo, Bank of America, Apple, Citigroup, Chevron, Wal-Mart Stores, AT&T, Verizon Communications, Microsoft, IBM, Procter & Gamble, Johnson & Johnson, American International Group, Pfizer, Ford Motor, Google, Comcast, Goldman Sachs Group, General Motors, MetLife, ConocoPhillips, Intel, Hewlett-Packard, Coca-Cola, Cisco Systems, Boeing, UnitedHealth Group, United Technologies, PepsiCo, Oracle, CVS Caremark, Merck & Co, Walt Disney, American Express, Morgan Stanley, Schlumberger, Caterpillar, US Bancorp, Dow Chemical, Home Depot, Phillips 66, Capital One Financial, Mondelēz International, Occidental Petroleum, Twenty-First Century Fox, Inc., Qualcomm, Time Warner, Philip Morris International, Express Scripts, Honeywell International, United Parcel Service, PNC Financial Services, Duke Energy, Delta Air Lines, Amgen, EI du Pont de Nemours, Walgreen, Valero Energy, Travelers Cos, Deere & Co, Union Pacific, McDonald’s, WellPoint, Aflac, 3M, Allstate, Lockheed Martin, Target, Bank of New York Mellon, EMC, Costco Wholesale, Eli Lilly & Co, Lowe's Cos, Freeport-McMoRan, Copper, Abbott Laboratories, Aetna, Altria Group, BlackRock, Exelon, Archer Daniels Midland, McKesson, Hess, eBay, Time Warner Cable, General Dynamics, AbbVie Medtronic, Bristol-Myers Squibb, FedEx, Halliburton, Danaher, Apache, Marathon Petroleum, Southern Co, NextEra Energy, Visa, Cigna, National Oilwell Varco, Directv, State Street, Kroger, Johnson Controls, Emerson Electric, Dominion Resources, BB&T, NIKE, Kinder Morgan, EOG Resources, Monsanto, Raytheon, Chubb, American Electric, HCA Holdings, Northrop Grumman, Kraft Foods Group, Discover Financial Services, Fannie Mae, Las Vegas Sands, Baxter International, Anadarko Petroleum, Ameriprise Financial, International Paper, Gilead Sciences, Kimberly-Clark, CBS, Marathon Oil, Carnival, Freddie Mac, General Mills, Viacom, Thermo Fisher Scientific, Baker Hughes, Automatic Data, CSX, Norfolk Southern, Lincoln National, Macy’s, SunTrust Banks, PG&E, Illinois Tool Works, HumanaTexas Instruments, Colgate-Palmolive, PPL, Prudential Financial, Praxair, Edison International, PPG Industries, Fifth Third Bancorp, United Continental Holdings, Chesapeake Energy, Amazon.com, Paccar, Xerox, Loews, TJX Cos, Charles Schwab, Principal Financial Group, Sempra Energy, Corning, Consolidated Edison, Micron Technology Progressive, Cummins, Ecolab, Public Service Enterprise, Precision Castparts, MasterCard, Kellogg, Facebook, Sysco, DISH Network, Safeway, Omnicom Group, Cardinal Health, Marsh & McLennan, Xcel Energy, Franklin Resources, Hartford Financial Services, Simon Property Group, Regions Financial, Southwest Airlines, Western Digital, Air Products & Chemicals, Entergy, SLM, ConAgra Foods, Reynolds American, Unum Group, Mosaic, Stryker, Spectra Energy, Tyson Foods, FirstEnergy, Biogen Idec, M&T Bank, Murphy Oil, Celgene, Dollar General, Parker-Hannifin, Whirlpool, Liberty Media, Kohl’s, Genworth Financial, Priceline.com, Annaly Capital, Management, VF, CME Group, CenturyLink, Yum Brands, AmerisourceBergen, DTE Energy, Northeast Utilities, Liberty Interactive, Nucor, Hilton WorldwideHoldings, Gap, KeyCorp, DaVita, Yahoo, Northern Trust, American Airlines Group, Williams Cos, Devon Energy, Becton Dickinson, Alcoa, Thomson Reuters, Best Buy, Allergan, TRW Automotive Holdings, Bunge, Motorola Solutions, Noble Energy, Cognizant Technology, Estée Lauder Cos, L-3 Communications, Leucadia National, VMware, Eastman Chemical, Cameron International, Discovery Communications, Republic Services, Goodyear, AES, Fluor, Weyerhaeuser, Mylan, HollyFrontier, Stanley Black & Decker, Bed Bath & Beyond, Dover Waste Management, Invesco, American Capital Agency, Hertz Global Holdings, AutoZone Symantec, Nielsen Holdings, L Brands, Sherwin-Williams, Royal Caribbean Cruises, Constellation Brands, SanDisk, Applied Materials, Whole Foods Market, HCP, TD Ameritrade Holding, Marriott International, Genuine Parts, Ross Stores, Agilent Technologies, Textron, Staples, WW Grainger, American Tower, Computer Sciences, CF Industries Holdings, Hershey, CIT Group, Nordstrom, Boston Properties, Starbucks, News Corp, Tesoro, NRG Energy, CarMax, Huntington Bancshares, NiSource, Comerica, Oneok, Reinsurance Group of America, MGM Resorts, Broadcom, Fidelity National Information, St Jude Medical, Public Storage, Coca-Cola Enterprises, Rockwell Automation, Avnet, Ralph Lauren, Lorillard, Continental Resources CA, Wynn Resorts Intercontinental Exchange, Mattel, Rock-Tenn, CenterPoint Energy, Harley-Davidson, Ventas, O'Reilly Automotive, Newmont Mining, McGraw-Hill Cos, Assurant, BorgWarner, Ashland, Ambac Financial Group, Hormel Foods, Prologis, Celanese, Alleghany, Arrow Electronics, Boston Scientific PulteGroup, T Rowe Price, Quest Diagnostics, CMS Energy, Zimmer Holdings, General Growth Properties, Charter Communications, NetApp, Starwood Hotels, Coach, New York Community, Campbell Soup, Dollar Tree, Western Union, First Republic Bank, Fiserv, Wisconsin Energy, Molson Coors Brewing, Sears Holdings, Alliance Data Systems, FMC Technologies, Intuit, Henry Schein Lear, Ameren, Fidelity National Financial, American Financial Group, WR Berkley, Moody’s, Jacobs Engineering, Dr Pepper Snapple Group, Cincinnati Financial, Crown Castle International, Lennar, Equity Residential, Intuitive Surgical, CH Robinson Worldwide, Ingram Micro, Avalonbay Communities, Host Hotels & Resorts, Brown-Forman, JM Smucker, Mead Johnson Nutrition, Analog Devices, Clorox, Amphenol, Southwestern Energy, Raymond James Financial, Health Care, REIT, AutoNation, CONSOL Energy, Zions Bancorp, Vornado Realty, Juniper Networks, Universal Health, Regeneron Pharmaceuticals, Keurig Green Mountain, Torchmark, Paychex, Catamaran, CNO Financial Group, Zoetis, Helmerich & Payne, Xilinx, Rockwell Collins LabCorp, Family Dollar Stores, Protective Life, PVH, Calpine, DR Horton, AGCO, Rite Aid, Mohawk Industries, CR Bard, SCANA, Manpower, Ball Flowserve, Markel, Roper Industries, Wyndham Worldwide, Community Health Sys, Advance Auto Parts, Adobe Systems, Pioneer Natural Resources, Starwood, Property Trust Cerner United Rentals Caesars Entertainment EQT Ametek, Level 3 Communications, Aramark, US Steel, E-Trade Financial, KLA-Tencor, Fastenal, Interpublic Group, Quanta Services, Old Republic International, Visteon, CBRE Group, Cimarex Energy, Scripps Networks Interactive, American Water Works, Tenet Healthcare, Petsmart, Sigma-Aldrich Newell, Rubbermaid, Salesforce.com, Foot Locker, Westlake Chemical, Rockwood Holdings, Darden Restaurants, Two Harbors Investment, World Fuel Services, Altera, Chipotle Mexican Grill, Linear Technology, Beam, Avis Budget Group, Jarden, Harbinger Group, NVIDIA, Harris, Forest Laboratories, Expeditors International, Eastman Kodak, Alexion Pharmaceuticals, Tech Data, Tractor Supply, Crown Holdings, Cliffs Natural Resources, Alaska Air Group, JB Hunt Transport, NCR, Masco, Twitter, First Niagara Financial, Netflix, JC Penney, Tesla Motors, Huntsman, Waters, SL Green Realty, WABCO Holdings, Affiliated Managers Group, LinkedIn, PBF Energy, Reliance Steel, Pinnacle West, BOK Financial, Hudson City Bancorp, Realogy Holdings, Kansas City Southern, McCormick & Co, Dick's Sporting Goods, Jabil Circuit, Murphy USA, Varian Medical Systems, MeadWestvaco, VeriSign, CVR Energy, Monster Beverage, East West Bancorp, Gannett, Illumina, Nelnet, SVB Financial Group, Church & Dwight, Maxim Integrated Products, AGL Resources, Supervalu, Avon Products, Airgas, GameStop Corp., American Equity Investment, UGI, Citrix Systems, Polaris Industries, Signature Bank, NASDAQ, OMX Group, Interactive BrokersGroup, Cablevision Systems Corporation, Cheniere Energy, Cabot Oil & Gas, Workday, Inc., Erie Indemnity, Verisk Analytics, Sealed Air, B/E Aerospace, Dean Foods, Penske Automotive, Antero Resources, Vertex Pharmaceuticals, Peabody Energy, LKQ, Whiting Petroleum, Denbury Resources, Concho Resources, OGE Energy, People's United Financial, Microchip Technology, CareFusion, CC Media Holdings, Integrys Energy Group, Alliant Energy, Ingredion, Symetra Financial, City National, CST Brands, Edwards Lifesciences, New Media Investment Group, Pall, Amdocs, Frontier Communications, Packaging Corp of America, Brunswick, Hanesbrands, Akamai Technologies, Towers Watson & Co., Stericycle, Range Resources, Western Refining, Joy Global, Oceaneering International, American Natl Ins, TripAdvisor, Windstream, Teradata, URS, FMC, Oshkosh, Synovus Financial, Equifax

 
 
Source
Current account balance

US$ -391.093 billion (2014 estimate)

Current account balance by percentage of GDP

-2.231% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

13.5% (2012)

 

Shares in world total merchandising export

8.4%(2012)

 

Shares in world total commercial services export

14.38% (2012)

Total exports

US$1.575 trillion (2013 estimate) 

Export commodities

 agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0%

Total imports

US$2.273 trillion (2013 estimate) 

 
 
Source
Import commodities

agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys)

Exports - major partners

Canada 18.9%, Mexico 14%, China 7.2%, Japan 4.5% (2012)

Imports - major partners

China 19%, Canada 14.1%, Mexico 12%, Japan 6.4%, Germany 4.7% (2012)

FDI inflows
2011 2012 2013
US$ 223,759 million US$ 160,569 million US$ 187,528 million
FDI outflows
2011 2012 2013  
US$ 386,724 million US$ 366,940 million US$ 338,302 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 85,717 million US$ 137,107 million US$ 72,376 million US$ 58,926 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Eaton Corp, Cooper Industries PLC, Ireland, 11.5; Capital One Financial Corp, ING Groep NV, Netherlands, 8.9; Shareholders, Tyco International Ltd, Switzerland, 8.3; Walgreen Co, Alliance Sante Participations, Luxembourg, 6.7; Watson Pharmaceuticals Inc, Actavis Group, Switzerland, 6.0; Plains Expl & Prodn Co, BP PLC, United Kingdom, 5.6; Cisco Systems Inc, Permira Advisers LLP, United Kingdom, 5.0; Exxon Mobil Corp, Exxon Mobil Corp, United States, 5.0; Western Digital Corp, Hitachi Ltd, Japan, 4.8; Molson Coors Brewing Co, CVC Capital Partners Ltd, United Kingdom, 3.5; PNC Finl Svcs Grp Inc, Royal Bank of Canada, Canada, 3.5; UnitedHealth Group Inc, JPLSPE Empreendimentos, Brazil, 3.2; 

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Perrigo Co, Elan Corp PLC, Ireland, 8.5; American Tower Corp, Macquarie Group Ltd, Australia, 4.8; GE, Cinven Ltd, United Kingdom, 4.3; General Motors Co, Ally Financial Inc, United States, 4.2; Baxter International Inc, EQT Partners BV, Sweden, 4.0; MetroPCS Communications Inc, Deutsche Telekom AG, Germany, 3.7; Giovanna Parent Ltd, Focus Media Holding Ltd, China, 3.6; Biogen Idec Inc, Elan Corp PLC, Ireland, 3.3; Markel Corp, Alterra Capital Holdings Ltd, Bermuda, 3.0

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 4 out of 189 countries (2013)

Subcategories:

Starting a business: 20 out of 189 countries

Enforcing Contracts: 11 out of 189 countries

Registering Property: 25 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 6 out of 189 countries

Trading across border: 22 out of 189 countries

Paying Taxes: 64 out of 189 countries

Dealing with Construction Permits: 34 out of 189 countries

Getting Electricity: 13 out of 189 countries

Resolving Insolvency: 17 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

3

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 12 Score: 75.5 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-5  (5 time zones)

Total area

9,826,675 sq km
 

Capital

Washington, DC 

Currency

US Dollar (USD) 

Government type

Constitution-based federal republic

Languages

English 82.1%, Spanish 10.7%, other Indo-European 3.8%, Asian and Pacific island 2.7%, other 0.7% (2000 census)

Religions

Protestant 51.3%, Roman Catholic 23.9%, Mormon 1.7%, other Christian 1.6%, Jewish 1.7%, Buddhist 0.7%, Muslim 0.6%, other or unspecified 2.5%, unaffiliated 12.1%, none 4% (2007 estimate)

Total population
1980 1990 2000 2014* 2019**
227.622 million 250.047 million 282.296 million 318.814 million 331.518 million

*Estimate **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
70% 74% 79% 81%
Population median age

37.6 years (2014)

Population growth rate

0.77% (2014)

Life expectancy

79.56 years (2014)

Adult literacy

99% (2003 est.) 
 

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

41.1 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

153.82% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

77.86% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Washington, DC 92nd (2014)

Source
CO2 emissions(Metric tons of CO2 per capita)

17.6

(Data were released in 2010)

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