Seychelles ranked 19th most expensive country |06 February 2020

Seychelles is ranked the 19th most expensive country to live in in the world out of a list of 132 countries compiled by the CEOWORLD business magazine.

Switzerland tops the list as the world's most expensive country, with Norway second and Iceland third.

Denmark and Luxembourg also featured in a Europe-heavy top 10, along with Japan, the Bahamas, Israel, Singapore and South Korea.

The United States was 20th and the United Kingdom seven places lower in 27th.

CEOWORLD, which compiled the list, describes itself as 'the world’s leading business magazine' for top company executives.

According to the Daily Mail newspaper, experts measured countries by a range of living costs including purchasing power, accommodation, clothing, taxi fares, utility, internet, the price of groceries, transport, eating out and the cost of living.

They used the cost of living in notoriously expensive New York City as a benchmark, assigning it an index score of 100.

Only three countries – Switzerland, Norway and Iceland – were ranked as being more expensive than New York.

Switzerland came in as comfortably the most expensive country in the world with a score of 122.4, well ahead of second-placed Norway on 101.4.

As well as being the overall leader, Switzerland was ranked as the most expensive country for groceries and restaurant prices.

On the other hand, Pakistan is officially the least expensive country, followed by Afghanistan, India and Syria.

The least expensive European country on the list is Kosovo (124th) followed closely by Georgia (123rd).

List of the world's 25 most expensive countries

1. Switzerland - 122.4

2. Norway - 101.43

3. Iceland - 100.48

4. Japan - 83.35

5. Denmark - 83

6. Bahamas - 82.51

7. Luxembourg - 81.89

8. Israel - 81.15

9. Singapore - 81.1

10. South Korea - 78.18

11. Hong Kong - 77.22

12. Barbados - 76.02

13. Ireland - 75.91

14. France - 74.14

15. Netherlands - 73.75

16. Australia - 73.54

17. New Zealand - 72.53

18. Belgium - 71.78

19. Seychelles - 71.59

20. United States - 71.05

21. Austria - 70.38

22. Finland - 70.29

23. Sweden - 69.85

24. Canada - 67.62

25. Puerto Rico - 67.54