Most Expensive Country | Switzerland

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 Welcome to Switzerland

A country which is famous for many things. Tourism, their chocolates, their Swiss banks but in this ground report today, i would like to talk about an aspect of Switzerland that not many would think about.

Switzerland is world’s  most Most Expensive Country

What is the cost of living index?

The cost of living index, or general index, shows the difference in living costs between cities. The cost of living in the base City is always expressed as 100. The cost of living in the destination is then indexed against this number.

New York was taken as the baseline while calculating this index.

The cost of living index of New York is 100

And New York is counted as one of the Most Expensive Country  of the world.

There are only 6 more cities that are more expensive than New York. And their cost of living index is more than new York.

1, Zurich, Switzerland.       131.49

2, Lugarno ,Switzerland.        130.75

3, Basel, Switzerland.         130.65

4, Geneva, Switzerland.       126.08

5, Lausanne, Switzerland.    125.03

6, Bern, Switzerland.             116.53

7, new York, USA.                  100.00

The cost of living of India, for comparison is 24

Why is it?

What is the reason that some Most Expensive Country and some are so inexpensive?

Why is Switzerland especially so Most Expensive Country?

Switzerland’s stable labor market and low unemployment rate account for a high GDP per capita, excellent healthcare and a social security system that leaves no one behind.30

We will find out about this in today’s ground report.

500 years ago, countries like India and China that are developing, were richer in comparison with Europe, the reason it is said is that humanity at that time, 500 years ago revolved around agriculture, it was the time of agriculture revolution but when the industrial revolution came, it started in Europe and after the advert of the industrial revolution.

 the economy of the world started to revolve around the industries it switched over from agriculture it’s the primary, secondary territory sectors they we read about the theory States that the climate was very comfortable in countries like India and China.

What are the things Switzerland is famous for?

Their luxury watches, chocolates, highly developed tourism sector.

What makes Switzerland more expensive than the rest of the European countries as well?

There are numerous expensive reasons for this. If you want to see and know more about Switzerland.

There are a lot of rich people in this country. There are a lot of them, you would not believe how many. According to statistics, Switzerland has the highest per capital of millionaires that amounts to 11.8% of their adult population. That is every 10th person you come across on the street, statistically, is a millionaire

Why do millionaires flock to Switzerland?

One reason is that tax here is very low. The country does not charge so much for businesses.

What is the tax rate here?

The VAT rate of Switzerland is one of the lowest in the world. It is around 8% on most of the things. It is around 7.7% when you go eat in a restaurant. It is 3.8% for accommodation and services and merely 2.5% on the basic necessity items compare it with your GST.

 Similarly the cost of a one way ticket transportation cost in 30 rupees in Delhi and 300 rupees in Zurich. That almost 10 times the cost!

The basic electricity cost in 4000 rupees in Delhi, for an 85 sq kilometer in Zurich, it is 16,000 rupees. If you want to rent a one bedroom apartment in the city center in Delhi, it would cost around 18000 rupees while in Zurich, it would cost more than 1 lakh 50000 rupees.

 The average salary of the people in Delhi is 38,000 rupees. In Zurich it is more than 5 lakh rupees per month. This is a huge advantage of living in an expensive country, if you are earning in the same currency.

The second reason is that their banks are very safe. They have remained highly popular historically. For the people who wanted to export their money out of their countries and indulge in money laundering  you must already be aware About Swiss banks. So their banks have enjoyed a high reputation historically.

Third and most important reason is that Switzerland is a country that has remained safe and stable historically. And all  rich people, obviously would want to live the in a stable country.

 They would not want to live in a country where there is an ongoing fight. Or where the people are killing each other in name of faith and there are riots all over uselessly.

What did Switzerland have compare it with Germany?

When Germany was being ruled by a dictator 60-70 years ago, all these countries was involved in a world war. So all the Milliners’ of Europe came to live in Switzerland because it was the only safe and neutral country.

Why is Switzerland the most developed country?

The Swiss economy’s high degree of development exists thanks to a liberal economic system, political stability, and close integration with the economies of other countries. The state creates the necessary framework and only intervenes when this serves the interests of society at large.

https://en.wikipedia.org/wiki/Switzerland

https://www.britannica.com/place/Switzerland

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