In 2023, Hong Kong was the most expensive city for business travel in the Asia-Pacific region, in which daily costs amounted to approximately *** U.S. dollars. On the other hand, the daily cost for business travel in Bengaluru was approximately *** U.S. dollars in 2023.

In 2023, Hong Kong was the city in the Asia-Pacific region which was the most expensive for business travel in terms of daily hotel cost, in which the average daily hotel cost was approximately ***** U.S. dollars. Contrastingly, the average daily cost of a hotel for business travel in Tianjin was approximately ***** U.S. dollars in 2023.

In 2019, the city in the Asia Pacific region which was the most expensive in terms of prime real estate was Hong Kong, in which prime real estate cost on average **** thousand U.S. dollars per square meter. Contrastingly, in Manila prime real estate cost on average just under *** thousand U.S. dollars per square meter in 2019

This statistic shows the price per square foot in selected prime residential markets worldwide in 2018. Hong Kong was the most expensive residential market globally with average prime residential values of ***** U.S. dollars per square foot.

In the fourth quarter of 2024, the average monthly rent for grade A office space in Hong Kong's Central district amounted to *** Hong Kong dollars per square meter. Central had the most expensive office real estate among all districts in the city. Compared to other major cities in the Asia-Pacific region, Hong Kong had the highest average rent for grade A office real estate.

The total grade A office stock in Hong Kong in 2024 amounted to almost **** million square meters. The city had the most expensive office space among major cities in the Asia-Pacific region.

In 2019, Hong Kong was the most expensive city across the Asia Pacific region in terms of fine dining, in which the average cost of dining at a luxury restaurant was *** U.S. dollars. Alternatively, it cost on average ** U.S. dollars to dine at a luxury restaurant in Manila in 2019.

In 2024, the vacancy rate of grade A office real estate in Hong Kong surpassed ** percent which amounted to almost **** million square meters. The city had the most expensive office space among major cities in the Asia-Pacific region.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately *** million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly *** million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly **** million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly *********** U.S dollars.

In 2024, the average price for one liter of petrol in Hong Kong was about ***** U.S. dollars, which made Hong Kong the most expensive place to buy petrol in the Asia-Pacific region. In contrast, the price for one liter of petrol in Malaysia averaged **** U.S. dollars in that same period.

In 2020, the average price for one kilogram of bread in Singapore was **** U.S. dollars, a decrease of **** dollars from the previous year. In that year, Singapore was ranked the ****** most expensive city in the world, after Zurich, Paris, and Hong Kong.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In 2020, the average price for a standard *** ml bottle of beer in Singapore was **** U.S. dollars. In that year, Singapore was ranked the ****** most expensive city in the world, after Zurich, Paris, and Hong Kong.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.