"Cost of living and purchasing power related to average income

We adjusted the average cost of living inside the USA (based on 2021 and 2022) to an index of 100. All other countries are related to this index. Therefore with an index of e.g. 80, the usual expenses in another country are 20% less then in the United States.

The monthly income (please do not confuse this with a wage or salary) is calculated from the gross national income per capita.

The calculated purchasing power index is again based on a value of 100 for the United States. If it is higher, people can afford more based on the cost of living in relation to income. If it is lower, the population is less wealthy.

The example of Switzerland: With a cost of living index of 142 all goods are on average about 42% more expensive than in the USA. But the average income in Switzerland of 7,550 USD is also 28% higher, which means that citizens can also afford more goods. Now you calculate the 42% higher costs against the 28% higher income. In the result, people in Switzerland can afford about 10 percent less than a US citizen."

Source: https://www.worlddata.info/cost-of-living.php

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

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.

The Global Cost of 1GB of Mobile Data

How Much Does it Really Cost?

By Andy Kriebel [source]

About this dataset

This dataset contains the average price of 1GB of mobile data by country. It includes data for over 150 countries, providing a valuable resource for anyone interested in global mobile data pricing trends. The data is sourced from Visual Capitalist, and was last updated in 2021

How to use the dataset

This dataset contains the average price of 1GB of mobile data by country as of April 2021. The data is sourced from Visual Capitalist.

To use this dataset, you can simply download it and then open it in your preferred spreadsheet software. The dataset is organized by rank, with the most expensive countries being listed first. Each row also lists the country's name and its corresponding average price for 1GB of mobile data.

If you want to compare the cost of mobile data across different countries, this dataset provides a useful starting point. You can also use it to track how prices have changed over time by comparing against previous editions of the dataset

Research Ideas

1. To compare the cost of living in different countries.

​

2. To find out which countries have the most expensive mobile data plans.

​

**3. To see how the cost of mobile data has changed over time

Acknowledgements

Data Source

License

License: Dataset copyright by authors - You are free to: - Share - copy and redistribute the material in any medium or format for any purpose, even commercially. - Adapt - remix, transform, and build upon the material for any purpose, even commercially. - You must: - Give appropriate credit - Provide a link to the license, and indicate if changes were made. - ShareAlike - You must distribute your contributions under the same license as the original. - Keep intact - all notices that refer to this license, including copyright notices.

Columns

File: Cost of 1GB of Data.csv | Column name | Description | |:---------------------------|:---------------------------------------------------------------------------| | Rank | The rank of the country based on the cost of 1GB of mobile data. (Numeric) | | Country | The country where the data was collected. (String) | | Avg Price of 1GB (USD) | The average price of 1GB of mobile data in the country, in USD. (Numeric) |

Acknowledgements

If you use this dataset in your research, please credit Andy Kriebel.

In September 2025, prices had increased by three percent compared to September 2024, according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restraints, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

Consumer Price Index CPI in the United States increased to 324.80 points in September from 323.98 points in August of 2025. This dataset provides the latest reported value for - United States Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold fell to 4,199.97 USD/t.oz on December 2, 2025, down 0.75% from the previous day. Over the past month, Gold's price has risen 4.93%, and is up 58.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on December of 2025.

Treatment costs and premature mortality costs in 2020 and 2021 (in constant 2020 USD).

Nickel fell to 14,879.88 USD/T on December 3, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 1.20%, and is down 7.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on December of 2025.

Key strategic insights from our comprehensive analysis reveal:

  The Asia-Pacific region is solidifying its position as the dominant force in the smart living market, accounting for over 41% of the global market in 2025 and exhibiting the highest CAGR of 10.86%. This growth is primarily fueled by rapid urbanization, a burgeoning middle class, and significant government investments in smart city projects in countries like China, India, and South Korea.
  Artificial Intelligence (AI) and the Internet of Things (IoT) are no longer just enabling technologies but core drivers of innovation. The market is shifting towards predictive and personalized experiences, where devices learn user habits to automate tasks, optimize energy consumption, and enhance security proactively.
  While convenience remains a primary driver, consumer focus is increasingly shifting towards energy efficiency and sustainability. Manufacturers that successfully integrate and market eco-friendly features, such as smart thermostats, lighting, and water management systems, will gain a significant competitive advantage.


Global Market Overview & Dynamics of Smart Living Market Analysis
The Global Smart Living Market is experiencing robust growth, projected to expand from $146.14 Billion in 2021 to $411.64 Billion by 2033, at a compound annual growth rate (CAGR) of 9.72%. This expansion is driven by the increasing integration of connected devices into daily life, aimed at enhancing convenience, security, energy management, and entertainment. The proliferation of high-speed internet, coupled with the rising adoption of smartphones and voice-activated assistants, is creating a seamless ecosystem for smart living solutions. As consumers become more tech-savvy, the demand for automated and intelligent environments continues to accelerate, pushing manufacturers to innovate continuously.

Global Smart Living Market Drivers

  Increasing Penetration of IoT and Connected Devices: The expanding ecosystem of IoT devices, from smart speakers to connected appliances, provides the foundational infrastructure for smart living. Greater connectivity and interoperability are making it easier for consumers to create a unified smart home experience, driving widespread adoption.
  Growing Demand for Convenience and Energy Efficiency: Modern consumers are increasingly seeking solutions that simplify their daily routines and reduce utility costs. Smart living technologies offer automation for tasks like lighting, climate control, and security, while smart grids and appliances help optimize energy consumption, appealing to both convenience-seekers and environmentally-conscious buyers.
  Rising Awareness of Safety and Security: Heightened concerns about home security are a significant catalyst for the market. Products like smart locks, surveillance cameras, and sensor-based alarm systems offer remote monitoring and real-time alerts, providing homeowners with enhanced peace of mind and control over their property.


Global Smart Living Market Trends

  Integration of Artificial Intelligence (AI) and Voice Assistants: The integration of AI-powered voice assistants like Amazon Alexa and Google Assistant is making smart living more intuitive and accessible. These platforms act as central hubs, allowing users to control a multitude of devices with simple voice commands, fostering a hands-free, interconnected environment.
  Focus on Health and Wellness Monitoring: There is a growing trend towards integrating health-monitoring features into smart living ecosystems. Devices like smart beds that track sleep patterns, air quality sensors, and connected fitness equipment are gaining popularity as consumers prioritize well-being within their homes.
  Development of Smart Home-as-a-Service (SHaaS) Models: A shift from one-time product sales to subscription-based service models is emerging. SHaaS providers offer bundled packages that include hardware, installation, maintenance, and 24/7 monitoring, reducing the upfront cost and technical barriers for consumers.


Global Smart Living Market Restraints

  Data Privacy and Security Concerns: The collection of vast amounts of personal data by smart devices raises significant privacy and security concerns. The risk of cyberattacks and data breaches remains a major deterrent for potential customers, hindering market growth.
  High Initial Investment and Perceived Complexity: The upfront cost of purchasing and instal...

Copper rose to 5.19 USD/Lbs on December 2, 2025, up 0.35% from the previous day. Over the past month, Copper's price has risen 3.22%, and is up 25.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on December of 2025.

Brazil Imports: Price: Agriculture: Live Animals, Not Including Fish or Crustaceans data was reported at 26,990.739 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 22,151.606 USD/Ton for 27 Apr 2025. Brazil Imports: Price: Agriculture: Live Animals, Not Including Fish or Crustaceans data is updated daily, averaging 36,090.808 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 6,287,500.000 USD/Ton in 16 May 2021 and a record low of 0.000 USD/Ton in 10 Sep 2023. Brazil Imports: Price: Agriculture: Live Animals, Not Including Fish or Crustaceans data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA010: Imports: Economic Activity: Product: Price.

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

Iron Ore rose to 106.94 USD/T on December 1, 2025, up 2.00% from the previous day. Over the past month, Iron Ore's price has risen 1.04%, and is up 1.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on December of 2025.

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on December of 2025.

The average cost per diabetic patient was approximately ***** U.S. dollars in North America and the Caribbean in 2024. This amount was far greater than for any other region. Within this region specifically, average diabetes-related health expenditure was by far the highest in the United States. Highest spending per patient In 2024, the average yearly cost per person with diabetes was the highest in Switzerland, where costs ran over ** thousand U.S. dollars per patient. The United States stood in second place that year, with approximately ****** U.S. dollars per person per year. Norway and Iceland were also among the ten highest spending countries. Diabetes mellitus worldwide In 2024, the country with the highest number of diabetic people in the world was China, which had a diabetic population of around *** million. India had the second-highest number of diabetics that year, with almost ** million people. These are, however, the world’s most populous countries. When comparing the number of diabetic people within a country to the rest of the country’s population, the results are quite different. In 2024, close to a ***** of the people living in Pakistan had the condition, making it the country with the highest prevalence of diabetes in the world.

Rubber fell to 171.90 USD Cents / Kg on December 2, 2025, down 4.50% from the previous day. Over the past month, Rubber's price has risen 0.82%, but it is still 14.65% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rubber - values, historical data, forecasts and news - updated on December of 2025.