The Cost of Living Index, compiled by online platform Numbeo, shows that the Cayman Islands (a territory of the United Kingdom), Switzerland and Singapore are the most expensive countries in the world, a situation reflected in their developed economies, high wages and premium real estate markets. In the case of the Cayman Islands, the economy is powered by offshore finance, tourism and real estate – all industries that attract wealthy residents and investors, according to visualcapitalist.com.
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