Uzbekistan is one of the cheapest countries in terms of living expenses
Uzbekistan among the countries with the lowest living expenses Uzbekistan has ranked among the cheapest countries to live in worldwide. This was reported by Zamin.uz.
According to the ranking published by the analytical platform Numbeo, the country took 138th place out of 155 countries. The lower the rank in the rating, the cheaper the cost of living.
The study used New York City as a comparison benchmark, with its cost of living index set at 100 points. The smaller the index, the cheaper housing, services, and daily expenses are in the country.
Uzbekistan's cost of living index is 27.3 points. This figure is noted as one of the lowest in the world.
The study analyzed areas such as housing rent, utilities, food prices, restaurants, and the purchasing power of the population. According to Numbeo data, prices in Uzbekistan stand out for being low in almost all categories: - Cost of living index — 27.3 - Rent index — 12.2 - Cost of living plus rent — 20.6 - Food price index — 30.1 - Restaurant and cafe price index — 23 - Purchasing power index — 47.8 However, these low prices should be assessed taking into account the population's income levels.
The purchasing power indicator shows the population's ability to cover daily expenses, and this factor affects how much people feel the "affordability." The countries in the Central Asia region with relatively low living expenses are as follows: - Kazakhstan — 128th place (29.8) - Tajikistan — 136th place (27.9) - Uzbekistan — 138th place (27.3) - Kyrgyzstan — 140th place (27.3) Data for Turkmenistan was not provided.
In the Numbeo ranking, the most expensive countries to live in are Bermuda, the Cayman Islands, and the Virgin Islands, while the cheapest countries include Pakistan, India, and Libya. In conclusion, the low cost of living in Uzbekistan is, on one hand, an opportunity, but on the other hand, it indicates the need to increase the population's income.
Ensuring economic stability in the country remains one of the main tasks, not only by keeping prices low but also by increasing incomes and improving the quality of wages.
