Switzerland ranked more expensive than all European countries

Switzerland ranked more expensive than all European countries
Filling this shopping bag doesn't come cheap. Photo by AFP
Prices are 55 percent higher in Switzerland than the average across the EU, new figures released by the Federal Statistical Office (FSO) indicate.

In 2019, the Swiss had to spend more than 155 euros on a basket of goods costing on average 100 euros in the 27 countries of the EU, or 173 francs at the average conversion rate.

This means that the price level stood at 155.2 points, compared to 100 in the Union.

At the same time, an Austrian only had to spend €114, a German €111 euros, a French person €109, and an Italian €100, according to the international comparison.

READ MORE: Cost of living in Switzerland: How to save money in Zurich

Certain products and services are particularly expensive in Switzerland.

A resident of Switzerland will pay €302 for hospital services compared to €100 in the EU. Education (270) and meat (231) are also more expensive.

Personal means of transport, as well as computer and audiovisual equipment are average for the continent. However, furniture, rugs and other floor coverings cost slightly less in Switzerland (94.4).

In regard to gross domestic product (GDP), Switzerland is the most expensive country in terms of price level. With 155.2 points, it is ahead of other notoriously costly European nations like Iceland (152.5 points) and Norway (147.6) .

Turkey, on the other hand, records the lowest price level (44.4), followed by North Macedonia (45.6) and Albania (50.0).

 


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