CEOWORLD based its assessment on a range of living costs, such as accommodation, clothing, taxi fares, utility, internet, the price of groceries, transport, and eating out. The rankings are based on five major metrics: cost of living, rent, groceries, eating out and purchasing power.

The 10 most affordable countries in the world are Georgia, Kosovo, Venezuela, Tunisia, Kyrgyzstan, Uzbekistan, Syria, India, Afghanistan, and Pakistan. Switzerland is the most expensive country in the world to live in while Norway has been ranked second place followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.