Switzerland might not lead Europe on average income (GDP), but it wins on cost, according to recent Eurostat data. Average GDP per resident was 2.63 times the EU average in Luxembourg and 2.09 times in Ireland. Switzerland, came in third with GDP per head of 1.60 times the EU average. Germany (1.11 times the EU average), France (1.09) and Austria (1,04), while above the EU average, are all cheaper than Switzerland. Areas where Switzerland is particularly expensive include education (2.75 times the EU average), health (2.27), housing and energy (2.06) and groceries (1.72).

Source: Le News December 23, 2021 08:44 UTC