Montenegro is on the 26th place among the 112 cheapest for life countries in the world

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Montenegro is on the 26th place among the 112 cheapest for life countries in the world.

According to research conducted by the financial consulting company GoBankingRates, Montenegro ranked 26th in the list of 112 cheapest countries for living in the world.

"Montenegro is a small country, located on the Adriatic coast bordering Albania and Serbia. The state, with a population of about 650,000, has a strong agricultural and metallurgical industry, "the researchers said.

According to the company, the prices for the food basket in the country are among the lowest among the 50 countries that are on the list.

This analysis was published by the American magazine Time. When compiling the rating of countries, local purchasing power, the index of the cost of consumer goods and services, the index of the cost of rent and the food price index were taken into account.

A comparative analysis of prices in the countries surveyed, compared to the cost of similar goods and services in New York, shows that the price of renting a house in Montenegro is cheaper than renting a similar metropolitan area by 88.8%, the cost of food products is lower by 68.9%, and the difference prices for local goods in relation to the American, is almost 61%.

Among the Balkan states, the leading position in the list is occupied by Kosovo, which is ranked third in the published rating, followed by Macedonia - 10th line and Bosnia and Herzegovina ranked 11th among the least expensive countries.



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