World's MOST Expensive Country
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- čas přidán 20. 05. 2024
- Subscribe: / uptin here are 7 reasons why Switzerland is one of the world's most expensive countries.
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Nice map of Europe with Czechoslovakia and Yugoslavia. Peak american moment...
Good eye surprised he made that mistake with all the travelling.
@@EvanRamani hahaha
@@EvanRamani interesting how thats a european moment, pointing out your flaws
Interesting. But Germany already unified. Must be a map from that short period of 1990-1991
😂
Believe it or not, a good way to save money on food when traveling in Switzerland is buying from supermarket bakeries. The quality of the food is very high, and in many cases much better than the local cafes. Also, the prices are competitive, only a tad bit higher than mainland Europe. Migros is a good supermarket to get snacks.
Wow, thank you Uptin! I didn’t know that Switzerland had higher rent than other European countries. Another great video!
yeah, so crazy
I made a personal comparison between NY and Zurich food prices.. I live in NYC for 13 years and visited switzerland couple of times and stayed about a month on August 2022. I always checked restaurant menus when I walked around. Ex around bahnhofstrasse or near the lake. I see prices such as pasta for 27 - 32 chf and salad places such as "Not guilty" for like around 20-22 chf or a take out poke for 26chf.
In NYC, nice pasta restaurant also is 27-35$ + tax + tip, Salad places such as *sweetgrees* is around 12- 16$ + tax, poke is like 15 to 18$ + tax
So this is what I realized,
A. when you dine in - NY is more expensive than Zurich because in zurich 30chf pasta is 30chf vs NYC 30$ +8%tax + 18-20% tip, wc at the end is $38.2!
B. When you do take out (fast and easy meals/food) like salad bars.. Zurich is more expensive. Prices starts around 18- 20chf vs Salad in NYC usually starts 8$ and u build and ends up around 14$ and no tip!
in switzerland tips arent common at all, employers pay the workers enough, just a tip as an italian, generally other than in ultrarich zones like tropez ( france ) people dont really expect to be tipped
I'm currently in Switzerland staying for a month. While I Totally agree that restaurant prices are insane, I was very surprised that most of consumer staples goods are pretty reasonably priced. The other day I got a 16oz body lotion for $3.
When i was in Switzerland, we shopped at Co-op and Aldi. The prices weren't that much higher compared to where i live
I live in geneva but you miss some points , about visa, safety and innovation. For an introduction video about switzerland it is ok but why not providing more economics indicator like gdp, minimal wages etc
#2 doesn’t make sense at all strong currency means imported goods are cheaper, not more expensive. I get your points about economies of scale that can increase price but a high currency impacts pricing for exports making it expensive to others buying externally.
@jayl exactly what I thought as well !. Strong currency means imports are cheaper , but bad for exports. ..he also said something about good banking regulations, ummm didn't one of their major banks collapse and was forced to be bought out 🤔
but rents and salaries are higher. and with higher salaries international chains like H&M will charge more for their products than in Germany.
Spotted this also! Imports are cheaper, exports are harder however other then toblerone not sure what else they export 🤣😂
I was thinking the same 🙂
you failed to mention that Credit Suisse collapsed recently. its not all that great there
Ikr I liked how he showed Credit Suisse for banking 😂
Considering that a global critical bank collapsed this turned out extremly lucky.
I don't think people understand how close the world economy was to a meltdown...
Singapore is a great country. No drugs and no homeless. A country that actually punishes criminals.
If so China is a greater country than Singapore, You never find any drug dealers and homeless people who have been already executed
I live in switzerland and there are almost no homeless people without inhumane rules.
Switzerland is a beautiful country
Love the cheese 🧀
Regardless Yeahh! It’s a great country to still visit
3:08 I disagree with point 3. Strong currency makes things better for import and worse for export. Strong US dollar means american purchasing power is high and american goods exported are expensive
alright, y'all need to help me, what is the music that starts playing at 0.59? I've been looking for it for ages
It’s probably on storyblocks but not sure the name
Another great video. Thank you Uptin. Can you please explain why imported goods can be expensive because of the exchange rate? If Swiss has a stronger currency, the import has to be cheaper, isn't it?
I thought so too
i think he made a mistake
Switzerland has its own game. What we think expensive is just regular daily basis to them
Not only that but the national bank implemented for a long time negative interest rates to discorage foreigners from buying swiss franc.
Foreigners did buy CHF anyway because the swiss franc is extremly stable meaning even with negative interest rates the value was more stable then most other currencies with normal inflation.
@@Slithermotion dayum
I saw your recent video on Lebanon. How much is a Big Mac over there now in US dollars?
Here in New York you can find a breakfast for 2 costing $40.
It’s crazy how Singapore, country with higher take home salary than Switzerland is a lot more affordable in term of food and other essentials. You can get lunch for $4SGD or $3USD in Singapore and it can be the best dish you’ll ever have (sometimes Michelin star dishes for $3USD!). These expensive European countries can really learn from Singapore and subsidise food, it’s literally the most essential thing a person needs. Not to mention, their gov also subsidises other essentials such as housing, high quality education and healthcare, basically everything a person needs. At the end of 2022, there were 638 homeless people in Singapore, yes they can count their homeless people!! That’s just crazy.
Soon Singapore will be an idol🤯
Singapore is one of the countries that does not have democracy and one of the countries that has the death penalty
the median salary is way higher in switzerland than in singapore...
As I understand there is no minimum wage in Singapore and plenty poor people working very long hours for low income making cheap food. In Denmark minimum wage is like $ 20 an hour times 8 hours = $ 160 a day.
Four-hundred thousand Singaporeans live on $5 a day. Singaporeans Against Poverty, the campaign whose concern is “for those in Singapore caught in the cycle of poverty despite our economic success,” began the $5 challenge, where people can pledge money and try to live on a $5 per day budget.
A survey from the Housing Development Board showed that one-third of Singaporeans living in one or two room flats have no source of income. Additionally, an Ipsos APAC and Toluna study found that 62 percent of Singaporeans state that their dissatisfaction is a result of their personal financial situation.
The average salary in Singapore is not higher than Switzerland, I'm sorry. I think you might've misunderstood the information provided.
how do we pronounce Uptin and wt does it mean?
I'm surprised that it not apart of EU
Neutrality serves them well especially the financial systems!
Seeing how EU ministers get "elected" might also contribute to the decision of staying away.
The rest of Europe had monarchies, fascist or communist regimes while switzerland is the second oldest standing democracy after the US. And the only direct democratic one, around 96% direct democratic votes have been made in switzerland compared tothe rest of the worlds 4%.
So while most europeans look at the EU as a democratic stabilisation for swiss though it's a downgrade.
A lot of Europeans will say that direct democracy would be compatible with the EU in reality it's not.
The EU depends on fast representive decision making, sometimes they even ignore referendum decisions or repeat it until the result is "right".(French people know what I mean).
The funny thing is the EU itself has a democratic instrument to make a public vote however it also states that the EU is allowed to ignore it...and it was never used.
TLDR The EU is a great super national organisation, but the democratic system does not work with swiss people and their culture of democracy.
They are not just on paper.
I'm convinced you used ChatGPT to write this because anyone who has done some recent basic research as of 2023 would know much of what you said doesn't apply anymore. Also, universal high salaries does not mean goods "must" be expensive, especially food. There are affordable groceries in Genève, but no affordable restaurants/cafes. The reason for this is greed, everything is expensive because businesses "can" charge more, not because they need to. Even small "mom and pop" shops in this city will charge 20+ for appetizers and 40 for a main course.
If the waiter at the restaurant is making 4-5grand per month, trust me, the price of your croissant and café will reflect that. Not so much at the supermarket because they will not be making food from scratch and other reasons like self checkout machines. Being charged 9bucks for less than a litre of Evian water at a restaurant? Yeah no excuses for that.
Its the same wherever you go in the West... if the cost of living is high then salaries are high, or taxes are low but higher retail prices, or low inflation (for example: presently Switzerland only has 2. something% compared to other European countries running near or above 10%).. the zig zag game, wether this way or that...in the end the governments make sure and know how to get the maximum money parted from the people for self benefit.
Stability leads towards real production values. And not to the gambling of devaluation!
Wrong,the more expensive countries in the world are Great Britain, Canada and United States.
Japan 🇯🇵 McDonald’s are next uptin you got it.
Hahaha is it?
Switzerland 🇨🇭 is extremely expensive
I would say Australia is probably more expensive than Switzerland.
0:59 sorry buat this logo dont exist anymore "its gone"
Without watching video I’m guessing it’s in Luxembourg or Kuwait
Switzerland
Kuwait has cheap Big Macs.
fair guess! but no aha
Switzerland has stable banks
Shows Credit Suisse
It sounds you did your research based on Tik Tok videos😅
Thanks to the UN Geneva might be a bit more expensive or Zurich Paradenplatz thanks to the banks. However you hardly find swiss people there.
Would be happy to show you the real Switzerland where you get amazing food, wine and view to a decent price (much lower than in e.g. NYC)
$40??😱
The best thing for tourists to do is not visiting.
Living in a swiss tourist area I agree.
Sometimes I get the feeling like I'm the tourist because I only see asians.
And why do Chinese people undress their t-shirt on a mountain and start to scream....srly I want to know.
I don’t agree with the 2nd reason. Strong Swiss Franc means relatively cheap imported goods.
You’re an awesome 😎 and amazing 🥲 CZcams channel.
Thank you so much 😁
Why youtube keep recommending me this dude face ? I already hide him face !
Ok
I was just here to see most expensive Big Mac...
lol @ Credit Suisse stock down 99.9% 😂
My swiss friend told me once that waiters in Geneva earn like $4000.
A day
I wonder if they have a higher purchasing power than the USA.
Cheers
The best country of the world historically.
yeah ... but their salaries are higher than everyone else
“Imported goods will be more expensive “.. no the other way around ..
Live an hour down the road in France while working in Geneva is the easiest way to get rich
Lol working in singapore but live hour down the road in malaysia is easier way to get rich 😂😂😂😂
#2 is wrong it should be that exported goods are expensive not imported.
No it isn’t. You don’t even pay for exported goods. If you live in Australia for example and you want to buy a Norwegian chocolate, it will be more expensive because that chocolate will have to be imported via train and boats etc. Since Switzerland is landlocked, not in the EU and mountainous, it is more expensive to import than for example of the UK wanted to import something.
@@mostafaa_dzou don’t get it. Having higher currency means you can afford more. Buying a $5 gadget from China would be relatively cheaper for a Swiss person than an American because they have a high currency and buying power. Where exports would be expensive because it would seem expensive to external countries because how expensive it is to produce it in their economy (higher wages and generally stronger currency). If you’re talking strictly about the cost importing due to logistics to Switzerland maybe but it’s definitely not due to currency, which what the point he was trying to make.
@@Jayl__Purchasing power, not buying power but I get what you mean. Also, you’re partially right because either way, it still costs way more money to import to Switzerland which is landlocked and only has trains and planes to get in the country than a country like the US which borders 3 oceans and is close to Asia.
@@mostafaa_dz It was said because of currency exchange rates. If it is due to currency exchange rate and ceteris paribus, it should be relatively cheaper isn't it?
😢
It’s temporary. Things will crash in short order.
Switzerland isn’t the same. Yes, Swiss banks had a policy that they can’t disclose information about their customers, but during Obama era these policies changed. The US threatened to sanction Switzerland if they didn’t agree to disclose information about their US customers. The US wanted the Swiss banks to release information so that can tax the rich and prevent any loopholes for the rich. Swiss banks have nothing special. The model that worked for the Swiss is collapsing and we have all seen a recent Swiss bank collapse. This is a major indicator that Switzerland doesn’t have that competitive edge anymore.
Credit Suisse failed just a few months ago. So we cannot say their regulations are any good.
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Imagine u live in a country where almost everyone is a semi millionaire.
After a years work ur a centi thousandaire.
After ten years work ur almost guaranteed to be a millionaire if u live in moms basement
Swiss banks just gamble....credit suisse:), just like any American bank.
Swizz is its former glory, when they decide to be not neutral.
Sweden wants to join Nato not Switzerland.
Americans and maps .....
How is point 5 related to Switzerland being expensive to live in at all? Didn’t answer the question for viewers at all. Not one of your best videos
What's the point of having high salary when you can't save anything lol. It will all go in expenses and taxes. If salary is high, taxes will make up for it to make you feel like you living in a third world country.
its good if the price expensive when salary received were high… but not good for tourist & foreigner worker😅…
So Switzerland cost of living is similar to Canada but average Canadians make peanuts or half the average Swiss citizen. 🤡🇨🇦🤡🇨🇦🤡💀💀🤡🇨🇦
Dude.. you should come to Costa Rica you'll be surprised!
Wow 😱🦧
WRONG. you are buying a normal priced big mac with the worlds worst currency,
By the way! no one should eat this fast food. It’s the worst.
Yes! Yet there are thousands of chains at every corner in majority of cities!
Haha there’s very bad habitation for expensive.
very bad with insects and stuff …
Propaganda
Rolex was founded in London, it's british not swiss.
Either lay off the McDonald's videos or I'm unsubscribing. McDonald's does not represent the world's value system.
Cost of living is high because salaries are high. The only way you can be rich is when people are poorer than you. As simple as that.
Not true!
And I thought Dubai was expensive...
What's up with Americans and basic grammar? Dude, how can you write it as "europe" and not Europe? I mean, come on!
You’re suppose to capitalized Europe because it’s consider name of a place
Pretty sure i saw this guy last week at St Pancras, waiting for Eurostar!