It's even more expensive in some locations. A car in Sri Lanka costs more than buying the same model in Canada. In Canada the Yaris Hatchback for example is hal

It's even more expensive in some locations. A car in Sri Lanka costs more than buying the same model in Canada. In Canada the Yaris Hatchback for example is half the current selling price in Sri Lanka. iPhones and other electronics are also priced at rates that are almost double or even more because of shipping and super high tax rates (the latter is there to keep foreign currency from flowing out of the country reserves). Rent and basic living costs is a very poor estimate indeed for calculating spending power within a country.