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Richest country in Europe? GDP per Capita is much higher in Switzerland. In fact, it is almost double. But houses there are also very expensive. Basically unaf
by k8sToGo 5y ago
Richest country in Europe? GDP per Capita is much higher in Switzerland. In fact, it is almost double.
But houses there are also very expensive. Basically unaffordable if you don't get help from either a second high income or money from parents etc.
- WildGreenLeave 5y agoSwitzerland is in Europe, but not in the European Union or the European Economic Area, it is in the Schengen area. So it depends a bit on which list you are taking. Also, parent said it is the richest in EU which of total value (GDP) is correct, but by GDP per capita isn't. But, Switzerland isn't first on the list either if you take GDP per capita because that spot is taken by Luxemburg. (Which is 27th on the GDP list) But parents point still stand, on a median income it is really hard to find a proper place in Europe. Source: https://en.wikipedia.org/wiki/Financial_and_social_rankings_of_sovereign_states_in_Europe#Countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/Financial_and_social_rankings_...
- k8sToGo 5y agoThanks for correcting and educating. Now I know :)
- izacus 5y agoAnd a house in Switzerland will cost you way north of 1mil CHF at average wage of 60k CHF (5 years of which is 300k CHF which doesn't buy you a shed in most cities). So his point kinda stands.