10 Most Expensive Countries in Europe

1. Iceland

Real GDP / GDP by PPP ratio: 1.19

5 year GDP growth rate: 12.3%

Topping the list of the 25 most expensive countries in Europe is one of the most stunning countries in the world in Iceland. While Iceland suffered heavy losses during the financial crisis from 2008 to 2011, the country posted a remarkable recovery, with a heavy focus on tourism. Since Iceland has to import most of its goods, as the country has a population of around 400,000, things are generally more expensive to buy. Transportation costs are also quite high since its an island.

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