10 Most Expensive Countries in Europe

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8. Ireland

Real GDP / GDP by PPP ratio: 0.94

5 year GDP growth rate: 43.2%

Various industries in Ireland, including insurance, telecommunications, groceries and banking, don’t have a lot of competition which results in companies being able to increase prices and passing them off to customers without fear of customers leaving for competitors, with consumer prices in Ireland considered to be much higher than the EU average.

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