5 Cheapest Countries To Live in Asia

In this article, we will discuss the 5 cheapest countries to live in Asia. If you want to read our discussion on the developments in the Asian economy, you can go directly to the 15 Cheapest Countries To Live in Asia.

5. India

Monthly Cost of Living: $416

India is being seen as the next major economic player in Asia. The country’s economic performance faces challenges due to its massive population, leading to issues such as poverty and inadequate access to healthcare in rural areas. However, India’s tech hub attracts numerous foreign businesses.

 4. Afghanistan

Monthly Cost of Living: $397

Afghanistan, situated in the heart of south-central Asia, is a multiethnic, landlocked country that has faced prolonged regional challenges. The country is recognized for its significant reserves of economically important minerals. Over the last two years, Afghanistan’s economy has contracted by 25%.

3. Nepal 

Monthly Cost of Living: $385

Nepal is a mountainous country lying along the southern slopes of the Himalayan Mountain ranges. It is a relatively small country that relies on its giant neighbors, India and China, for most of its economic activities. In FY 23, Nepal’s real GDP growth is estimated to have declined to 1.9%.

2. Sri Lanka

Monthly Cost of Living: $316

Sri Lanka, often referred to as the “Teardrop of India” because of its shape and strategic location, has a history marked by prolonged internal unrest among various minorities. The country is known for its tea exports and its strong tourism industry, which capitalizes on its lush jungles, Buddhist history, and coastal climate.

1. Pakistan

Monthly Cost of Living: $294

Located between economically booming India and civil war-torn Afghanistan, Pakistan also has a troubled political history with struggles between the civilian and military powers. The country’s real GDP is estimated to have contracted by 0.6% in FY23, contrasting with the substantial growth of 6.1% in FY22 and 5.8% in FY21.