5 Most Expensive Countries in Asia

1. Israel

Real GDP / GDP by PPP ratio: 1.19

5 year GDP growth rate: 20.1%

Easily topping the list of the 20 most expensive countries in Asia is Israel, which is also the second most expensive country in the world. Protectionist policies implemented in the country have resulted in a really high cost if living while billions in aid from the US annually is used to beef up the military rather than make lives easier for its citizens. With an ultra far right government ruling the country right now, it is unlikely that the cost of living in the country will go down soon. These protectionist policies make import difficult, and embolden industries established within the country to charge higher prices.

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