Cheapest cities around the world for employees who work overseas

Here is a list of the cheapest cities around the world, according to The Economist’s World Cost of Living Index.

Designed to help companies figure out how much to compensate employees who are working overseas, the list compares countries based on the cost of food, clothing, rent, transportation, and utility bills.

Karachi (Pakistan)

World Cost of Living Index: 44

1 kg bread: $1.06 Five years ago: $1.78 1 liter petrol: $1.14 Five years ago: $1.18

Algiers (Algeria)

World Cost of Living Index: 44

1 kg bread: $1.26 Five years ago: $0.96 1 liter petrol: $1.24 Five years ago: $1.33

Mumbai

World Cost of Living Index: 39

1 kg bread: $0.91 Five years ago: $0.93 1 liter petrol: $1.21 Five years ago: $1.22

New Delhi

World Cost of Living Index: 43

1 kg bread: $1.05 Five years ago: $0.84 1 liter petrol: $1.14 Five years ago: $1.17

Damascus (Syria)

World Cost of Living Index: 44

1 kg bread: $1.88 Five years ago: $2.03 1 liter petrol: $0.78 Five years ago: $0.78

Bucharest (Romania)

World Cost of Living Index: 55

1 kg bread: $2.07 Five years ago: $2.77 1 liter petrol: $1.75 Five years ago: $1.63

Kathmandu(Nepal)

World Cost of Living Index: 44

1 kg bread: $1.26 Five years ago: $0.96 1 liter petrol: $1.24 Five years ago: $1.33

Panama City (Panama

World Cost of Living Index: 55

1 kg bread: $3.53 Five years ago: $2.72 1 liter petrol: $1.17 Five years ago: $1.05

(SOURCE: BUSINESSINSIDER)