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Why Libya is the world's cheapest country
Libya ranked first as the cheapest country in the world to live in according to the Nippo Index for 2026, with a score of 12.3 points. The index is based on comparing prices of goods and services with those in New York City. The low costs are mainly due to moderate prices for housing, food, and services, despite rental rates being 48% higher than in Algeria. Reports indicated that the low costs do not necessarily reflect the level of luxury or purchasing power.
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