Pakistan has been ranked as the third cheapest country to live in by the Cost of Living Index for Countries 2015 report published by Numbeo.com.

India is listed as the cheapest country and Nepal as the second cheapest country while Switzerland, Norway and Venezuela are the most expensive countries respectively, the report says.

Bangladesh is ranked as the 11th most cheapest country to live in. Afghanistan was not included in the list.

Pakistan's Rent Index was ranked at second place from the bottom followed by Bangladesh on the third position. Nepal is the only country with a cheaper Rent Index while Singapore is listed as the most expensive country with regard to Rent followed by Hong Kong and Qatar.

The detailed list includes information regarding the Cost of Living Index of 119 countries along with city-by-city data for every individual country. These figures are based on the Consumer Price Index.

Read: Half of country’s population living below poverty line

Within Pakistan, Rawalpindi (CPI 27.25) has been ranked as the cheapest city to live in followed by Rupo Chak (CPI 28.55), Karachi (CPI 31.58), Lahore (CPI 33.22) , Islamabad (CPI 34.68) and Sialkot (38.66).

The data is based on 7464 entries in the past 18 months from 573 different contributors.

Numbeo.com was launched in April 2009 and the research and available data is the world’s largest database of user contributed data about cities and countries worldwide. The website also claims that the information it provides is not influenced by any governmental organisation.

The data for each country are based on all entries from all cities in that country.

The website provides information on world living conditions including cost of living, housing indicators, health care, traffic, crime and pollution by taking into consideration the Consume Price Index, Rent Index and Groceries Index.