UK is 12th cheapest place to buy an iPhone. In Venezuela one will cost you $97,000!

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Next time you grumble about the cost of your phone, spare a thought for the poor people of Venezuela where hyper-inflation means that the cost of an iPhone is currently a mouth-watering, wallet-loosening $97,000!

By comparison, the UK comes in relatively cheap at an average price of $542 (without contracts), but not as cheap as Angola – the world’s cheapest place to buy an iPhone – where you can get one for a shade over $400.

While Venezuela is out of this world in terms of iPhone costs it’s not the only place where buying an iPhone is extortionate. Other countries where you are looking at parting with $800 or more include Singapore, Argentina, Bangladesh and Norway.

The data was pulled together by Rocket Internet Venture and the largest online retailer for Latin America, Linio.

Taking into account the various aspects which alter the cost, the findings were presented in the 2017 Tech Price Index.

In the case of the iPhone, Linio looked at various iPhone models without the cost of phone service, for all online providers for the country, as well as at least four biggest retailers in the country’s five largest cities.

The same process was followed for all items in the Price Index study. For the full results of the ranking with the interactive table of findings, visit here.

The top 15 most expensive and most affordably countries to buy the iPhone are:

iPhone Most Affordable Countries

 

iPhone Most Expensive Countries

Country

iPhone Price

Ranking

 

Country

iPhone Price

Ranking

Angola

$401.94

1

 

Venezuela

$97,813.82

1

Japan

$413.58

2

 

Singapore

$969.04

2

China

$470.74

3

 

Dominican Republic

$965.62

3

Finland

$475.94

4

 

Argentina

$900.43

4

United Arab Emirates

$498.25

5

 

Guatemala

$889.56

5

India

$505.25

6

 

Bangladesh

$870.11

6

Romania

$513.42

7

 

Norway

$867.28

7

Saudi Arabia

$513.86

8

 

Indonesia

$865.06

8

Ukraine

$527.50

9

 

Costa Rica

$852.94

9

Malaysia

$532.06

10

 

Brazil

$843.30

10

Pakistan

$537.97

11

 

Peru

$826.39

11

UK

$542.29

12

 

Nigeria

$816.63

12

Thailand

$551.83

13

 

Uruguay

$815.94

13

Canada

$555.25

14

 

Egypt

$814.37

14

Switzerland

$556.89

15

 

Austria

$786.52

15

 

Chris Price