Technology

The iPhone 15 Index sheds light on global disparities in purchasing power by revealing how much of an average yearly salary is needed to afford an iPhone 15. Myanmar tops the chart with an overwhelming 89.97%, while Luxembourg ranks the lowest at 1.56%. This data illustrates the stark differences in income levels and economic conditions worldwide.

Focus on Southeast Asia

In Southeast Asia, affordability varies significantly:

• Myanmar:
  The least affordable globally (89.97%).

• Philippines:
  32.39% of annual salary.

• Indonesia:
  35.09%, reflecting similar struggles.

• Malaysia:
  A notable improvement at 12.55%.

• Singapore:
  Among the most affordable, requiring only 2.36%.

This disparity reflects varying income levels, with wealthier nations like Singapore benefiting from higher purchasing power.

Insights for Asia

Other Asian countries highlight economic contrasts:

• Pakistan:
  Among the least affordable (85.94%).

• Bangladesh:
  55.77%, reflecting a higher burden.

• India:
  38.6%, indicating similar struggles.

• UAE:
  2.31%, demonstrating a high-income advantage.

• Japan:
  2.87%, showcasing affordability similar to Western nations.

Global Observations

The USA (1.64%) and Switzerland (1.58%) represent some of the most affordable regions, while many African and South Asian nations face severe affordability challenges. Nigeria (65.83%) and Kenya (61.42%) further emphasise the divide.

For a detailed breakdown and methodology, visit CompareDial.