15th November 2023 – (Hong Kong) According to recent data from Speedtest.net, the average global internet speed stands at 85 Mbps. However, it has been found that a bandwidth ranging between 15 Mbps and 50 Mbps is sufficient for streaming movies in 4K UHD quality on major platforms.
Internet prices worldwide vary, and Picodi Hong Kong has analyzed the offerings in 85 countries. The study reveals that 100 Mbps is the most commonly offered internet speed worldwide, available in 74 out of the 85 countries analysed. Countries such as China, Spain, France, and Singapore no longer provide such “slow” bandwidth.
The cost of a 100 Mbps internet connection varies across countries. Norway tops the list with an average monthly cost of $79.4, followed by Iceland ($62.1) and Australia ($61.8). On the other end of the spectrum, Russia offers the lowest prices at $5.6 per month, followed by Ukraine ($6.1) and Romania ($6.4).
Hong Kong ranks in the lower half of the ranking, with an average cost of $20.2 per month for a 100 Mbps connection. However, the most commonly offered internet speed in the country is 500 Mbps, at an average cost of $48.9 per month.
Additionally, Picodi analyzed internet offerings for $20 per month. It was found that in 34 countries, including most of Western Europe, Canada, South Africa, Japan, Australia, and New Zealand, major ISPs do not provide internet access at this price point. Hong Kong shares second place with 13 other countries, offering 1 Gbps bandwidth for $20 per month, alongside countries like Thailand, Vietnam, Poland, Russia, and Ukraine.
In terms of 1 Gbps internet speed prices globally, there has been an average decrease of 15% over four years, and the availability of such high-speed connections has increased by half. However, in some countries like the Philippines, Costa Rica, Paraguay, Peru, and Venezuela, the cost of 1 Gbps internet speed exceeds $100.
In Hong Kong, the cheapest access to 1 Gbps bandwidth is available at $12.5 (HK$98) per month. Ukraine offers the most affordable price at $8.2 per month, followed by Romania ($9.2) and Russia ($10.2).
The study covered 85 countries across Europe, the Americas, Asia-Pacific, and Africa.