Canada has been named the cheapest territory to buy an Apple iPhone 5 from, according to a survey carried out by price comparison website Idealo across 25 countries globally.

On average, someone purchasing an iPhone 5 in Canada stands to spend £444, a whopping £85 less than they would in the UK, which is equal to a 16 per cent saving. They would also be spending an incredible £148 less than they would in Hungary, which is home to the most expensive SIM-free iPhone 5 in the world, at £592.

Surprisingly, even across the Eurozone, there are some significant price differences, with the Netherlands as the cheapest country by a whisker and Italy as the most expensive by a distance.

The analysis excluded pricing from 13 countries mostly from BRIC and Asia. The US was included but it’s worth noting that you cannot buy an iPhone 5 there SIM-free. At £529, the UK came out 7th, marginally cheaper than the average worldwide SIM-free price for the device, which stands at just under £534 including VAT.

The Apple iPhone 5 was launched on 12 September and sold an incredible two million units in the first weekend after going on sale. It has been Apple’s most popular smartphone yet.

Check out our review of the Apple iPhone 5 here.