Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 250

Luanda tops the rankings for most expensive location for expatriates

Posted by fidest press agency su giovedì, 14 dicembre 2017

luandaLuanda has returned to the top of ECA’s global rankings this year. The Angolan capital has been consistently in the top five most expensive cities since 2012. This was one of the findings in the latest cost of living survey published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.
ECA International has been conducting research into cost of living for over 45 years. It carries out two cost of living surveys per year to help companies calculate cost of living allowances so that their employees’ spending power is not compromised while on international assignment. The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in 470 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of living basket.
Khartoum, Sudan, is up to second place on the list of most expensive cities and has risen by 224 places in just five years, as currency shortages and rising prices continue to take effect on the African nation.
cup of coffeeAsian cities lead the way as the most expensive locations to live in, with over half of the top 50 most expensive locations surveyed this year being in Asia. A total of 26 of the top 50 entries were Asian cities, with 14 Chinese cities alone featured on the list. This compares with just four EU cities and three US making it into the top 50.
In Japan, Tokyo has fallen seven places and relinquished the global top spot in the process – falling to eighth in the table. Despite this, Tokyo remains the most expensive location for expatriates in the Asia-Pacific region. Other Japanese cities have performed similarly – with Yokohama, Nagoya and Osaka all dropping out of the top ten.
Taiwanese cities on the other hand continue to rise through the rankings with Taipei and Kaohsiung 33rd and 45th respectively. This is a dramatic rise when compared with five years ago when Taipei was ranked 66th most expensive location and Kaohsiung wasn’t even in the top 100.
Singapore has fallen in the rankings and is now the 21st most expensive city surveyed. This is the first time since 2014 that Singapore has not featured in the top 20.Asia is also home to some of the cheapest locations in the ranking table, with Ulaanbaatar claiming the status as Asia’s cheapest location. “This highlights the curiosity of managing the movement of people in Asia for many companies and their HR departments,” added Quane. “Asia is home to some of the world’s most expensive locations as well its cheapest. This level of variety is only matched in Africa which is home to both the world’s most expensive location and its cheapest.” Ulaanbaatar is joined by Johor Bahru, George Town (Penang), Yangon and Karachi in making up the cheapest locations in Asia, with all of these locations falling in our global rankings over the past 12 months.
Elsewhere in Asia, the newly introduced GST tax in India seems to have had little impact on the cost of living in Indian cities. All Indian locations that were surveyed have risen slightly from their positions in the 2016 survey, but the highest-placed remains New Delhi in 166th. (photo: cup of coffee)

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