Luanda: world's most costly city for expats
The survey by the Mercer consulting group is published annually to help companies assess compensation allowances for expatriate workers.
It compares the cost of over 200 items in 214 cities, including housing, food, transport and entertainment.
After being overtaken by Tokyo in last year's survey, oil-booming Luanda returned to the top ranking this year.
"Despite being one of Africa's major oil producers, Angola is a relatively poor country and yet it is expensive for expatriates to live there since imported goods can be costly," Barb Marder, a senior partner at Mercer, said in a statement.
"In addition, finding secure accommodation that meet the standards of expatriates can be challenging and quite costly," Marder added.
Moscow's high costs for rentals and imported goods accounted for its second-place ranking, with a luxury unfurnished two-bedroom apartment in the Russian capital costing US$4,600 a month and a cup of coffee costing US$8.29, Marder said.
Tokyo was the third most-expensive city in the survey, followed by Chad's capital N'Djamena, then Singapore, Hong Kong, Geneva, Zurich, Bern and Sydney.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
From Singapore to the world: Sanofi's new plant eyes global vaccine challenges 27 Nov 2024 The best journey takes you home – expats return to SA to invest in property 5 Apr 2024 Lula's two-hour working capital access revolutionises SME funding in South Africa 14 Feb 2024 South African factory activity slumps in January - Absa PMI 2 Feb 2024 R1.5bn plant nears completion at Richards Bay IDZ 17 Nov 2023 A guide to streamlining international payments for your import/export startup 9 Nov 2023
