Friday, April 21, 2017
Zurich and Geneva are ranked as the first and second most expensive expat cities in Europe and the 4th and 5th most expensive cities in the world for expatriates. This is due primarily to the strong Swiss Franc as well as due to high rentals and institutionalized high wages. Despite the fact that there have been moderate price increases in most of Europe, the Euro has weakened against the US Dollar which has resulted in lower USD prices, pushing Euro cities down in the global ranking. An interesting observation is that the top ten most expensive cities in Europe are dominated by Non-Euro countries. Oslo is the world's 7th and Europe's third most expensive city. Oslo was the most expensive location in Europe in 2014, however lower global oil prices and subsequent weaker oil sector has contributed to Oslo becoming relatively cheaper in global terms. Non-Euro countries continue to be the most expensive expatriate locations in Europe.
Wednesday, April 19, 2017
Hong Kong is the overall most expensive ciy in Asia-Pacific and is the second most expensive city in the world (after Luanda), mainly due to the extremely high housing costs, as well as high cost of schooling and limited space available making rentals high. However, when you exclude costs related to housing, education, medical and transport, Hong Kong falls out of the top ten city rankings for this region. Singapore remains the second most expensive city in the Asia-Pacific region for expatriates (3rd most expensive in the world) and tops the region rankings when costs related to housing, education, medical and transport are excluded. Tokyo is the third most expensive city in Asia-Pacific, and 8th globally. Japanese locations have moved up in the rankings with 6 cities in the Asia-Pacfic top 10 most expensive places. Shanghai is the fourth most expensive place for expatriates in the Asia-Pacific region, and 12th globally.
Tuesday, April 18, 2017
Luanda is the most expensive city to live in the African region, and world-wide. The extremely costly safe expatriate accommodation, imported produce and costly international private schooling are among the main factors that have kept Launda at the top of the rankings in Africa. Overall African countries are some of the poorest and least developed in the world, with relatively low local cost of living expenses; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region makes it extremely expensive to maintain the lifestyle that they are used to. Kinshasa in the Democratic Republic of the Congo (DRC) is the second most expensive city in Africa (and 10th most expensive in the world).
The latest available inflation rate for all countries world wide (as available in April 2017): Afghanistan 4.1% (Feb 2017). Albania 2.2% (Feb 2017). Algeria 8.21% (Jan 2017). Angola 39.45% (Feb 2017). Anguilla 3.1% (2014 est). Antigua and Barbuda 1.4% (2012 est). Argentina 40.5% (Apr 2016). Armenia -0.2% (Feb 2017). Aruba -0.4% (Jan 2017). Australia 1.5% (Dec 2016). Austria 2.2% (Feb 2017). Azerbaijan 12.5% (Feb 2017). Bahamas 0.8% (Dec 2016). Bahrain 0.4% (Feb 2017). Bangladesh 5.3% (Feb 2017). Barbados 0% (Sep 2016). Belarus 7% (Feb 2017). Belgium 2.97% (Feb 2017). Belize 0.9% (Jan 2017). Benin -0.9% (Jan 2017). Bermuda 1.8% (Dec 2016). Bhutan 3.71% (Dec 2016). Bolivia 3.46% (Feb 2017). Bosnia and Herzegovina 0.7% (Jan 2017). Botswana 3.4% (Feb 2017). Brazil 4.76% (Feb 2017). British Virgin Islands 2% (Nov 2016). Brunei -0.2% (Feb 2017). Bulgaria 1.7% (Feb 2017). Burkina Faso -1.7% (Dec 2016). Burundi 12.9% (Jan 2017). Cambodia 3.87% (Dec 2016). Camer
Monday, April 17, 2017
Luanda is the most expensive city in the world for an expatriate professional migrant to live in 2017, followed by Hong Kong and Singapore. The top ten most expensive cities in the world comprise two from Africa (Luanda (1); Kinshasa (10)), three from Asia-Pacific (Hong Kong (2); Singapore (3); Tokyo (8)), three from Europe (Zurich (4); Geneva (5); Oslo(7)), and two from America (Hamilton (6); Manhattan NY (9)).