Wednesday, June 24, 2009

Angola Cost of Living

Angola cost of living is ranked a high cost of living location.

Angola is in Southern Africa, bordering the South Atlantic Ocean, between Namibia and the Democratic Republic of the Congo.



CURRENCY: Angolan New Kwanza (AON)

ECONOMY: Angola has had a high growth rate which is driven by its oil sector. There has been a post-war reconstruction boom with the resettlement of displaced persons which has led to high rates of growth in construction and agriculture. Due to the 27-year civil war much of the country's infrastructure is still damaged or undeveloped.

COST OF LIVING OVERVIEW: Luanda has an overall cost of living index which equates it with High Cost of Living Locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Luanda is currently ranked 11 overall, most expensive place in the world for expatriates to live, out of 276 international locations. The exact customised cost of living index for Luanda is based on the Basket Groups that you select in the Calculators.

In terms of the relative hardship people are likely to experience, assessed in global terms, Luanda is ranked as an extreme hardship location. The exact customised hardship index premium for Luanda is based on the comparison location that you select in the Calculators.

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