Wednesday, April 2, 2014

International Cost of Living Rankings for April 2014

Luanda, Angola retains its #1 ranking making it the most expensive destination in Africa and in the world for expats.  This is due to its costly accommodation where expatriate housing is extremely expensive, and imported produce and international private schooling excessively costly. 

Caracas comes in at #2, this once sort after expat destination has experienced rampant inflation, produce shortages and tight government controls on foreign exchange have pushed it up the rankings. As the World’s fifth largest exporter of oil, Venezuela was once a top destination for skilled foreign oil and gas workers. However Calgary, Canada is now benefiting with an influx of those expats leaving Caracas due to strict government regulations which are limiting the hiring and compensation of these workers, as well as by the soaring cost of living.

Oslo which ranks #3, in contrast to Luanda and Caracas enjoys low inflation, low unemployment, and one the highest GDPs per capita in the World. An expat haven?

Top Ten International Cost of Living - Cities - April 2014
Rank
Country and city
Region
Previous Quarter Rankings
1
Angola, Luanda
Africa
1
2
Venezuela, Caracas
Americas
5
3
Norway, Oslo
Europe
7
4
Singapore, Singapore
Asia-Pacific
13
5
China, Hong Kong
Asia-Pacific
6
6
Switzerland, Zurich
Europe
2
7
Switzerland, Geneva
Europe
4
8
Monaco, Monaco
Europe
11
9
Japan, Tokyo
Asia-Pacific
12
10
Australia, Sydney
Asia-Pacific
17

Top Twenty International Cost of Living Rankings Incl. Countries - April 2014
Rank
All Areas, Country and City
Region
Previous Quarter Rankings
1
Angola, Luanda
Africa
1
2
Venezuela, Caracas
Americas
5
3
Angola, All Areas
Africa
3
4
Norway, Oslo
Europe
7
5
Norway, All Areas
Europe
9
6
Singapore, Singapore
Asia-Pacific
13
7
China, Hong Kong
Asia-Pacific
6
8
Switzerland, Zurich
Europe
2
9
Switzerland, Geneva
Europe
4
10
Venezuela, All Areas
Americas
10
11
Monaco, Monaco
Europe
11
12
Switzerland, All Areas
Europe
8
13
Japan, Tokyo
Asia-Pacific
12
14
Australia, Sydney
Asia-Pacific
17
15
USA, New York (Manhattan) NY
Americas
15
16
Russia, Moscow
Europe
14
17
Bermuda, Hamilton
Americas
18
18
Denmark, Copenhagen
Europe
19
19
United Kingdom, London
Europe
20
20
Liechtenstein, Vaduz
Europe
16

For the full cost of living and regional rankings go here