Saturday, February 24, 2018

International Cost of Living Index for Expats January 2018

Luanda in Angola is the most expensive city in the world for expatriate professional migrants to live. As opposed to Hong Kong, everything in Luanda is expensive as almost all international standard goods and services are imported. Despite the lower oil price, the slow-down in oil related projects, and dramatic reduction in revenue to Angola in 2016, prices in Luanda remain extremely high.

Hong Kong is the second most expensive city due to the very high cost of housing and healthcare, as well as the strong Hong Kong dollar which is fixed against the US Dollar. An interesting observation is the fact that if 4 of the 13 baskets are excluded from the cost of living index calculation (namely Housing, Education, Medical and Transport) then Hong Kong drops out of the top 10 most expensive cities in the world. This illustrates that not everything in Hong Kong is expensive. It is therefore very important it is to ensure that the correct baskets are included in an expat cost of living index.

Monday, February 19, 2018

Middle East Expat Cost of Living 2018

Doha in Qatar is the most expensive city for expats in the Middle East as at January 2018, followed by Beirut in Lebanon, and Jerusalem in Israel.

While Doha is the most expensive city in the Middle East, it is only ranked 59th in the world. In Doha alcohol, housing, and education costs are very high.

Friday, February 16, 2018

Latest International Inflation Rates - February 2018

The latest available inflation rate for all countries world wide (as available in 15 February 2018): Afghanistan 3.1% (Nov 2017).
Albania 1.7% (Jan 2018).
Algeria 4.62% (Dec 2017).
Angola 22.72% (Jan 2018).
Anguilla 3.1% (2014 est).
Antigua and Barbuda 1.4% (2012 est).
Argentina 25% (Jan 2018).
Armenia 2.7% (Jan 2018).
Aruba -0.3% (Dec 2017).
Australia 1.9% (Dec 2017).
Austria 2.2% (Dec 2017).
Azerbaijan 12.9% (Dec 2017).
Bahamas 1.8% (Nov 2017).
Bahrain 1.3% (Dec 2017).
Bangladesh 5.83% (Dec 2017).
Barbados 3.4% (July 2017).
Belarus 4.5% (Jan 2018).
Belgium 1.71% (Jan 2018).
Belize 1% (Dec 2017).
Benin 3% (Dec 2017).
Bermuda 1.7% (Apr 2017).
Bhutan 5.18% (Sept 2017).
Bolivia 2.71% (Dec 2017).
Bosnia and Herzegovina 1.2% (Dec 2017).
Botswana 3.1% (Jan 2018).
Brazil 2.86% (Jan 2018).
British Virgin Islands 2% (Nov 2016).
Brunei -0.02% (Dec 2017).
Bulgaria 2.8% (Dec 2017)....

Tuesday, February 13, 2018

2018 Most Expensive Countries for Expats

January 2018 survey by based on expatriate professional migrant spending focusing on “international” brands and premium service providers such as up-market medical practices, international schools, and exclusive, secure accommodation.

The top ten most expensive countries in the world as at January 2018 comprise three from Africa Angola (1); South Sudan (3); Central African Republic (10), three from Europe Norway (2); Switzerland (5); Denmark (7), three from America Bermuda (4); Cayman Islands (6); Bahamas (8), and one from Asia Pacific Japan (9).

The January 2018 top 10 world country cost of living comparison (covering 216 countries) rankings for all expat basket items from most expensive location to least expensive are as follows:
1. Angola (Africa)
2. Norway (Europe)
3. South Sudan (Africa)
4. Bermuda (Americas)
5. Switzerland (Europe)
6. Cayman Islands (Americas)
7. Denmark (Europe)
8. Bahamas (Americas)
9. Japan (Asia-Pacific)
10. Central African Republic