Angola: Study ranks Luanda as most expensive city in the world

8 January 2009

Luanda, Angola, 8 Jan – Luanda, the capital of Angola, is the most expensive city for expatriates to live, followed by Tokyo, according the public relations director of ECA International speaking in Luanda Wednesday.

Josephine Woolley based here statement on a recent (1 December, 2008) survey carried out by ECA, which compares a basket of 125 consumer goods and services usually acquired by expatriates in over 270 locations.

Woolley said that long delays at the port of Luanda and facilities destroyed by three decades of war continued to inflate the price of consumer goods and services.

“Luanda is still suffering the effects of the war. It remains dangerous, kit is difficult for a person to travel safely and it is almost impossible to obtain goods of a reasonable quality due to the destruction of infrastructures,” she said.

She added that the factors she mentioned, which are related to inflation, had increased the cost of living, making the city increasingly expensive for expatriates.

Despite a recent sharp fall in the price of food items, a litre o imported milk costs US$3 and rent on a small two-bedroom apartment easily costs US$7,000 per month, in a city that was built for a population of 500,000 people and is now home to 5 million. (macauhub)