Angolan capital of Luanda remains at top of list of world’s most expensive cities

11 June 2009

London, United Kingdom, 11 June – Luanda, the capital of Angola, remained in first place on the list of the world’s most expensive cities, according to a report on the cost of living published in London by British company ECA International.

A decent apartment with water and electricity in Luanda can be rented starting from US$15,000 per month, a basic mail can cost US$100 and European cheese, for example, sells at US$15 per piece.

Luanda, which was also top of the ranking last year, is ranked ahead of cities such as Tokyo (13th place in 2008), Nagoya (20th), Yokohama (15th) and Kobe (29th, all in Japan, Copenhagen, Denmark (4th), Oslo, Norway (2nd) and Geneva (6th), Zurich (8th) and Basel (9th) all in Switzerland.

The cost of living survey by ECA International compares the price of a basket of 125 goods and services, which are usually bought by international staff in 370 cities around the world, including meat and fish, fresh fruit and vegetables, drinks and tobacco, and miscellaneous goods and services.

Luanda is world’s second most expensive city, but the cheapest city is also in Africa; Maseru in Lesotho.

The capital of Mongolia, Ulan Bator is the least expensive city in Asia, with goods and services costing approximately a third of their cost in Tokyo. (macauhub)