Luanda is world’s most expensive city for second consecutive year

13 July 2011

Macau, China, 13 July – Luanda, the capital of Angola, is the most expensive city for expatriates to live for the second year running, whilst Karachi, in Pakistan, is the cheapest, according to a study published by the Mercer consultancy Monday.

The Angolan capital is followed by Tokyo, Japan, and N’Djamena, in Chad and making an appearance in the top ten this year are Singapore, in eighth, and Sao Paulo, Brazil, which jumped from 21st to 10th place.

The Mercer study analysed 214 cities, using New York as a basis, and compares the cost of items such as food, housing, transport, clothing, entertainment and household electrical items.

In a statement published on its website, Mercer said that Brazilian cities had seen a significant rise this year due to the continued increase in value of the real against the dollar and, as well as Sao Paulo, Rio de Janeiro rose 17 places to 12th and Brasilia rose 33 places to 33rd on the list.

The aim of the study is to help governments and transnational companies to evaluate the level of bonuses to provide their staff that are located overseas. (macauhub)