Luanda has returned to the top of the list of the world’s most expensive cities for foreign workers, reversing the order with Hong Kong, which in the 2016 edition of Mercer’s Cost of Living Survey took the top spot.
After Luanda and Hong Kong in the first and second places, in descending order are Tokyo, Japan (5th place in 2016), Zurich, Switzerland (3rd place), Singapore (4th), Seoul, South Korea (15th), Geneva, Switzerland (8th), Shanghai, China (7th), New York, USA (11th) and Bern, Switzerland (13th).
The study concludes that “some African cities continue to occupy a prominent place” in the survey published in 2017, which Mercer says “reflects the high cost of living and prices of goods for foreign workers.”
The consultancy said in the report that Luanda has taken the first place in the list of the most expensive cities in the world, “despite the fact that the kwanza, the national currency, has devalued against the dollar.”
The Mercer survey looks at data from 209 cities around the world and takes into account the price of more than 200 products and services including accommodation, food, clothing, transport, leisure and telecommunications. (macauhub)