Luanda tops costliest cities for expatriates, according to Mercer survey

Mercer’s (www.Mercer.com) 2017 Global Talent Trends Study has listed Angola’s capital, Luanda, as the costliest city, driven by the cost of goods and security.

luanda-angola

Angola’s capital, Luanda

Mercer’s 2017 Cost of Living Survey also finds Asian and European cities, particularly Hong Kong (2), Tokyo (3), Zurich (4), and Singapore (5), topping the list of most expensive cities for expatriates.

Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Seoul (6), Geneva (7), Shanghai (8), New York City (9), and Bern (10).

The world’s least expensive cities for expatriates, according to Mercer’s survey, are Tunis (209), Bishkek (208), and Skopje (206).

According to Mercer’s (www.Mercer.com) 2017 Global Talent Trends Study, fair and competitive pay as well as opportunities for promotion are top priorities for employees this year – not surprising given the current climate of uncertainty and change.

As a result, multinational organizations are carefully assessing the cost of expatriate packages for their international assignees. Mercer’s 23rd annual Cost of Living Survey finds that factors like instability of housing markets and inflation for goods and services contribute to the overall cost of doing business in today’s global environment.

“Globalization of the marketplace is well documented with many companies operating in multiple locations around the world and promoting international assignments to enhance the experience of future managers,” said Ilya Bonic, Senior Partner and President of Mercer’s Career business. “There are numerous personal and organizational advantages for sending employees overseas, whether for long- or short-term assignments, including career development by obtaining global experience, the creation and transfer of skills, and the re-allocation of resources.”

Top 15 Cities Ranking

Mercer Cost of Living Survey – Worldwide Rankings 2017

(Mercer international basket, including rental accommodation costs)

Rank as of March City Country
2016 2017
2 1 LUANDA Angola
1 2 HONG KONG Hong Kong
5 3 TOKYO Japan
3 4 ZURICH Switzerland
4 5 SINGAPORE Singapore
15 6 SEOUL South Korea
8 7 GENEVA Switzerland
7 8 SHANGHAI China
11 9 NEW YORK CITY United States
13 10 BERN Switzerland

Bottom 15 Cities Ranking

Mercer Cost of Living Survey – Worldwide Rankings 2017

(Mercer international basket, including rental accommodation costs)

Rank as of March City Country
189 195 YEREVAN Armenia
201 196 GABORONE Botswana
188 197 TEGUCIGALPA Honduras
193 198 BELGRADE Serbia
208 199 CAPE TOWN South Africa
204 200 MINSK Belarus
201 201 KARACHI Pakistan
195 202 SARAJEVO Bosnia and Herzegovina
197 203 MONTERREY Mexico
198 204 TBILISI Georgia

Source: Mercer’s 2017 Cost of Living Survey

Published courtesy of APO

 

 

 

 

Advertisements


Categories: Business

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: