Abu-Dhabi in the UAE is the most expensive city for expats in the Middle East, followed by Doha. Beirut and Dubai are third and fourth respectively, followed by Tehran. While Abu-Dhabi is the most expensive city in the Middle East, it is only ranked 96th in the world. In Abu-Dhabi alcohol, communication, housing, and education costs are very high. Similarly Dubai is ranked 110th most expensive in the world.
Hong Kong has retained the top spot as the overall most expensive in Asia-Pacific and is the second most expensive city in the world (after Luanda), mainly due to the extremely high housing costs, as well as high cost of schooling and limited space available making rentals high. However, when you exclude costs related to housing, education, medical and transport, Hong Kong falls out of the top ten city rankings for this region. This indicates that Hong-Kong is not the most expensive place for other basket groups.
Singapore remains the second most expensive city in the Asia-Pacific region for expatriates (4th most expensive in the world) and tops the region rankings when costs related to housing, education, medical and transport are excluded.
Tokyo is the third most expensive city in Asia-Pacific. This is mainly due to the strength of the Japanese Yen, which has held steady against the USD, while most other currencies have weakened, as well as additional factors such as consumption ta
The latest available inflation rate for all countries world wide (October 2016 est.):
Antigua and Barbuda 1.4%
Bosnia and Herzegovina -1.2%
British Virgin Islands 2.3%
Burkina Faso -0.7%
Cape Verde -1.8%
Cayman Islands -2.8%
Central African Republic 38.04%
Democratic Republic of the Congo 5.52%
Cook Islands 0.4%
Costa Rica 0.6%
Cote D’Ivoire -0.4%
Czech Republic 0.6%
Overall African countries are some of the poorest and least developed in the world, with relatively low local cost of living expenses; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region makes it extremely expensive to maintain the lifestyle that they are used to.
Luanda is most expensive city to live in the African region, and world-wide, while Asmara in Eritrea is the second most expensive city in Africa (and third most expensive in the world). Kinshasa in the Democratic Republic of the Congo (DRC) is the third most expensive city in Africa.
An expatriate professional migrant is someone who voluntarily lives outside their country in order to take up a job opportunity and a better or at the very least a similar, quality of life with the intention returning to their home country and do not therefore consider themselves to be local in their host country.
The 10 cheapest low hardship countries for expatriate professional migrants as at October 2016 for all expat basket items from most cheapest to less cheap are as follows:
1. Poland (Europe)
Poland is the cheapest country in the world for expatriate professionals. The economy of Poland is considered to be one of the healthiest economies of the post-communist countries, and is one of the fastest growing countries within the EU.
2. Hungary (Europe)
3. Botswana (Africa)
4. Malaysia (Asia-Pacific)
5. South Africa (Africa)
6. Cook Islands (Asia-Pacific)
7. Czech Republic (Europe)
8. Paraguay (Americas)
9. Greece (Europe)
10. Mauritius (Africa)
In assessing how much to pay an expatriate, it is important to take into account the relative hardship, in terms of quality of living conditions between locations, and assesses the relative level of difficulty that will be experienced in adapting to a new location.
The ratings for hardship are classified into four main groups, the first being those with no real hardship, while the three categories with hardship can be described as follows:
1) Some Hardship (20% Hardship Premium)
2) High degree of Hardship (30% Hardship Premium)
3) Extreme Hardship (40% Hardship Premium).
The Xpatulator.com High and Extreme Hardship Premium Locations (30%-40% Premium) as at October 2016:
Abidjan in Cote D’Ivoire 40%
Abuja in Nigeria 30%
Accra in Ghana 20%
Adana in Turkey 30%
Addis Ababa in Ethiopia 40%
Ahmedabad in India 30%
Alexandria in Egypt 40%
Algiers in Algeria 30%
Almaty in Kazakhstan 40%
Amman in Jordan 30%
Ankara in Turkey 30%
Antananarivo in Madagascar 40%
Luanda is the most expensive city in the world for an expatriate professional migrant to live in October 2016.
The top ten most expensive cities in the world comprise three from Africa (Luanda (1); Asmara (3); Kinshasa (10)), three from Asia-Pacific (Hong Kong (2); Singapore (4); Tokyo (7)), three from Europe (Zurich (5); Geneva (6); Oslo(8)), and one from America (Hamilton(9)).
Luanda in Angola is the most expensive city in the world for expatriate professional migrants to live. As opposed to Hong Kong, everything in Luanda is expensive as almost all international standard goods and services are imported. Despite the lower oil price, the slow-down in oil related projects, and dramatic reduction in revenue to Angola in 2016, prices in Luanda remain extremely high, largely as a result of the weaker Angolan Kwanza (down approximately 40% against the US Dollar in the past year).