Venezuela public sector employees are told to work only Monday and Tuesday until the country overcomes a worsening energy crisis.
http://www.bbc.com/news/world-latin-america-36145184
Caracas is the most expensive expatriate city to live in worldwide for the third successive year. Caracas’s cost of living in US Dollars can vary greatly depending on the exchange rate selected (very expensive using the official exchange rate but very cheap using the black market rate).
Venezuela is in extreme crises:
-Government recently imposed a two-day working week to try and help it overcome a serious energy crisis.
-A major drought has dramatically reduced water levels at its main hydroelectric dam.
-There are shortages of basic goods which many blame on government economic mismanagement.
-Tough currency controls introduced in 2003 have failed to rescue the economy.
-Since late 2015 the economy has also been hit by a sharp fall in the price of its main export, oil.
http://www.xpatulator.com/cost-of-living-article/The-Americas-Expat-Cost-of-Living-Comparison-Rankings-April-2016_665.cfm
Venezuela public sector employees are told to work only Monday and Tuesday until the country overcomes a worsening energy crisis.
http://www.bbc.com/news/world-latin-america-36145184
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.
Despite the fact that the Angolan New Kwanza (AOA) is approximately 32% weaker against the US Dollar compared to a year ago, extremely costly safe expatriate accommodation, imported produce and international private schooling has kept Luanda as most expensive city to live in the African region.
Maseru in Lesotho is the cheapest African city. Lesotho has long been one of the poorest countries in the world. The economy of Lesotho’s economy is based on diamonds and water sold to South Africa, manufacturing, agriculture, livestock, and to some extent the earnings of labourers employed in South Africa.
http://www.xpatulator.com/cost-of-living-article/Africa-Expat-Cost-of-Living-Comparison-Rankings-April-2016_666.cfm
Caracas is the most expensive expatriate city to live in worldwide for the third successive year.
The second costliest city to maintain an expat lifestyle is the capital of oil-rich Angola, Luanda, due to the extremely high cost of maintaining a secure, expatriate standard of living mainly as a result of importing most goods.
Hong Kong is the third most expensive city for expatriates to live. The past year has seen prices rise in Hong Kong, in US Dollar terms.
Maseru Lesotho is the cheapest city in the world for expatriates to live. Lesotho has long been one of the poorest countries in the world.
http://www.xpatulator.com/cost-of-living-article/International-Expatriate-Cost-of-Living-Comparison-Rankings-April-2016_667.cfm
Caracas is the most expensive expat place to live worldwide. Caracas’s cost of living in US Dollars can vary greatly depending on the exchange rate selected (very expensive using the official exchange rate but very cheap using the black market rate).
The second costliest expat city is the capital of oil-rich Angola, Luanda, due to the extremely high cost of maintaining a secure, expatriate standard of living mainly as a result of scarcity as well as the cost of importing most goods.
Hong Kong is the third most expensive city for expats. The past year has seen prices rise in Hong Kong, in US Dollar term as a result of its currency being pegged to the US dollar. The major factor contributing to Hong Kong being so expensive is that demand has long exceeded the supply of housing.
Caracas is the most expensive expatriate city to live in worldwide. The second costliest city to maintain an expat lifestyle is the the capital of oil-rich Angola, Luanda. Hong Kong is the third most expensive city for expatriates to live.
January 2016 Expatriate Cost of Living Rankings
For the full cost of living rankings go here.
Ever wondered if the most expensive countries to live in the world measure up to the countries with the best quality of living?
With Switzerland coming in first on the HSBC Explorer Survey, it ranks as fourth most expensive to live in the world according to Xpatulator.com. This is where the similarities end, all other country comparisons differ…..
International cost of living rankings
The top five most expensive places to live as an expat worldwide are Caracas, Luanda, Hong Kong, Singapore and Oslo. What about the most expensive per region?
Top five most expensive locations per regions:
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Expatriate International Cost of Living 