Why luanda is the most expensive city in the world

New York is used as the benchmark city in the Mercer survey. Related Topics. Angola profile. Published 7 March Published 19 June Published 22 June Full bio Close. As the world rapidly turns into a global village, flexibility has become an integral part of global talent strategy for most multinational organizations as they work to expand their workforce.

As such, multinational organizations are prudently evaluating the cost of sending their employees to international offices. Among their key considerations is the cost of living coupled with instability in housing markets and the cost of goods and services in their countries of operation.

In fact, Luanda is more expensive for expatriates than prestigious cities, such as New York, London, Tokyo, Paris, and more. The study includes cities across five continents and measures the comparative cost of more than items in each location, including housing, food, clothing, transportation, household items, and entertainment.

In the case of Luanda, several important factors have contributed to its drastic leap to the top of the list. During the Colonial Portuguese War — , the cosmopolitan was not affected, his economic growth and development were listed among the highest in the region. In , Angola could turn at last to rebuilding its economy and society, its initial supply of high-quality housing was most likely limited at best.

It is surprising how a city with such poor living conditions for most people, becomes the most expensive city in the world. There is no other reason, on the other hand, it is in the same city we have booming luxury constructions for the benefit of the minority wealthy from big oil industry and diamond production. Angola is the second oil export country after Nigeria on the African continent. Even though the economic growth of Luanda is widely supported by oil extraction activities, on the other hand, Luanda has an excellent natural harbour; the chief exports are coffee, cotton, sugar, diamonds, iron, and salt.

The Large investment domestic and international , along with high economic growth, has dramatically increased construction of all economic sectors in the city of Luanda. The main reasons why Luanda is ranked as the most expensive city are because of the high cost of rent, imported goods and security in the oil-rich nation.

The cost of imported goods and safe living conditions in this country are available at a steep price. So how is it possible to rent an entire year? The case of Luanda is that expats cost of living varies wildly from those of locals for two fundamental reasons: supply and demand. Luanda draws in the petroleum industry.