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Cost of living international rankings 1 April 2009
International cost of living rankings are the result of comparing the cost of a Budget expatriate staff, with local prices for the same increments of the same goods and services in each country around the world.
Our results show that the overall impact made multifaceted economic trends that affect each country in a manner or another, contribute to the speed of substantial changes in the cost of living in the country in the world. Changes in the relative cost of living are large and occurred in a relatively short period of time. The reason for this is because so many economic crises occur simultaneously. 2008 saw the bubble Tax break followed by the failure of a number of global fund asset management, insurance and banking giants. Some were liquidated or taken over others were bailed out by public funds. In 2009, we saw the continued decline in home prices that many believe still at its lowest level. The stock prices and indices are at levels last a decade or more ago. The downward trend in inflation and interest rates continues in the developed and developing markets. We are also aware of the volatility of exchange rates with a number of major economies to see their currencies weaken significantly last year. The economic impact continues to spread worldwide. We now see a truly global recession with reduced demand for manufacturing inputs and outputs as well as lower energy demand and large scale job losses.
This study of 276 world sites covered all countries of the world. The study includes the cost of several hundred points that expatriates generally spend their salary, divided into groups Basket 13. Results from 1 April 2009 were compared with results prior to December 1, 2008. The index uses New York as the base (New York = 100). An index above 100 means that the cost of living is higher in New York, an index below 100 means that the cost of living is lower in New York.
Geneva has a cost of living 110 example. This means that on average, goods and services that cost $ 100 in New York, cost $ 110 to Geneva. Each city is classified according their overall cost of living index that includes the cost of all groups basket.
A cost of living index increases or decreases as the local price of goods and services used in the study and the exchange rate in force. Typically, a country with a currency that has risen against the currencies of Other (currency appreciation) and has relatively high local inflation (fast / large price increases), the experience is generally an increase in the cost of living compared to other countries. On the other hand, a country with a currency that has fallen against the currencies of other (most weak currency) and has relatively low local inflation will generally experience a lower cost of living compared to other countries. It is important to note that we are talking about changes. Take London as another example. As recently as December 2008, London has consistently ranked the sixth most expensive place in the world for expatriates to live. In April 2009, it is the 23rd most expensive place in the world for expatriates. This does not mean that the cost of living for expatriates living in London has declined. What this means is that, compared to other places in the world, London is also more expensive than last year. What makes the cost of living in London relatively lower than it was primarily due to the rising cost of living elsewhere with the weaker British Pound.
These changes have a significant impact on expatriate employees. An expatriate working in a high cost of living – countries with strong currencies such as Hong Kong where the Hong Kong dollar is pegged to the U.S. dollar illustrates this point. The high cost of living, it is difficult to record because of higher local prices, household (including accommodation services), in particular is very expensive. However, an expatriate working in Hong Kong will now probably sending money home gives you the power spending increased sharply in the house. In the past year, the Hong Kong dollar has risen 15% against the Malaysian ringgit, and 30% against the Indonesian rupiah and the Australian Dollar.
Top 10 most expensive places for expatriates to live
Tokyo has retained its city status the most expensive in the world for expatriates to live. The cost of living in Tokyo has risen from 126 in December 2008 to 143 1 April 2009, and the Yen has strengthened against the U.S. dollar. At the other end of the scale, Harare has retained its status as the least expensive city in the world and is ranked 276 with an index of only 17 and a currency that is still in freefall. Tokyo was ranked first for health expenditures, 2nd and 2nd to the grocery store households (including accommodation services).
Hong Kong is now ranked second overall climbed to 33rd place in December 2008. The cost of living has increased from 103 to 121 and is ranked first for household spending and the 2nd for health. It is interesting to note that Hong Kong is cheap in all categories. It is ranked 202nd on alcohol and tobacco, 226th for Leisure & Culture, 227th Educational and 247th for furniture and Appliances.
Lagos is the third most expensive city in the world for expatriates, after being ranked 11th. It is ranked first for groceries and furniture and appliances free, 6 health, and 18 restaurants, outdoor dining and hotels.
Caracas has made significant concessions to the fourth rank, having been ranked only 32nd December 2008. It ranks first in spending on education, health 5th and 6th for household expenses (including accommodation services).
Port Moresby in Papua New Guinea is the fifth place overall in the most expensive city for expatriates due to most goods and services imported from Australia. Port Moresby is ranked 6th for recreation and culture, 7 for communication and health, and 8 for the most expensive clothing.
Geneva has decreased slightly in the 6th, having been ranked 4th in December 2008. It is the third most expensive for transportation expenses, 11 for recreation and culture, 15 for health care, and 20 for clothing.
Dubai has entered the top 10 the most expensive places in the world for expatriates to live for the first time. Dubai is now ranked seventh, marking a significant increase in December 34th 2008. The cost of living has increased from 103 to 109 since December 2008. It is ranked first for restaurants and meals outside the hotel expenses, 6 for clothing, 11 for health care, and 16 for groceries. Dubai is currently the fourth-largest household expenditure (including hosting services), but it appears that this will decrease significantly during the next quarter, he was hit relatively hard in real estate with property prices and rental of the fall.
Doha progress in the world rankings faster than any another city. In December 2008, Doha has been ranked the 45th most expensive city for expatriates, it is now 8th. The overall cost of living index has moved up from 101 to 109, equal to that of Dubai. It is ranked 2nd for restaurants, outdoor dining and hotel expenses, clothing for third, 7 for the expenditure of households (including accommodation services), 8th and grocery leisure and culture, and 10 for health care.
Denmark has decreased slightly during the 9th most expensive place in the world for expatriates, have been ranked 3rd in December 2008. It is the third most expensive in the grocery store, 5 for transport and 15 for furniture and appliances.
Hamilton, Bermuda complete the top 10 moving from the December 26 despite the overall cost of the index is 108. Hamilton Class 4th most expensive for both education and health, 10 for personal care, 11 per household expenses (including accommodation services) and 15 for groceries.
The total cost of living overall ranking Xpatulator 1 April 2009 is as follows:
RankLocation
1 Japan, Tokyo
2 China, Hong Kong
3 Nigeria, Lagos
4 Venezuela, Caracas
5 Papua New Guinea, Port Moresby
6 Switzerland, Geneva
7 United Arab Emirates, Dubai
8 Qatar, Doha
9 Denmark, Copenhagen
10 Bermuda, Hamilton
11 Angola, Luanda
12 Switzerland Zurich
13 Russia, Moscow
14 Solomon Islands, Honiara
15 Cameroon, Douala
16 Chad, N'Djamena
17 Taiwan, Taipei
18 Liechtenstein Vaduz
19 United States, New York NY
20 New Caledonia, Noumea
21 Greenland, Nuuk
22 Ireland, Dublin
23 United Kingdom, London
24 France, Paris
25 Norway, Oslo
26 Italy, Milan
27 San Marino, San Marino
28 United States, San Francisco, California
Monaco 29, Monaco
30 Austria, Vienna
31 Bahamas, Nassau
Central 32 Central African Republic, Bangui
33 Nauru, Yaren
USA 34, Boston Mass.
35 Finland, Helsinki
36 Italy, Rome
37 Kazakhstan, Almaty
38 Cote D'Ivoire, Abidjan
39 Bahrain, Manama
40 Micronesia, Palikir
41 Isle of Man, Douglas
42 Haiti, Port-au-Prince
43 United States, San Jose California
44 Cameroon, Yaoundé
45 Djibouti, Djibouti
46 Palau, Melekeok
47 Guinea-Bissau, Bissau
48 Azerbaijan, Baku
49 Benin, Cotonou
50 of Slovakia, Bratislava
51 Belgium, Brussels
52 Netherlands, Amsterdam
53 Sao Tome and Principe, Sao Tome
54 Jersey St. Helier
55 Mali, Bamako
56 Gabon, Libreville
57 UAE Arab Emirates, Abu Dhabi
58 Croatia, Zagreb
59 Singapore, Singapore
60 Ghana, Accra
61 in Spain, Madrid
62 Ukraine, Kiev
USA 63, Philadelphia PA
64 Cayman Islands, George Town
65 Sierra Leone, Freetown
66 Germany, Berlin
67 Czech Republic, Prague
68 United States, San Diego, California
69 Jordan, Amman
70 Trinidad and Tobago, Port of Spain
71 United States, Los Angeles, California
72 United States, Washington DC
73 Estonia, Tallinn
U.S. 74 in Baltimore Md
75 Falkland Islands, Stanley
76 Saudi Arabia, Riyadh
77 Guernsey St Peter Port
78 Comoros, Moroni
79 Sudan, Khartoum
80 Germany, Bonn
81 Vatican City, Vatican City
82 Canada, Toronto
83 Timor-Leste, Dili
84 Hungary, Budapest
85 United States Washington Seattle
86 in Brazil, Brasilia
87 Lebanon, Beirut
88 U.S. Miami Fla.
89 Vanuatu, Port Vila
90 Luxembourg, Luxembourg
91 of Jamaica, Kingston
92 Australia, Sydney
93 Kuwait, Kuwait City
94 Moldova, Chisinau
Congo Democratic Rep. 95, Kinshasa
96 Germany, Frankfurt
97 Tuvalu, Funafuti
98 Iceland, Reykjavik
99 Barbados, Bridgetown
100 Portugal, Lisbon
101 Mozambique, Maputo
102 Senegal, Dakar
103, Vancouver
104 Niger, Niamey
105 China Beijing
106 Ethiopia, Addis Ababa
107 of Turkey, Ankara
108 in Togo, Lomé
109 Equatorial Guinea, Malabo
110 Martinique, Fort-de-France
111 Armenia, Yerevan
112 U.S., Chicago Ill.
113 Liberia, Monrovia
114 Gibraltar, Gibraltar
115 in Sweden, Stockholm
116 Somalia, Mogadishu
117 Portland Ore.
118 of Israel, Jerusalem
119 Malta, Velletta
120 Puerto Rico, San Juan
121 Canada Calgary
122 Kigali, Rwanda
123 Guam, Hagatna
124 Burkina Faso, Ouagadougou
125 in Zambia, Lusaka
126 Vella Andorra, Andorra la
127 Cyprus Nicosia
128 U.S., Las Vegas, Nev.
129 Samoa, Apia
130 St. Helena, Jamestown
131 Tanzania, Dar es Salaam
132 Greece, Athens
133 Poland, Warsaw
134 Maldives, Male
135 Malawi, Lilongwe
136 in Thailand, Bangkok
137 in Indonesia, Jakarta
138 U.S. Jacksonville Florida
139 Antigua and Barbuda, St. John's
140 Gambia, Banjul
141 United Kingdom, Glasgow
142 Lithuania, Vilnius
143 Belarus, Minsk
144 U.S., Dallas, Tex.
145 Australia, Canberra
146 India, Mumbai
147 Australia, Melbourne
148 U.S. Denver Colorado
149 Algeria, Algiers
150 Republic of Georgia, Tbilisi
151 Honduras, Tegucigalpa
USA 152, Atlanta GA
153 U.S. Cleveland Ohio
154 Canada, Montreal
USA 155, Milwaukee, Wis.
156 Congo, Brazzaville
157 Guinea, Conakry
158 Saint Kitts and Nevis, Basseterre
159 U.S., Detroit Mich.
160 Panama, Panama City
161 Latvia, Riga
162 Uganda, Kampala
Korea Republic 163 of Seoul
USA 164, Charlotte NC
165 Marshall Islands, Majuro
166 Australia, Perth
167 U.S., Phoenix Ariz.
168 U.S., Columbus Ohio
169 U.S., Austin Tex
170 Madagascar, Antananarivo
171 U.S., Tampa Florida
172 United Kingdom, Birmingham
173 Afghanistan, Kabul
174 Grenada, St. George's
175 Vietnam, Hanoi
USA 176, Indianapolis, Ind.
177 U.S., St Louis MO
178 St. Vincent and the Grenadines, Kingstown
179 Peru, Lima
180 in Syria, Damascus
181 U.S., Fort Worth, Tex.
Slovenia 182, Ljubljana
183 of Mauritania, Nouakchott
184 U.S., El Paso, Tex.
185 Philippines, Manila
186 China, Shanghai
187 U.S., Memphis Tennessee
188 U.S., Pittsburgh Penn
189 Belize, Belmopan
190 India, New Delhi
191 Bucharest, Romania
192 Guatemala, Guatemala
193 Iran, Tehran
194 Cape Verde, Praia
195 in India, Chennai
USA 196, Houston, Tex.
197, Ottawa
198 Costa Rica, San Jose
199 Dominica, Roseau
200 Nicaragua, Managua
201 Guyana Georgetown
202 Dominican Republic, Santo Domingo
203 Bulgaria, Sofia
204 Suriname, Paramaribo
205 Cuba Havana
206 Oman, Muscat
207 India, Calcutta
208 Mongolia, Ulan Bator
209 Tajikistan, Dushanbe
210 in India, Hyderabad
211 Burundi, Bujumbura
USA 212, San Antonio Tex
213 Myanmar, Yangon
214 Uruguay, Montevideo
215 Paraguay, Asuncion
216 Albania Tirana
217 Brunei, Bandar Seri Begawan
218 Mauritius, Port Louis
219 Fiji, Suva
220 Egypt, Cairo
221 Australia, Brisbane
222 El Salvador, San Salvador
223 Democratic Republic of Korea, Pyongyang
224 Laos, Vientiane
225 Mexico, Mexico
226 Morocco, Rabat
227 India, Bangalore
228 St. Lucia, Castries
229 New Zealand, Auckland
230 Kiribati, South Tarawa
231 Kosovo, Pristina
232 Kenya, Nairobi
233 Serbia, Belgrade
234 Bangladesh, Dhaka
235 Pakistan, Lahore
236 Bolivia, La Paz
237 Colombia, Bogota
238 Botswana Gaborone
239 Sri Lanka, Colombo
240 Pakistan, Islamabad
241 Turkmenistan, Ashgabat
242 Kyrgyzstan, Bishkek
243 Macedonia, Skopje
244 Pakistan, Karachi
245 Australia, Adelaide
246-Montenegro, Podgorica
247 Chile, Santiago
248 Malaysia, Kuala Lumpur
249 China, Macao
250 Eritrea, Asmara
251 in Baghdad, Iraq
252 Argentina, Buenos Aires
253 Bosnia-Herzegovina, Sarajevo
254 Uzbekistan, Tashkent
255 Ecuador, Quito
256 Nepal, Kathmandu
257 Tunisia Tunis
258 Yemen, Sanaa
259 Bhutan, Thimphu
260 South Africa, Johannesburg
261 in China, Shenzhen
262 Tonga, Nuku'alofa
263 China, Dalian
264 South Africa, Pretoria
265 Lesotho, Maseru
266 China Wuhan
267 Namibia, Windhoek
268 Libya, Tripoli
269 South Africa, Cape Town
270 China, Guangzhou
271 Seychelles, Victoria
272 Africa South Durban
273 Cambodia, Phnom Penh
274 Swaziland, Mbabane
275 China, Tianjin
276 Zimbabwe, Harare
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