Dhaka, the capital city of Bangladesh, is more expensive than Frankfurt of Germany, Brussels of Belgium and Boston of the United States, according to web sites reports.
Mercer's 24th annual Cost of Living Survey, released on Tuesday, ranked Dhaka at 66th costly city for foreigners among 209 cities of the different countries of the world.
In fact, Dhaka is the second most expensive city in South Asia after Mumbai (55th) of India for the expats.
Mercer's survey reveals that Hong Kong has passed Luanda to take the top spot as the world's most expensive city for expatriates.
Tokyo and Zurich are in second and third positions, respectively, with Singapore in fourth, up one place from last year.
This means that four out of five of the world's most expensive cities for expatriates are now in Asia.
Other cities appearing in the top 10 of Mercer's costliest cities for expatriates are Seoul (5), Luanda (6), Shanghai (7), N'Djamena (8), Beijing (9), and Bern (10).
The world's least expensive cities for expatriates are Tashkent (209), Tunis (208), and Bishkek (207).
Mercer's widely recognized survey is one of the world's most comprehensive, and is designed to help multinational companies and governments determine compensation strategies for their expatriate employees.
New York City is used as the base city for all comparisons, and currency movements are measured against the US dollar.
The survey includes over 375 cities throughout the world; this year's ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.
Mumbai (55) is India's most expensive city, followed by New Delhi (103) and Chennai (144). Kolkata (182) and Bengaluru (170) are the least expensive Indian cities ranked.
Elsewhere in Asia, Bangkok (52) jumped fifteen places from last year.
Kuala Lumpur (145) also rose in the ranking, up twenty places, while Hanoi (137) plummeted thirty-seven places.
Bishkek (207) and Tashkent (209) remain the region's least expensive cities for expatriates.
Australian cities have fallen in the ranking this year. Brisbane (84) and Perth (61) dropped thirteen and eleven spots, respectively, while Sydney (29), Australia's most expensive ranked city for expatriates, experienced a relatively moderate drop of five places.
- Courtesy: The Financial Express/ June 27, 2018
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