Bangkok now among 50 most expensive cities for expats globally

Bangkok Now Among 50 Most Expensive Cities For Expats Globally

Bangkok can now claim the dubious honour to be ranked among the 50 most expensive cities for expats worldwide, having moved 43 notches up to rank 47 on the semi-annual cost of living survey released by ECA International, a management advisory for internationally assigned expats.

The surveys compare a basket of like-for-like consumer goods and services commonly purchased by expat employees in over 480 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of living basket.

Bangkok’s jump is largely related to the continued strength of the Thai baht, which is driving up housing costs and prices for goods, especially important ones. Expats are complaining that prices for many goods imported from Western countries have reached disproportionate heights, additionally driven by high import taxes.

Bangkok has moved up 75 places in the last two years, entered the Top-100  list of expensive cities last year and is now also the second most expensive city in Southeast Asia, only behind Singapore.

“Bangkok, long seen as a cheap destination for holidaymakers and expatriates alike, has seen a huge jump in its rankings, moving the most out of all Asian cities surveyed. This is largely the result of the strong baht,” said Lee Quane, regional director for Asia with ECA International.

“Furthermore, as the economy remains relatively strong and the political landscape has stabilised, Thai locations are now significantly more expensive for expat workers than they have been in the past,” he added.

The priciest city for expats in Asia, and also globally, remains Ashgabat, the capital of Turkmenistan. The city has rocketed to the top spot from 146th in 2017 amid a deepening economic crisis and rampant inflation.

In Asia, the list continues with Tokyo, Hong Kong, Yokohama, Nagoya, Osaka, Singapore, Seoul, Macau and Shanghai.

Bangkok can now claim the dubious honour to be ranked among the 50 most expensive cities for expats worldwide, having moved 43 notches up to rank 47 on the semi-annual cost of living survey released by ECA International, a management advisory for internationally assigned expats. The surveys compare a basket of like-for-like consumer goods and services commonly purchased by expat employees in over 480 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of...

Bangkok Now Among 50 Most Expensive Cities For Expats Globally

Bangkok can now claim the dubious honour to be ranked among the 50 most expensive cities for expats worldwide, having moved 43 notches up to rank 47 on the semi-annual cost of living survey released by ECA International, a management advisory for internationally assigned expats.

The surveys compare a basket of like-for-like consumer goods and services commonly purchased by expat employees in over 480 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of living basket.

Bangkok’s jump is largely related to the continued strength of the Thai baht, which is driving up housing costs and prices for goods, especially important ones. Expats are complaining that prices for many goods imported from Western countries have reached disproportionate heights, additionally driven by high import taxes.

Bangkok has moved up 75 places in the last two years, entered the Top-100  list of expensive cities last year and is now also the second most expensive city in Southeast Asia, only behind Singapore.

“Bangkok, long seen as a cheap destination for holidaymakers and expatriates alike, has seen a huge jump in its rankings, moving the most out of all Asian cities surveyed. This is largely the result of the strong baht,” said Lee Quane, regional director for Asia with ECA International.

“Furthermore, as the economy remains relatively strong and the political landscape has stabilised, Thai locations are now significantly more expensive for expat workers than they have been in the past,” he added.

The priciest city for expats in Asia, and also globally, remains Ashgabat, the capital of Turkmenistan. The city has rocketed to the top spot from 146th in 2017 amid a deepening economic crisis and rampant inflation.

In Asia, the list continues with Tokyo, Hong Kong, Yokohama, Nagoya, Osaka, Singapore, Seoul, Macau and Shanghai.

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