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Bangkok Now Among World's Most Expensive Cities

Bangkok Now Among World's Most Expensive Cities
Bangkok's skyline © Lifestyleasia.com

Bangkok has joined the list of the 100 most expensive cities for expatriate workers for the first time on the strong baht, economic growth and more stable politics, based on cost of living surveys by ECA International.

"Over the past five years, Bangkok has climbed more than 80 places. The Thai capital now sits in 90th place in our cost of living rankings," Lee Quane, Asian director of ECA International, said on Monday. The company provides information for the management and assignment of international employees.

"The Thai baht has strengthened in recent years, as the economy has expanded and the political landscape has stabilised. This means that Thai locations are now significantly more expensive for expat workers than they have been in the past," he said. Bangkok rose 32 places from last year.

 

The company conducts two cost of living surveys a year. The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in over 450 locations worldwide. Certain living costs such as accommodation rental, utilities, car purchases and school fees are excluded.

The world's most expensive city for expats is Ashgabat, the capital of Turkmenistan in Central Asia. The city has rocketed to the top spot from 146th in 2017 amid a deepening economic crisis.

In Asia, the second most expensive city is Hong Kong which is the sixth most expensive in the world.

Top 10 most expensive locations in Asia:

Source: Bangkok Post
Source: ECA International / Bangkok Post

 

Top most expensive locations in the world:

Source: ECA International / Bangkok Post
Source: ECA International / Bangkok Post

 

 


Source : Bangkok Post

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
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