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A view of Gulshan space in Dhaka. Picture: Wikimedia
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A view of Gulshan space in Dhaka. Picture: Wikimedia
Dhaka as soon as once more ranked as the most costly metropolis in South Asia for worldwide staff to reside in, in accordance with a brand new survey evaluating the costs of 200 items and providers in every location.
Regardless of dropping 58 positions in a 12 months, Dhaka continues to be among the many prime 100 most costly cities on the planet for expatriates within the Mercer’s Value of Residing Survey 2022.
This 12 months, the Bangladesh capital got here in at 98th most costly metropolis for international staff whereas it was in fortieth in 2021 and twenty sixth in 2020, indicating Dhaka is getting inexpensive.
Nonetheless, the town continues to be costlier for abroad staff to reside in than a few of the most developed ones on the planet. Malaysia’s Kuala Lumpur ranked 181st on the checklist, Qatar’s Doha 133rd, Saudi Arabia’s Jeddah 111th, Canada’s Vancouver 108th, Thailand’s Bangkok 106th, and Australia’s Canberra 104th.
Launched on Wednesday, the survey contains over 400+ cities all through the world and this 12 months’s rating contains 227 cities and measures the comparative value of greater than 200 items and providers in every location, together with housing, transportation, meals, clothes, family items, and leisure.
New York Metropolis was used as the bottom metropolis for all comparisons and foreign money actions are measured towards the US greenback. The price comparisons had been derived from the survey performed in March this 12 months.
In South Asian desk, Mumbai (127th), New Delhi (a hundred and fifty fifth), Chennai (177th) and Bengaluru (178th) from India are listed as less expensive for abroad staff to reside in than Dhaka.
Even Sri Lanka’s capital Colombo can be less expensive than Dhaka, which ranked 183rd globally.
It’s adopted by Hyderabad (192nd), Pune (201st), and Kolkata (203rd).
Pakistan’s Islamabad and Karachi are named because the least costly metropolis for expatriates in South Asia, ranked 224th and 223rd globally. The cities are additionally the fourth and fifth least costly on the planet.
On the different finish of the desk, the most affordable locations for worldwide staff to reside had been Turkey’s Ankara, Bishkek in Kyrgyzstan and Dushanbe in Tajikistan.
In the meantime, Hong Kong is as soon as once more the world’s costliest cities for expatriates, adopted by Zurich (2) and three different Swiss cities – Geneva (third), Basel (4th) and Bern (fifth).
4 out of 10 most costly cities to reside in for the worldwide assignees are situated in Asia.
Mercer’s value of dwelling information along with its mobility analysis and the learnings from Mercer’s work with purchasers, signifies that the rise of distant and versatile working, the conflict in Ukraine, alternate charge variations and widespread inflation are having a fabric influence on staff’ pay and financial savings, which can have critical penalties for employers within the international battle for expertise.
Yvonne Traber, Companion at Mercer and World Head for the Mobility Enterprise stated, “The volatility triggered by Covid-19 and additional worsened by the disaster in Ukraine has fueled international financial and political uncertainty. This uncertainty, coupled with important rising inflation in a lot of the nations around the globe, has worldwide assignees involved about their buying energy and socio-economic stability.”
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