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Worldwide Cost of Living 2016
Report

Worldwide Cost of Living 2016

A Special Report from The Economist Intelligence Unit

The Economist Intelligence Unit
EIU, 2016
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Editorial Rating

7

Qualities

  • Innovative

Recommendation

Whether you’re a tourist, expat or corporate manager in charge of far-flung operations, this twice-yearly survey from the Economist Intelligence Unit on the cost of living in world-class cities is required reading. The report’s research on more than 160 day-to-day expenditures reveals shifting patterns in the prices of food, housing, entertainment and other living expenses in major cities. getAbstract recommends this concise overview to financial and HR executives responsible for crafting employee compensation and relocation packages, as well as travel expense budgets.

Take-Aways

  • In 2016, Singapore is the world’s most expensive city. Residents face especially high charges for automobile ownership and maintenance, utilities, and clothing.
  • Damascus and Caracas are tied as the cheapest global cities.
  • Factors driving changes in the cost of living include languishing commodity prices, currency fluctuations and diminished demand.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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