Bangkok was included within the list of the 100 most costly cities for expatriate staff for the primary time attributable to the strong baht, economic growth and more stable politics, based on cost of living research by ECA International.
“Over the last five years, Bangkok has moved up more than 80 places. The Thai capital currently ranks 90th in our cost of living ranking, said Lee Quane, Asia director of ECA International, on Monday. The company provides information on the management and posting of international workers.
“The Thai baht has strengthened in recent years as the economy develops and the political landscape stabilizes. This means that locations in Thailand are now much more expensive for expatriate workers than in the past,” he said. Bangkok rose 32 places in comparison with last yr.
The company conducts two cost of living surveys per yr. The research compares a basket of comparable consumer goods and services commonly purchased by assignees in greater than 450 locations world wide. Some living costs comparable to accommodation rental, utilities, automobile purchases and tuition fees are usually not excluded.
The most costly city on the planet for emigrants is Ashgabat, the capital of Turkmenistan in Central Asia. The city climbed to first place from 146th in 2017 amid a deepening economic crisis.
In Asia, the second most costly city is Hong Kong, which is the sixth most costly city on the planet.
Top 10 most costly locations in Asia:
The most costly locations on the planet:
Source : post office in Bangkok
