Lima is the third cheapest country in the region for foreigners | Trade | Economy | World

Lima is one of the most economical cities for a alien to live in South America according to the ranking cost of living annually prepared by Mercer . This year, the Peruvian capital has dropped from 28 posts to 132.

The study examined business-level cities measuring the cost in more than 200 items, including housing costs, transportation, food, clothing, household items and entertainment.

At the regional level, the positions of other cities such as Sao Paulo (58), Santiago de Chile (69) Montevideo (75), Buenos Aires (76) and Rio de Janeiro (99), place them more

Meanwhile, Tegucigalpa, the capital of Honduras, is the least expensive city on the Continent (201), while Caracas, the capital of Venezuela, was excluded from the ranking because of its location. complex exchange.

Lima followed a pattern of behavior similar to that of the region: most cities in Latin America showed a significant drop in the cost of living. This is mainly due to a combination of factors, such as the behavior of inflation compared to 2017, but we must not lose sight of the fact that we are still more expensive than neighboring capitals such as Quito and Bogotá, "explains Gabriel Regalado, CEO of Mercer Peru.

WORLD RANKING

Overall, Hong Kong moved Luanda (Angola) to the forefront as the most expensive city in the world. Tokyo (Japan) and Zurich (Switzerland) occupy respectively second and third place, Singapore (Singapore) ranks fourth, up one place in the ranking compared to last year, and Seoul ( South Korea) is in

Thus, four of the five most expensive cities in the world for expatriates are Asian. By contrast, the most economical city in the world for expatriates is Tashkent in Uzbekistan (209).

It should be mentioned that US cities fell in the rankings due to a steady improvement in the European economy that resulted in a decline in the dollar.

New York fell four places to 13, being the most expensive city in the region. San Francisco (28) and Los Angeles (35) won seven and 12 places respectively over last year; while Chicago (51) fell by twenty positions.

Portland (130) and Winston Salem, North Carolina (161) remain the least expensive American cities for expatriates.