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Beirut ranks 53rd globally, 4th regionally in cost of living index
18-7-2019
The Mercer Institute published its ‘2019 Cost of Living’ survey which compares the cost of living indices for expatriates in 209 countries around the world. The Mercer report is designed to help multinational companies determine compensation allowances and social benefits for their expatriate staff. It also helps them determine the feasibility of opening branches in different countries, especially if the cost of living is high and not commensurate with anticipated profits. According to the report, Beirut ranked 4th in the Middle East and North Africa and 53rd globally in terms of high cost of living, after Dubai, Abu Dhabi and Riyadh, and ahead of Doha and Kuwait City. The Lebanese capital also beat world cities like Amsterdam, Munich, Berlin, Madrid, Barcelona, Istanbul and Montreal. In terms of the quality of living, Beirut ranked 184th globally out of 231 cities. Noting, that in order to determine the cost of living, the Mercer survey measures the cost of food, alcohol, tobacco, housing, clothing, footwear, domestic services, special care, transport, local supplies and entertainment. To determine the quality of life, Mercer weighs various factors, including political (political and security stability, observation of laws), economic (banking services…), educational (quality of education), public services (electricity, water, public transportation and traffic), entertainment (theatres, restaurants, cinemas…), housing, consumer goods (cars …), medical services, epidemics, diseases, climate, pollution, etc. (Al Akhbar, July 16, 2019)
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