Hong Kong Is 4th Most Expensive Place in the World for Expats: ECA

The video discusses the factors contributing to Hong Kong's rise in cost of living rankings, including currency strength and inflation. It explains the methodology of an expat survey used to assess living costs, which excludes property costs due to variable factors. The video also highlights Ashgabat's significant inflation, making it the most expensive city.

What is one of the main reasons for Hong Kong's rise in the cost of living rankings?

• Decrease in local inflation

• Strengthening of the US dollar

• Increase in property prices

• Reduction in transportation costs

What is the primary purpose of the cost of living assessment mentioned in the video?

• To decide on expatriate allowances

• To determine local tax rates

• To evaluate tourism potential

• To assess property values

What factor is NOT considered in the cost of living assessment's basket of goods?

• Property costs

• Groceries

• Transportation

• Electrical goods

Why are property costs excluded from the cost of living survey?

• They are included in the basket of goods

• They are not relevant to expatriates

• They are compensated separately by companies

• They are too volatile

Which city is currently ranked as the most expensive due to inflation?

• Hong Kong

• Tokyo

• Shanghai

• Ashgabat