Luanda, Angola - the world's second most expensive for expatriates

The main promenade in the capital of Luanda in Angola. PHOTO/Alamy

This year Luanda, the capital of Africa’s second largest oil producer Angola, has been named the second most expensive city to live in across the globe. Angola has become the third-largest economy in Africa after South African and Nigeria owing to an ‘oil boom’. Crude oil sales account for over 95 percent of its export revenue, and the government expects GDP growth of 12.8 percent in 2012.

The study, conducted by

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