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I was very surprised to find Caracas at #9 in the linked article of most expensive cities in the world; Venezuela having a pro capita GDP of around $13K I would
by lultimouomo 12y ago
I was very surprised to find Caracas at #9 in the linked article of most expensive cities in the world; Venezuela having a pro capita GDP of around $13K I would have expected the cost of life to be quite low.
Does anyone have first hand experience of that, or an explanation of why it is so?
- mithras 12y agoThe study was probably done at the governments official exchange rate which is far off from the black market rate. Which would make it seem more expensive.
- pjc50 12y agoInequality? It's an oil country. I'd not be surprised to find it's full of million-dollar apartments driving the average up. Maybe the low wage workers live beyond the city boundary, or in favelas that are excluded from the average. http://www.architonic.com/ntsht/over-site-how-caracas-s-new-cable-car-system-is-making-the-city-s-favelas-more-visible/7000511 http://www.architonic.com/ntsht/over-site-how-caracas-s-new-...
- koyote 12y agoI would not believe any of the numbers in that article. Just look at the numbers for Paris vs Munich. Paris is higher in everything but is ranked one behind Munich.