Casablanca - Morocco’s economic capital is affected by the constant rise of living standards according to city rankings published by Mercer for 2014.
According to a recent study released by the consulting company, Mercer, the costs of living in Casablanca is increasing each year, turning it into one of the most expensive cities for expatriates.
As a result of the increasing costs of living, residents of Casablanca are forced to live under high living standards that even overcome cities like Boston, capital of and largest city in the state of Massachusetts in the United States.
According to a release published by Mercer, the survey is “ designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city, and all cities are compared against it. Currency movements are measured against the US dollar.”
The Mercer study included 211 cities around the world. Mercer ranks Casablanca, the economic capital of Morocco, as the 107th most expensive city in the world.
Mercer compared the cost of over 200 goods and services, including housing, transport, food, clothing, and leisure activities in each of the 211 cities listed on its website.
The survey is intended to support the efforts of governments and companies to respond to the international financial crisis.
While the high cost of living in developing countries, such as Morocco, may seem surprising, the main source of the increases in the cost of living is the constant consumption of products from abroad, leaving most Moroccan citizens on a tight budget, due to the purchase of high-quality products.
Edited by Elisabeth Myers