Lagos, Nigeria ranks 6th in the World’s Cheapest Cities Today
The 10 cheapest cities in the world in 2019.
The annual Economist Intelligence Unit survey, which compares prices in 133 cities globally reveals cheapest cities in the world 2019.
The Economist Intelligence Unit said a “growing number of locations” were becoming cheaper because of the impact of political or economic disruption.
Inflation and volatile currency fluctuations helped drive changes in this year’s ranking, with places like Argentina and Venezuela all seeing a sharp fall in their cost of living ranking.
Recall that in 2018, Nigeria overtook India as the country with the largest number of extreme poverty. Now, Lagos has ranked 6th in the world’s cheapest cities.
Caracas in Venezuela, where inflation neared 1,000,000% last year forcing the government to launch a new currency, was ranked the least expensive city in this year’s survey.
The price of a cup of coffee in the capital Caracas doubled to 400 bolivars ($0.62; £0.50) in the space of only a week last December, according to Bloomberg.
Damascus in Syria was ranked the world’s second cheapest city.
See list below:
1. Caracas (Venezuela)
Caracas, Venezuela’s capital is a commercial and cultural center located in a northern mountain valley. The Caracas city ranked 1st in a survey conducted by the annual Economist Intelligence Unit as the World’s Cheapest cities .
2. Damascus (Syria)
The capital of the Syrian Arab Republic, Damascus ranked second after Venezuela’s Caracas city. Damascus is also known as the Syria’s largest city, following the decline in population of Aleppo due to the battle for the city.
3. Tashkent (Uzbekistan)
Despite being known for its many museums and its mix of modern and Soviet-era architecture, Tashkent was listed as one of the world’s cheapest country in as at the time of writing. Tashkent is the capital city of Uzbekistan.
4. Almaty (Kazakhstan)
In fourth position is Almaty, Kazakhstan’s largest metropolis.
The Almaty, city is set in the foothills of the Trans-Ili Alatau mountains. It served as the country’s capital until 1997 and remains Kazakhstan’s trading and cultural hub.
5. Bangalore (India)
Bengaluru (also called Bangalore) is the capital of India’s southern Karnataka state. The center of India’s high-tech industry, the city is also known for its parks and nightlife. By Cubbon Park, Vidhana Soudha is a Neo-Dravidian legislative building.
6. Karachi (Pakistan)
Pakistan’s Karachi ranked as sixth together with Nigeria’s Lagos city as the cheapest cities of the world. Karachi is the capital of the Pakistani province of Sindh. It is the most populous city in Pakistan.
6. Lagos (Nigeria)
Nigeria’s largest city, Lagos sixth.
Lagos Island is home to the National Museum Lagos, displaying cultural artifacts and craftworks.
7. Buenos Aires (Argentina)
Buenos Aires is Argentina’s big, cosmopolitan capital city.
7. Chennai (India)
Chennai, on the Bay of Bengal in eastern India, is the capital of the state of Tamil Nadu. The city is home to Fort St. George, built in 1644.
8. New Delhi (India)
New Delhi is an urban district of Delhi which serves as the capital of India and seat of all three branches of the Government of India.