Trading & Financial News
No Result
View All Result
Sunday, April 20, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Top 5 African cities with the highest purchasing power in 2025

by Tradinghow
February 22, 2025
in Markets
A A
0
Top 5 African cities with the highest purchasing power in 2025
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

In African cities, strong purchasing power means that inhabitants may spend more of their average net pay, improving their quality of life and promoting economic activity.

Given that buying power is tested against global standards, a score of 40 means locals can purchase 60% less goods and services than those in New York City, a higher score indicates citizens’ financial well-being.

When African cities have strong purchasing power, inhabitants can purchase basic goods and services including housing, healthcare, education, and transportation without breaking the bank.

This provides a higher standard of living, lowers poverty, and improves general societal well-being.

As people’s disposable income grows, local businesses prosper as demand for products and services rises.

This promotes economic growth, supports entrepreneurship, and develops a thriving commercial environment that benefits both small and large businesses.

Households with increased purchasing power can save and invest more, which promotes wealth-building and financial stability.

Families may invest in their children’s education, pay for better healthcare, and save for the future without becoming overly dependent on debt.

Governments profit from more tax revenue from value-added tax (VAT), income tax, and corporation tax when citizens earn and spend more.

The city’s economy may be strengthened even more by reinvesting this extra money in public welfare initiatives, social services, and infrastructure.

African cities with strong buying power can help stimulate intra-African trade by serving as commercial and industrial hubs. With more financially secure consumers, local industries may prosper, lowering reliance on imports and promoting regional economic integration.

With that said, here are the top 5 African cities with the highest purchasing power in 2025, according to Numbeo’s index, which shows the relative purchasing power in a certain city based on the average net pay.

“A domestic purchasing power of 40 means that residents with an average salary can afford, on average, 60% less goods and services compared to residents of New York City with an average salary.”

Top 5 African cities with the highest purchasing power in 2025

Rank City Local purchasing power index Global rank Country

1.

Pretoria

133.0

66th

South Africa

2.

Cape Town

108.0

134th

South Africa

3.

Johannesburg

107.7

138th

South Africa

4.

Durban

102.3

155th

South Africa

5.

Rabat

56.3

254th

Morocco



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
Opportunities for Investors in 2025 and Beyond

Opportunities for Investors in 2025 and Beyond

April 20, 2025
Concerns Rise on Delisting of Chinese Firms on US Exchanges

Concerns Rise on Delisting of Chinese Firms on US Exchanges

April 20, 2025
Top 10 African countries the United States promised the least money in 2024

Top 10 African countries the United States promised the least money in 2024

April 19, 2025

Recent News

China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
Opportunities for Investors in 2025 and Beyond

Opportunities for Investors in 2025 and Beyond

April 20, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In