Suriname, Paramaribo – Cost of Living

The economy of Suriname is dominated by the bauxite industry, which accounts for more than 15% of GDP and 70% of export earnings. Other main export products include rice, bananas and shrimp.

Paramaribo is the capital and largest city of Suriname. Paramaribo’s major exports are gold, bauxite, sugar cane, rice, cacao, coffee, rum, and tropical woods. Cement and paint are manufactured in the city.

Paramaribo has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Sudan, Khartoum – Cost of Living

The economy of Sudan has been buffeted by civil war, political instability, adverse weather, weak world commodity prices, a drop in remittances from abroad, and counterproductive economic policies. The private sector’s main areas of activity are agriculture and trading, with most private industrial investment predating 1980. Agriculture employs 80% of the work force.

Khartoum is the capital of Sudan and of Khartoum State. Khartoum has a thriving economy. In recent years Khartoum has seen significant development, driven by Sudan’s oil wealth. The center of the city is well-planned, with tree-lined streets.

Khartoum has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Sri Lanka, Colombo – Cost of Living

The economy of Sri Lanka is famous for the production and export of tea, coffee, coconuts, rubber and cinnamon which is native to the country.

Colombo is the largest city and commercial capital of Sri Lanka. The great majority of Sri Lankan corporations have their head offices in Colombo. Some of the industries include chemicals, textiles, glass, cement, leather goods, furniture, and jewellery. In the city centre is located South Asia’s second tallest building – The World Trade Centre.

Colombo has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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The Positives and Negatives of Moving Internationally

This is a basic summary on the Positives and Negatives on moving from one place to another in our global world from someone who has been there and done it a couple of times.  How to make the negatives positive and how to make the decision whether you are ready to leave your comfort zone or not, to have an adventure and enjoy it as such or not.  To remember you are never alone on this journey of discovery.

 

1. You are able to live in a country with a different culture and if you embrace the culture and enjoy every aspect of it, you will enjoy your stay;
2. It is very interesting to see how different countries work, from government departments through to shops and even the traffic rules;
3. You get to explore a completely new environment and travel without it costing you a fortune;
4. You make new friends from all over the world, as an expat you will become part of an expat community and this community will tell you where to go, travel and visit;
5. Then there is the local community and if you are working with locals, they will do the same thing, tell you where to go to experience the local community;
6. Usually you get to earn a better salary than in your country of origin, so save save save;
7. It is also not unusual, when accepting a job through an overseas company that many of the normal day to day expenses are paid for, such as accommodation, transport, medical and schooling; and many others that are taken care of;
8. If you have children they will have the opportunity of getting an international schooling and become global citizens of the world;
9. Many people are never given the opportunity to move around the world, this is such a wonderful opportunity to teach your children how to cope in different situations, travel and cope in airports, embrace other cultures and generally survive a different lifestyle;
10. You learn to take baby steps, accept how things work or don’t, not to sweat the small stuff and become accepting of situations, people and places iow to chill.  All of the above can teach you a lot about yourself.

 

So what about the negatives….it is so normal for us humans to always potentially look at the negative side before we look at the positives and we tend to always find so many more negatives.  So here is my list…but with positives to go with them:

1. Packing your entire life to move or store, probably the worst part of moving, you need to decide what to keep or sell or give away or throw away; positively it’s a great opportunity to get rid of junk!
2. Unpacking, ditto to the above….
3. Leaving your family and friends behind which under any situation is difficult; positively the world is such a small place now that between email, blogs and skype they are always only a pc away. Plus with air travel it is easy to get home very very quickly;
4. The language differences can result in misunderstandings and things not getting done in the way you would have done them in your own country, positively this teaches us patience and English is a fairly universal language;
5. You will have to go through all the processes of getting Visa’s, Residence Permits, sometimes even going through medicals, driving tests, finger printing, etc (depending on the country you are going to) which can be incredibly frustrating, but this is the way that the country you are moving to can keep tabs on who is coming and going from their country.  Positively, it should make you feel safer knowing that they are checking on who is entering, that these people are responsible citizens of the world and have no criminal records, etc.
6. It will be hard for the family to settle, everything is different and unusual if you have gone to a culture very different from your own, even if it is similar it is still different; talk to the family, let everyone express how they are feeling, be understanding of each others’ moods and positively it gets the family talking;
7. New routines, a new school, a new office, new friends; and all of these take time; but all the above have the word new in so that is positive….
8. Moving countries is one of the top 3 most stressful situations a person can be in, but how you handle it will result in how well your health copes with the move; remember to always think about (perhaps even list) the reasons you made the decision to move (make sure it is a decision that has been made by the family) and hang on to all those positives, you are going to hit rough patches and you are going to need all your positive lists to get through certain stages and times of the move.

 

So not too bad, I love being a citizen of the world, I love knowing that I have gone through this  process, that I can do it, that I can be positive, that I can meet some fantastic people that are different to me, that life is bigger than just my small little world….

 

If you are thinking about moving, think of the positives and negatives that it will create in your life and if you can cope especially with the negatives, go for it!  Have an adventure!

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Transport International Cost of Living Ranking

This report provides you with the rank of Transport cost of living indexes for 282 global locations. The indexes are calculated using the prices for specific quantities of the same goods and services in each location, based on expatriate spending patterns across 13 broad categories (Basket Groups).

Transport costs include public transport, vehicle costs, vehicle fuel, vehicle insurance and vehicle maintenance such as hire purchase / lease of vehicle, petrol / diesel, public transport service maintenance, tires, vehicle Insurance, and vehicle purchase.

The latest transport international cost of living rank is now available.

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Spain, Barcelona – Cost of Living

The economy of Spain has been regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.

Madrid is the capital and largest city of Spain. Madrid is a major centre for international business and commerce. It is one of Europe’s largest financial centres and the largest in Spain.

Barcelona has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Europe Cost of Living – 2010

Europe’s most expensive cities, as at 1 July 2010, are those that are not on the Euro. The most expensive city in Europe is Geneva (ranked 3 in the world). The Swiss Franc has strengthened by 8% in the past year and by 16% over the past 2 years. Geneva is followed by Oslo (ranked 5 in the world), and Zurich (ranked 6 in the world). Copenhagen (ranked 7 in the world) is the fourth most expensive city in Europe and is particularly expensive for groceries (ranked 2 in the world). Moscow (ranked 9 in the world) which had fallen in the cost of living rankings has shot back up 6th most expensive city in Europe. The Russian Rouble has strengthened 14% against the Euro in the past year. The cheapest city in Europe is Sarajevo in Bosnia and Herzegovina (ranked 253 in the world) with a cost of living index of 64.72 (New York = 100).

Most expensive cities in Europe (Global rank in brackets)
1. Switzerland, Geneva (3)
2. Norway, Oslo (5)
3. Switzerland, Zurich (6)
4. Denmark, Copenhagen (7)
5. Liechtenstein, Vaduz (8)
6. Russia, Moscow (9)
7. France, Paris (10)
8. Monaco, Monaco (12)
9. United Kingdom, London (14)
10. Austria, Vienna (16)

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International Cost of Living Index Rank 2010

Tokyo is the costliest city in the world in which to live.

Tokyo is the most expensive city in the world in which to live out of 282 global locations surveyed as at 1 July 2010. While Tokyo is relatively cheap for items such as alcohol & tobacco (ranked 173), it is the most expensive for groceries and healthcare, and second only to Hong Kong for household accommodation costs. Whilst Tokyo has always been relatively expensive, this trend has been strengthened again recently, as a result of the Japanese Yen which has gained in value by about 18% against the United States Dollar in the past two years.

As the most expensive city in the world, Tokyo has an overall cost of living index of 153.2 (New York = 100), while Dubai (ranked 131 in the world) has a cost of living index of 82.15. Therefore Tokyo’s cost of living is 86% higher than Dubai. That means that an expatriate earning USD$5,000 per month in Dubai would need to earn USD$9,300 per month in Tokyo to enable them to have the same purchasing power, and therefore a similar standard of living as they had in Dubai. The cost of living for an expatriate is affected by both the availability and prices, of goods and services representative of an expatriate lifestyle, local inflation, and the exchange rate between the home and host country. As a result the cost of living has a significant impact of an expatriate’s salary package.

Hong Kong is the second most expensive city in the world for expatriates to live in. The high overall cost of living rank for Hong Kong is primarily a result of two expensive basket groups. Hong Kong is the second most expensive city in the world for healthcare, and is the most expensive city in the world for household accommodation which typically comprises 30% of an expatriate’s expenses. Hong Kong is a good example of why many international organizations compensate separately for healthcare as well as household related costs such as housing rental, water, electricity, household gas, household fuels, local rates and residential taxes. Items that are provided by the employer should be excluded from a cost of living index calculation. The cost of living index for Hong Kong excluding healthcare and household related costs is substantially lower than it’s overall cost of living index of 127.87 (New York = 100).

Hong Kong is relatively cheap for recreation & culture (ranked 236 in the world), education (ranked 244 in the world), as well as furniture & appliances (ranked 263 in the world).

Geneva is the third most expensive city in the world, with a cost of living index of 124.49 (New York = 100), mainly as a result of being relatively expensive in most of the basket groups with the exceptions being alcohol & tobacco (ranked 194 in the world), education (ranked 167 in the world), and communication (ranked 108 in the world), but also due to the 16% strengthening of the Swiss Franc against the Euro over the past 2 years.

Brasilia is the fourth most expensive city in the world. The Brazilian Real has strengthened by 11% against the United States Dollar in the past year, although it is still weaker than it was two years ago. Brasilia is ranked in the top 60 most expensive cities in the world for each of the 13 basket groups.

Oslo is the fifth most expensive city in the world with a cost of living index of 122.05 (New York = 100). The Norwegian Kroner has strengthened by 16% against the Euro in the past year. Oslo is the most expensive city in the world for transport, and the second most expensive city for alcohol & tobacco. Oslo is also expensive for groceries as well as restaurants, meals out and hotels (ranked 5 in the world).

The top 20 most expensive of 282 international locations using all 13 basket groups is as follows:

July 2010 Rank Country, City

1 Japan, Tokyo
2 China, Hong Kong
3 Switzerland, Geneva
4 Brazil, Brasilia
5 Norway, Oslo
6 Switzerland, Zurich
7 Denmark, Copenhagen
8 Liechtenstein, Vaduz
9 Russia, Moscow
10 France, Paris
11 Venezuela, Caracas
12 Monaco, Monaco
13 Australia, Sydney
14 United Kingdom, London
15 Angola, Luanda
16 Austria, Vienna
17 Australia, Canberra
18 Germany, Munich
19 Italy, Milan
20 Gabon, Libreville

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Spain, Madrid – Cost of Living

The economy of Spain has been regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.

Barcelona is the capital and the most populous city of the Autonomous Community of Catalonia and the second largest city in Spain. Barcelona’s economy consists of finance, commerce, media, entertainment, arts and international trade. Barcelona has a long-standing mercantile tradition.

Madrid has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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South Africa, Pretoria – Cost of Living

The economy of South Africa is a two tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialised economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.

Pretoria is a city located in the northern part of Gauteng Province, South Africa. It is one of the country’s three capital cities, serving as the executive (administrative) and de facto national capital. As the national administrative (executive) capital of South Africa, Pretoria is the seat of government and houses the headquarters of the main government departments and ministries. As the de facto capital city, it also hosts the foreign embassies and diplomatic missions. The city is a major commercial centre and an important industrial centre. Its main industries are iron and steel works, copper casting, and the manufacture of automobiles, railway carriages and heavy machinery.

Pretoria has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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