Perth is the capital and largest city of the Australian state of Western Australia. Perth ranks fourth amongst the nation's cities, with a growth rate consistently above the national average. Perth dominates the Western Australian economy by virtue of its population and role as the administrative centre for business and government, despite the major mining, petroleum and agricultural export industries located elsewhere in the state. Perth’s function as the State’s capital city, its economic base and population size have also created development opportunities for many other businesses oriented to local or more diversified markets. Australia is in Oceania, a continent between the Indian Ocean and the South Pacific Ocean. The climate is generally arid to semi arid but temperate in the south and the east and tropical in the north. The official language is English. The main religion is Christianity. The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation's exports. Australians typically talk directly rather than around issues, generally do not like class orientated structure, preferring informality and modesty such as first names even in a business setting (although dress tends to be formal), respect the opinions of others, and enjoy a good debate. Australians typically take turns in paying for beverages, and often use humour to establish rapport. The security risk for expatriates in Australia is low. Risks include low levels of petty crime in busy tourist areas. The currency of Australia is the Australian Dollar (AUD). Banking is on a par with that of Western Europe and North America. The standard of healthcare in Australia is very good however costs of treatment for expatriates can be high. The population of Perth is 2 Million (2016 est.), while the inflation rate is 1.7% (2016 est.).
Cost Of Living
The cost of living for expatriates in In Perth, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Perth as at 1 April 2016 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: Very High 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Perth is for example 50.2% more expensive than Bangladesh for groceries, 28.6% more expensive for household costs than Dhaka, and -16.7% cheaper for transport costs than Barbados. The hardship premium for Perth for an expat from Thimphu, is for example -20%, i.e. host location (Perth) premium of 10% minus home (Thimphu) location premium of 30%. Perth is ranked as a minimal hardship location. Want to know more about cost of living, hardship or expat pay in Perth? Register subscribe to your home location and Perth and run your personalised reports.