Phnom Penh is the capital and largest city of Cambodia. Double-digit economic growth rates in recent years have triggered an economic boom, with new hotels, restaurants, bars, and residential buildings springing up around the city. Phnom Penh's wealth of historical and cultural sites makes it a very popular tourist destination. Cambodia is in South-eastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. Tropical; rainy, monsoon season (May to November); dry season (December to April); little seasonal temperature variation. Mostly low, flat plains; mountains in southwest and north. The official language is Khmer. French is spoken by the older generation who survived the Khmer Rouge era. Many middle-class young people in the main urban areas speak English. Chinese and Thai are also used, though given current tensions the latter language should be used with care. The main religion is Buddhism. The economy of Cambodia has seen rapid progress in the last decade. Per capita income, although rapidly increasing, is low compared with most neighbouring countries. The main domestic activity on which most rural households depend is agriculture and its related sub-sectors. Manufacturing output is varied but is not very extensive and is mostly conducted on a small-scale and informal basis. The population in Phnom Penh is 2.2 Mil (2014 est.), while the inflation rate is 4.9% (2014 est.).
Cost Of Living
The cost of living for expatriates in Phnom Penh as at 1 July 2014 is low in comparison to other places in the world. In Phnom Penh, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Very Low 3) Communication: High 4) Education: Low 5) Furniture & Appliances: Low 6) Groceries: Average 7) Healthcare: Very Low 8) Household Accommodation: Average 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Phnom Penh is for example -2.2% cheaper than Montevideo for groceries, -7% cheaper for household costs than Durban, and -21.4% cheaper for transport costs than Athens. Phnom Penh is ranked as a extreme hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Phnom Penh for an expat from Zurich is for example 30%, i.e. host location (Phnom Penh) premium of 40% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Phnom Penh? Register subscribe to your home location and Phnom Penh and run your personalised reports.