Quito, is the capital city of Ecuador. Quito is the second-highest administrative capital city in the world (after La Paz, Bolivia), and the highest legal capital (ahead of Sucre, also in Bolivia, and Bogota, Colombia). Ecuador is in Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru. Tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands. Coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente). The official languages are Spanish and Quechua. Quechua is spoken by Amerindians. English is spoken in some business circles, but a knowledge of Spanish is recommended and appreciated. Spanish is a necessity outside the main cities. The main religion is Christianity. The economy of Ecuador is dominated by natural resources which include petroleum, fish, shrimp, timber and gold. In addition, it has rich agriculture: bananas, flowers, coffee, cacao, sugar, tropical fruits, palm oil, palm hearts, rice, roses, and corn. The country´s greatest national export is crude oil. The security risk for expatriates in Ecuador is low, but medium in Quito and Guayaquil, and high near the Colombian border. Risks include petty / street crime such as bag snatching, abductions / kidnapping for ransom, protests and demonstrations, as well as high levels of corruption. Other risks include active volcanoes. The population in Quito is 2.7 Mil (2014 est.), while the inflation rate is 3.67% (2014 est.).
Cost Of Living
The cost of living for expatriates in Quito as at 1 January 2015 is low in comparison to other places in the world. In Quito, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Average 2) Clothing: High 3) Communication: High 4) Education: Low 5) Furniture & Appliances: Very High 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very Low Quito is for example -14.3% cheaper than Montevideo for groceries, -16.7% cheaper for household costs than Durban, and -40% cheaper for transport costs than Athens. Quito is ranked as a high degree of 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 Quito for an expat from Zurich is for example 20%, i.e. host location (Quito) premium of 30% 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 Quito? Register subscribe to your home location and Quito and run your personalised reports.