Bali is a province and an island located in the westernmost end of the Lesser Sunda Islands, lying between Java to the west and Lombok to the east. Bali's economy is based on tourism (larget based on GDP), agriculture (larget employer), and handicrafts. Indonesia is in South Eastern Asia, archipelago between the Indian Ocean and the Pacific Ocean. Tropical; hot, humid; more moderate in highlands. Mostly coastal lowlands; larger islands have interior mountains. The official language is Bahasa Indonesia. English is also spoken by the educated elite and large numbers of the middle classes in the major cities with varying degrees of fluency. A few members of the older generation speak Dutch. The main religion is Islam. The economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and is also a member of G-20 major economies. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods, including fuel, rice, and electricity. The population in Bali is 3.9 Mil (2014 est.), while the inflation rate is 6.7% (2014 est.).
Cost Of Living
The cost of living for expatriates in Bali as at 1 October 2014 is low in comparison to other places in the world. In Bali, 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 High 2) Clothing: High 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 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: Average 13) Transport: Very Low Bali is for example -15.8% cheaper than Montevideo for groceries, 5.9% more expensive for household costs than Durban, and -39.1% cheaper for transport costs than Athens. Bali 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 Bali for an expat from Zurich is for example 20%, i.e. host location (Bali) 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 Bali? Register subscribe to your home location and Bali and run your personalised reports.