Monrovia is the capital city of the West African nation of Liberia. The city's economy is dominated by its harbour. Monrovia is Liberia's financial centre. Liberia is in Western Africa, bordering the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone. Tropical; hot, humid; dry winters with hot days and cool to cold nights; wet, cloudy summers with frequent heavy showers. Mostly flat to rolling coastal plains rising to rolling plateau and low mountains in northeast. The official language is English. It is the language of business. The main religions are Christianity, Islam, indigenous beliefs. The economy of Liberia was negatively impacted by the civil war and government mismanagement, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned. The population in Monrovia is 1.011 Mil (2014 est.), while the inflation rate is 9.6% (2014 est.).
Cost Of Living
The cost of living for expatriates in Monrovia as at 1 October 2014 is high in comparison to other places in the world. In Monrovia, 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: Very Low 3) Communication: High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Monrovia is for example 50.5% more expensive than Montevideo for groceries, 12.3% more expensive for household costs than Durban, and -23.5% cheaper for transport costs than Athens. Monrovia 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 Monrovia for an expat from Zurich is for example 30%, i.e. host location (Monrovia) 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 Monrovia? Register subscribe to your home location and Monrovia and run your personalised reports.