Valletta is the capital city of Malta. The Valletta peninsula has two natural harbours, Marsamxett and the Grand Harbour. The Grand Harbour is Malta's major port. Malta is in the Mediterranean Sea, south of Sicily (Italy). Mediterranean; mild, rainy winters; hot, dry summers. Mostly low, rocky, flat to dissected plains; many coastal cliffs. The official languages are Maltese and English. Italian is also widely spoken. The main religion is Christianity. The economy of Malta's strengths are its limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics), tourism and financial services. The population in Valletta is 0.006 Mil (2014 est.), while the inflation rate is 0.7% (2014 est.).
Cost Of Living
The cost of living for expatriates in Valletta as at 1 October 2014 is high in comparison to other places in the world. In Valletta, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: High 2) Clothing: Average 3) Communication: High 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Average 7) Healthcare: High 8) Household Accommodation: Low 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 Valletta is for example 6.2% more expensive than Montevideo for groceries, -12.7% cheaper for household costs than Durban, and 41.4% more expensive for transport costs than Athens. Valletta is ranked as a some 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 Valletta for an expat from Zurich is for example 10%, i.e. host location (Valletta) premium of 20% 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 Valletta? Register subscribe to your home location and Valletta and run your personalised reports.