Fez is the capital of the Fes-Boulemane region. Fez has a bustling commercial centre. The University of Al-Karaouine, founded in AD 859, is the oldest continuously functioning university in the world. Morocco is in Northern Africa, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara. Mediterranean, becoming more extreme in the interior. Northern coast and interior are mountainous with large areas of bordering plateaus, intermountain valleys, and rich coastal plains. The official language is Arabic. French predominates in business and tourism, as well as in political and academic circles. Spanish is more common than French in north-western areas around Tangiers, Tetouan and Chefchaouen. Many businesspeople and government officials in Rabat and Casablanca have some knowledge of English. The main religion is Islam. The economy of Morocco is considered a relatively liberal economy. The services sector accounts for just over half of GDP and industry, made up of mining, construction and manufacturing, is an additional quarter. The sectors who recorded the highest growth are the tourism, telecoms and textile sectors. Morocco , however, still depends on agriculture which accounts for only around 14% of GDP but employs 40-45% of the Moroccan population. The population in Fez is 0.944 Mil (2014 est.), while the inflation rate is -0.1% (2014 est.).
Cost Of Living
The cost of living for expatriates in Fez as at 1 July 2014 is low in comparison to other places in the world. In Fez, 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: Low 3) Communication: Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Average 7) Healthcare: Very Low 8) Household Accommodation: High 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Average 13) Transport: Very Low Fez is for example -0.5% cheaper than Montevideo for groceries, 26% more expensive for household costs than Durban, and -50.3% cheaper for transport costs than Athens. Fez 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 Fez for an expat from Zurich is for example 20%, i.e. host location (Fez) 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 Fez? Register subscribe to your home location and Fez and run your personalised reports.