Yangon is also known as Rangoon and is a former capital of Burma and the capital of Yangon Division. Yangon is the country's main centre for trade, industry, real estate, media, entertainment and tourism. The city is Lower Myanmar’s main trading hub for all kinds of merchandise – from basic food stuffs to used cars although commerce continues to be hampered by the city's severely underdeveloped banking industry and communication infrastructure. Myanmar (Burma) is in South Eastern Asia, bordering the Andaman Sea and the Bay of Bengal, between Bangladesh and Thailand. Tropical monsoon; cloudy, rainy, hot, humid summers (southwest monsoon, June to September); less cloudy, scant rainfall, mild temperatures, lower humidity during winter (northeast monsoon, December to April). Central lowlands ringed by steep, rugged highlands. The official language is Myanmar (Burmese). English is widely spoken. The main religions are Buddhism, Christianity, Islam. Burma is one of the poorest nations in the world, suffering from decades of stagnation, mismanagement, and isolation. The security risk for expatriates in Myanmar is medium to high. Risks vary geographically, but include armed ethnic separatist groups in certain areas, small-scale bombings, low levels of general crime, and poor internal travel conditions. The population in Yangon is 4.3 Mil (2014 est.), while the inflation rate is 5.96% (2014 est.).
Cost Of Living
The cost of living for expatriates in Yangon as at 1 July 2015 is average in comparison to other places in the world. In Yangon, 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: High 3) Communication: Low 4) Education: Very Low 5) Furniture & Appliances: Very Low 6) Groceries: High 7) Healthcare: Very High 8) Household Accommodation: High 9) Miscellaneous: Low 10) Personal Care: Very High 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Average Yangon is for example 6.9% more expensive than Montevideo for groceries, 11.2% more expensive for household costs than Durban, and 4% more expensive for transport costs than Athens. Yangon 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 Yangon for an expat from Zurich is for example 20%, i.e. host location (Yangon) 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 Yangon? Register subscribe to your home location and Yangon and run your personalised reports.