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. The climate is tropical monsoon with cloudy, rainy, hot and humid summers, and less cloudy, drier and mild winters. The official language is Myanmar (Burmese). English is widely spoken. The main religions are Buddhism, Christianity and Islam. Burma is one of the poorest nations in the world, suffering from decades of stagnation, mismanagement, and isolation. In Myanmar people are polite and hospitable. People do not have family names. Expatriate business dress is typically a lightweight suit and tie for men, and generally conservative clothing for women. 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 currency of Myanmar is the Myanmar Kyat (MMK). Medical facilities are limited. Serious or complex medical treatment may require evacuation which can be expensive. The population of Yangon is 6 Million (2016 est.), while the inflation rate is 15.19% (2016 est.).
Cost Of Living
The cost of living for expatriates in In Yangon, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Yangon as at 1 April 2016 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: High 3) Communication: Very High 4) Education: Low 5) Furniture & Appliances: Very Low 6) Groceries: High 7) Healthcare: Low 8) Household Accommodation: High 9) Miscellaneous: Very High 10) Personal Care: Very Low 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: High Yangon is for example 0.3% more expensive than Rotterdam for groceries, 10.8% more expensive for household costs than New Caledonia, and 11.6% more expensive for transport costs than Noumea. The hardship premium for Yangon for an expat from Lagos, is for example 0%, i.e. host location (Yangon) premium of 30% minus home (Lagos) location premium of 30%. Yangon is ranked as a high degree of hardship location. 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.