Kathmandu is the capital and the largest metropolitan city of Nepal. Kathmandu is the most important industrial and commercial centre of Nepal and the headquarters of most companies, banks and organizations in the country are located here. Nepal is in Southern Asia, between China and India. Varies from cool summers and severe winters in north to subtropical summers and mild winters in south. Tarai or flat river plain of the Ganges in south, central hill region, rugged Himalayas in north. The official language is Nepali. English is generally understood in Kathmandu. The business community has English-speaking senior executives and a growing number of Nepali businessmen are capable of conversing in French, Spanish, German, Japanese, Mandarin and Cantonese. Professional interpreters are also available. The main religions are Hinduism, Buddhism. The economy of Nepal is reliant on external assistance. A long-standing economic agreement underpins a close relationship with India. The country receives foreign aid from India, Japan, the United Kingdom, the United States, the European Union, China, Switzerland, and Scandinavian countries. Poverty is acute; per-capita income is less than US$470. Agriculture accounts for about 40% of Nepal's GDP, services comprise 41% and industry 22%. Agriculture employs 76% of the workforce. The rate of unemployment and underemployment approaches half of the working-age population. Thus many Nepali citizens move to India in search of work; the Gulf countries and Malaysia being new sources of work. The population in Kathmandu is 0.989 Mil (2014 est.), while the inflation rate is 9.47% (2014 est.).
Cost Of Living
The cost of living for expatriates in Kathmandu as at 1 October 2014 is very low in comparison to other places in the world. In Kathmandu, 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: Low 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: Very Low 10) Personal Care: Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Kathmandu is for example -18% cheaper than Montevideo for groceries, -19% cheaper for household costs than Durban, and -17.5% cheaper for transport costs than Athens. Kathmandu 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 Kathmandu for an expat from Zurich is for example 30%, i.e. host location (Kathmandu) 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 Kathmandu? Register subscribe to your home location and Kathmandu and run your personalised reports.