Geneva is the capital of the Republic and Canton of Geneva. Geneva's economy is mainly services oriented. The city has an important and old finance sector, which is specialized in private banking (managing assets of about 1 trillion USD) and financing of international trade. Switzerland is in Central Europe, east of France, north of Italy. Temperate, but varies with altitude; cold, cloudy, rainy/snowy winters; cool to warm, cloudy, humid summers with occasional showers. Mostly mountains (Alps in south, Jura in northwest) with a central plateau of rolling hills, plains, and large lakes. The official languages are French, German and Italian. Romantsch, a language with both German and Latin roots, is commonly spoken in the south-eastern Graubunden / Grisons region. English is widely spoken, though Swiss people will be pleased if visitors are able to exchange a few words in a local language. The main religion is Christianity. The economy of Switzerland is one of the world's most stable economies. Its policy of long-term monetary security and bank secrecy has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. The Swiss tend to be formal both in business and social settings. Expatriate business dress is primarily a formal suit. The security risk for expatriates in Switzerland is low. Risks include low levels of petty crime and the underlying threat of terrorism. Other risks include the severe winter weather. The population in Geneva is 0.197 Mil (2015 est.), while the inflation rate is -1.4% (2015 est.).
Cost Of Living
The cost of living for expatriates in In Geneva, 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): Geneva as at 1 January 2016 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Very High 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Geneva is for example 91.3% more expensive than Zanzibar for groceries, 118.4% more expensive for household costs than Thailand, and 122% more expensive for transport costs than Bangkok. The hardship premium for Geneva for an expat from Ankara, is for example -20%, i.e. host location (Geneva) premium of 10% minus home (Ankara) location premium of 30%. Geneva is ranked as a minimal hardship location. Want to know more about cost of living, hardship or expat pay in Geneva? Register subscribe to your home location and Geneva and run your personalised reports.