Funafuti is an atoll that forms the capital of the island nation of Tuvalu. Funafuti has an airstrip, hotel (Vaiaku Langi Hotel), and administrative buildings, as well as homes, constructed both in the traditional manner, out of palm fronds, and more recently out of cement blocks. Tuvalu is an island group consisting of nine coral atolls in the South Pacific Ocean, about one-half of the way from Hawaii to Australia. Tropical; moderated by easterly trade winds (March to November); westerly gales and heavy rain (November to March). Low-lying and narrow coral atolls. The official languages are English and Tuvaluan. The main religion is Christianity. The economy of Tuvalu suffers from its remoteness and lack of economies of scale. Virtually the only jobs in the islands that pay a steady wage or salary are with the government. Subsistence farming and fishing remain the primary economic activities, particularly off the capital island of Funafuti. There is no apparent large income disparity among the residents. The population in Funafuti is 0.005 Mil (2014 est.), while the inflation rate is 3.8% (2014 est.).
Cost Of Living
The cost of living for expatriates in Funafuti as at 1 July 2014 is high in comparison to other places in the world. In Funafuti, 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: Average 3) Communication: Very High 4) Education: Low 5) Furniture & Appliances: High 6) Groceries: Very High 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: Average 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Low Funafuti is for example 41.7% more expensive than Montevideo for groceries, 33.7% more expensive for household costs than Durban, and -7.6% cheaper for transport costs than Athens. Funafuti 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 Funafuti for an expat from Zurich is for example 20%, i.e. host location (Funafuti) 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 Funafuti? Register subscribe to your home location and Funafuti and run your personalised reports.