Country Full Name: Bosnia and Herzegovina.Country Location: Bosnia and Herzegovina are in South Eastern Europe, bordering the Adriatic Sea and Croatia.Country Climate: Hot summers and cold winters; areas of high elevation have short, cool summers and long, severe winters; mild, rainy winters along coast.Country Terrain: Mountains and valleys.Country Major Languages: Bosnian, Croatian and Serbian.Country Major Religions: Christianity, Islam.Location Population: 0.664 Mil (2012 est.).Country Economy: The economy of Bosnia and Herzegovina faces the dual problem of rebuilding a war-torn country and introducing market reforms to its formerly centrally-planned economy. Although agriculture is almost all in private hands, farms are generally small and inefficient, and the republic traditionally is a net importer of food. Industry is mostly overstaffed, a holdover from the socialist economic structure of Yugoslavia.Country Currency: Bosnian Mark (BAM).Country Inflation: 2.1% (2012 est.).Sarajevo is the capital and largest city of Bosnia and Herzegovina.The economy of Sarajevo has been subject to reconstruction and rehabilitation programs after years of war. Amongst other economic landmarks, the Central Bank of Bosnia and Herzegovina opened in Sarajevo in 1997 and the Sarajevo Stock Exchange began trading in 2002. The city's large manufacturing, administration, and tourism base, combined with a large informal market, makes it one of the strongest economic regions of Bosnia and Herzegovina.
The cost of living in Sarajevo is very low compared to other places. This is based on a comparison of locally collected prices for defined quantities of the same goods and services, converted to USD. Sources include local service providers in each location, international service providers, official governmental statistics and global agency data. The data is quality assured and manually checked by Xpatulator Analysts. The prices of similar related items have been grouped together into 13 basket groups and the cost of living index calculated for each basket in each location. The 13 basket groups are the result of extensive research of actual spending habits ensuring the cost of living indexes reflect a reality-based international expenditure pattern. The cost of living index for each basket for Sarajevo is only available using our online calculators.The current overall cost of living rank (using all 13 baskets) for Sarajevo is 709 out of 780 international locations covering every country in the world (rank 1 is most expensive: rank 780 is least expensive). The current cost of living rank for each basket is as follows: Alcohol & Tobacco costs are low compared to other places for items such as beer, spirits, wine and cigarettes. There are 506 places that are more expensive, and 273 places that are less expensive for alcohol and or tobacco.Clothing costs are high compared to other places for items such as business, casual and children's clothing and footwear. There are 289 places that are more expensive, and 490 places that are less expensive for clothing.Communication costs are very low compared to other places for various communication costs such as home telephone rental, internet subscription, mobile tariff and data costs. There are 656 places that are more expensive, and 123 places that are less expensive for communication.Education costs are low compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 499 places that are more expensive, and 280 places that are less expensive for education.Furniture & Appliance costs are average compared to other places for items such as dining table and chairs, home entertainment, kitchen appliances, and sofa. There are 441 places that are more expensive, and 338 places that are less expensive for furniture and appliances.Grocery costs are very low compared to other places for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. There are 738 places that are more expensive, and 41 places that are less expensive for groceries.Healthcare costs are very low compared to other places for doctor visit, hospital stay, non-prescription medicine, and medical insurance. There are 733 places that are more expensive, and 46 places that are less expensive for healthcare.Household Accommodation costs are average compared to other places for items such as apartment purchase, mortgage rate, rental, and utilities. There are 462 places that are more expensive, and 317 places that are less expensive for household accommodation.Miscellaneous costs are average compared to other places for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. There are 456 places that are more expensive, and 323 places that are less expensive for miscellaneous items.Personal Care costs are very low compared to other places for items such as cosmetics, hair care, and toiletries. There are 742 places that are more expensive, and 37 places that are less expensive for personal care.Recreation and Culture costs are low compared to other places for items such as books, cinema, sport and theatre tickets. There are 622 places that are more expensive, and 157 places that are less expensive for recreation and culture.Restaurants, Meals Out and Hotel costs are low compared to other places for items such as hotel daily room rates, meals and beverages in restaurants, and take away food and beverages. There are 491 places that are more expensive, and 288 places that are less expensive for restaurants, meals out and hotels.Transport costs are low compared to other places for items such as fuel (petrol/gasoline), public transport, vehicle purchase and maintenance. There are 603 places that are more expensive, and 176 places that are less expensive for transport. Hardship Hardship in the context of an expatriate and their family refers to the degree of hardship they are likely to experience and the relative impact on their lifestyle in a host location. The degree of hardship correlates to the degree of difference between the home and host location. Hardship pay is compensation for the hardship likely to be endured during an international assignment in order to encourage people to move, in particular to less desirable locations. Hardship factors include-:Economic Factors: Such as poverty levels and level of service provisionPolitical Factors: Such as freedom/tolerance towards different points of view / lifestyleReligious Factors: Such as freedom/tolerance towards different religionsPublic Service Factors: Such as provision of water, electricity, sanitation, work permits etcEnvironment/Climate Factors: Such as extreme weatherPersonal Safety Factors: Such as personal safety / level of crimeHealth Factors: Such as prevalence of disease and health standardsEducation Factors: Such as education standards, prevalence of international schoolsTransportation Factors: Such as prevalence of public transport, fuel and road safety.The ratings for hardship are classified into four main groups and can be described as follows:1) Minimal Hardship (10% Hardship Premium)2) Some Hardship (20% Hardship Premium)3) High degree of Hardship (30% Hardship Premium)4) Extreme Hardship (40% Hardship Premium). Sarajevo is ranked as extreme hardship with a typical hardship premium of 40%.ReferenceThe above information is updated quarterly using data collected over the previous 12 months. The international cost of living & hardship indexes are only available using our online expatriate calculators to enable users to create personalized cost of living comparison reports:Salary Purchasing Power Parity CalculatorCost of Living Index CalculatorCost of Living Allowance CalculatorPublished by Xpatulator.com on 1 April 2013.To link to this article: http://www.xpatulator.com/cost-of-living-review/Bosnia-and-Herzegovina-Sarajevo_28.cfm