Mali is in Western Africa, southwest of Algeria. The climate is subtropical to arid. The official language is French. English is rarely spoken, but younger businesspeople may take the opportunity to test their language skills. The main religions are Islam and indigenous beliefs. The Economy of Mali is based to a large extent on agriculture, with an overwhelmingly rural population, many of whom are engaged in subsistence agriculture. Mali is among the ten poorest nations of the world, is one of the 37 Heavily Indebted Poor Countries, and is a major recipient of foreign aid from many sources. In Mail business dress is usually a lightweight suit and tie (not in the hot season) for men, while women wear conservative clothes, including a scarf on their heads. The security risk for expatriates in Mali is high to extreme, except for the southern and eastern areas where the risk is medium. Risks include internal conflict, lawlessness and militant activity, particularly in the Mopti region where there is high risk of kidnappings and along the border with Mauritania. The currency of Mali is the CFA Franc BCEAO (XOF). Major banks and hotels accept credit cards. Medical facilities are very limited. Cholera, malaria and other tropical diseases are common. Meningitis has been reported. The population of Mali is 14.5 Million (2018 est.), while the inflation rate (CPI) is 1.4% for Mali as at October 2018. Xpatulator Hypothetical Tax for Mali is based on the current personal income tax rates which are progressive up to 40%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Mali, 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): Mali as at 1 January 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Average 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: High 7) Healthcare: Very Low 8) Household Accommodation: Very Low 9) Miscellaneous: Average 10) Personal Care: Average 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Mali is for example 1.2% more expensive than USA for groceries, -62.4% cheaper for household costs than UK, and 61.8% more expensive for transport costs than India. The hardship premium for Mali for an expat from Australia, is for example 30%, i.e. host location (Mali) premium of 40% minus home (Australia) location premium of 10%. Mali is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Mali? Register subscribe to your home location and Mali and run your personalised reports.