Sydney is the largest city in Australia, and the state capital of New South Wales. The largest economic sectors in Sydney, as measured by the number of people employed, include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country's total GDP. Australia is in Oceania, a continent between the Indian Ocean and the South Pacific Ocean. The climate is generally arid to semi arid but temperate in the south and the east and tropical in the north. The official language is English. The main religion is Christianity. The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation's exports. Australians typically talk directly rather than around issues, generally do not like class orientated structure, preferring informality and modesty such as first names even in a business setting (although dress tends to be formal), respect the opinions of others, and enjoy a good debate. Australians typically take turns in paying for beverages, and often use humour to establish rapport. The security risk for expatriates in Australia is low. Risks include low levels of petty crime in busy tourist areas. The currency of Australia is the Australian Dollar (AUD). Banking is on a par with that of Western Europe and North America. The standard of healthcare in Australia is very good however costs of treatment for expatriates can be high. The population of Sydney is 5.1 Million (2019 est.), while the inflation rate (CPI) is 1.3% for Australia as at March 2019. Xpatulator Hypothetical Tax for Australia is based on the current personal income tax rates which are progressive up to 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Sydney, 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): Sydney as at 1 July 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: High 7) Healthcare: Average 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 Sydney is for example 21.2% more expensive than Houston TX for groceries, 67.7% more expensive for household costs than Kuala Lumpur, and 87.1% more expensive for transport costs than Dubai. The hardship premium for Sydney for an expat from London, is for example 0%, i.e. host location (Sydney) premium of 10% minus home (London) location premium of 10%. Sydney is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Sydney? Register subscribe to your home location and Sydney and run your personalised reports.