Bolivia is in Central South America, southwest of Brazil. The climate varies with altitude from humid and tropical to cold and semi arid. The official language is Spanish. Bolivian Spanish – which is generally spoken slowly and clearly – is considered one of the easiest Latin American accents to understand. The indigenous Quechua and Aymara languages are widely spoken outside business circles. The main religion is Christianity. The economy of Bolivia is characterised by the lowest GDP per capita in South America. However, the country is rich in natural resources and has the second largest natural gas reserves in South America. Bolivia is also estimated to have 50%-70% of the worlds lithium. Bolivians are generally tolerant of expatriates, however xenophobic and openly racist sentiments are not uncommon. Formal expatriate business dress is the norm. Expatriate businesswomen are likely to be treated with consideration, however harassment of a sexual nature is not uncommon. The security risk for expatriates in Bolivia is medium. Risks include opportunistic theft, car theft, burglaries, clashes between demonstrators and security forces, as well as violent crime primarily in impoverished urban areas. Other risks include floods and landslides during the rainy season. The currency of Bolivia is the Bolivian Boliviano (BOB). Banking facilities, including ATM's are good in all main cities. Medical facilities in major cities are generally good and acceptable, however elsewhere facilities may not meet acceptable standards. Cases of Zika virus have been reported. Dengue Fever and Malaria is common. The population of Bolivia is 11.2 Million (2019 est.), while the inflation rate (CPI) is 2.25% for Bolivia as at August 2019. Xpatulator Hypothetical Tax for Bolivia is based on the current personal income tax rate which is a flat rate of 13%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Bolivia is as follows: Bolivia as at 1 October 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$730 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$650 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$286 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$20700 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1575 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$480 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$530 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$1600 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$230 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$240 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$285 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$410 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$480 Bolivia is -35.9% cheaper than USA for groceries, -40.2% cheaper for household costs than UK, and 20.5% more expensive for transport costs than India. The hardship premium for Bolivia for an expat from Australia, is for example 30%, i.e. host location (Bolivia) premium of 40% minus home (Australia) location premium of 10%. Bolivia is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bolivia? Register subscribe to your home location and Bolivia and run your personalised reports.