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. Bosnia and Herzegovina are in South Eastern Europe, bordering the Adriatic Sea and Croatia. The climate is hot in summer and cold in winter. Areas of higher altitude have short, cool summers and long, severe winters, while lower down along the coast, the winters are mild and rainy. The official language is Serbo-Croat but been replaced by Bosnian, Croatian and Serbian. The most commonly spoken west-European languages are English and German. Before the break-up of the former Yugoslavia, Bosnian Muslims (Bosniaks), Bosnian Croats and Bosnian Serbs were considered to speak variants of the same language, Serbo-Croat. Following the 1992-95 war, the ethnic communities have tended to emphasise their own national language by stressing slight linguistic differences. Croats and Bosnians use the Latin alphabet, while Serbs use the Cyrillic and Latin alphabets. Embassies can recommend reputable Serbo-Croat translators. The main religions are Christianity and Islam. 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. Bosnia and Herzegovina is characterised by its ethnic and religious diversity. Expatriates should be sensitive to all the various customs and traditions. Business meetings are often relatively informal. Expatriate business dress is generally formal and conservative, particularly for women in Muslim areas of the country. The security risk for expatriates in Bosnia and Herzegovina is low. Risks include sporadic incidents of ethnically-motivated violence, petty and opportunistic crimes, especially in the capital Sarajevo. The currency of Bosnia and Herzegovina is the Bosnian Mark (BAM). Most transactions are in cash. ATMs are generally available in the larger cities. Medical facilities, particularly outside Sarajevo and major towns are limited. The population of Sarajevo is 555,200 (Metro) (2018 est.), while the inflation rate (CPI) is 1.1% for Bosnia and Herzegovina as at March 2018. For a single Expat, the personal income tax rate in Bosnia and Herzegovina is a flat rate of 10%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Sarajevo, 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): Sarajevo as at 1 April 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Average 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: Low 10) Personal Care: High 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low Sarajevo is for example -21.5% cheaper than Houston TX for groceries, -2% cheaper for household costs than Kuala Lumpur, and -8.7% cheaper for transport costs than Dubai. The hardship premium for Sarajevo for an expat from Perth, is for example 20%, i.e. host location (Sarajevo) premium of 30% minus home (Perth) location premium of 10%. Sarajevo is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Sarajevo? Register subscribe to your home location and Sarajevo and run your personalised reports.