Athens is the capital and largest city of Greece. Athens is one of the world's oldest cities, its recorded history spans around 3,400 years. Athens is central to economic, financial, industrial, political and cultural life in Greece and it is rated as an alpha- world city. It is rapidly becoming a leading business centre in the European Union. Greece is in Southern Europe, bordering the Aegean Sea, Ionian Sea, and the Mediterranean Sea, between Albania and Turkey. The climate is temperate with mild, wet winters and hot, dry summers. The official language is Greek. English is widely spoken, but business associates are impressed if foreigners know even the most basic Greek phrases. When travelling around, knowing the Greek alphabet help, many urban street signs also display the Latin alphabet equivalent. The main religion is Christianity. The Greek economy is a developed economy with the public sector accounting for about 40% of GDP. The service sector contributes 75.7% of the total GDP, industry 20.6% and agriculture 3.7%. Greece is the twenty-fourth most globalized country in the world and is classified as a high income economy. Greeks commonly take a siesta after lunch, especially in the summer. Offices may be closed for several hours at midday. Expatriate business dress is conservative and formal. The security risk for expatriates in Greece is low, but medium in the Albanian border region. Risks include low levels of street crime, risks associated with protest action (often related to the economy and austerity), organised crime near the Albanian border, and domestic terrorism whose targets include multinationals and foreign banks. The currency of Greece is the Euro (EUR). There have been restrictions on some banking services such as limits on cash withdrawals. Medical facilities are generally good on the mainland, but may be limited on the islands. There have been cases of West Nile Virus (WNV) reported. The population of Athens is 3.8 Million (Metro) (2019 est.), while the inflation rate (CPI) is 1% for Greece as at April 2019. Xpatulator Hypothetical Tax for Greece 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 Athens, 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): Athens as at 1 April 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Low 6) Groceries: Low 7) Healthcare: Very Low 8) Household Accommodation: Very Low 9) Miscellaneous: High 10) Personal Care: Very Low 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Average Athens is for example -2% cheaper than Houston TX for groceries, -13.5% cheaper for household costs than Kuala Lumpur, and 40.2% more expensive for transport costs than Dubai. The hardship premium for Athens for an expat from Perth, is for example 0%, i.e. host location (Athens) premium of 10% minus home (Perth) location premium of 10%. Athens is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Athens? Register subscribe to your home location and Athens and run your personalised reports.