Bamako is the capital and largest city of Mali. Bamako is the nation's administrative centre, river port in nearby Koulikoro, and a major regional trade and conference centre. 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 Bamako is 2.8 Million (2019 est.), while the inflation rate (CPI) is -0.9% for Mali as at July 2019. 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 Bamako, 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): Bamako as at 1 October 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Very Low 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Average 7) Healthcare: Low 8) Household Accommodation: Very Low 9) Miscellaneous: Average 10) Personal Care: Average 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Average Bamako is for example 16.7% more expensive than Houston TX for groceries, -45.3% cheaper for household costs than Kuala Lumpur, and 43.8% more expensive for transport costs than Dubai. The hardship premium for Bamako for an expat from Perth, is for example 30%, i.e. host location (Bamako) premium of 40% minus home (Perth) location premium of 10%. Bamako is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bamako? Register subscribe to your home location and Bamako and run your personalised reports.