Martinique is an island between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago. The climate is subtropical with moderately high humidity, tempered by trade winds, and is vulnerable to devastating cyclones (hurricanes). The official language is French. Creole is also spoken while English is spoken at major hotels, restaurants and tourist organisations. The main religion is Christianity. The economy is based on trade. Agriculture accounts for about 6% of GDP and the small industrial sector for 11%. Tourism has become more important than agricultural exports as a source of foreign exchange. The majority of the work force is employed in the service sector and in administration. Martiniquais are very formal. Business culture is French influenced. Business is mostly conducted in French. Expatriate business dress is formal and lightweight suits are recommended. The security risk for expatriates in Martinique is low. Risks include low levels of petty and opportunistic, street crime, with rare incidents of violent crime. Other risks include driving on challenging roads, as well as hurricanes and tropical storms. The currency of Martinique is the Euro (EUR). Medical facilities are generally very good. Most specialist treatment is available. Cases of Zika virus and Chikungunya virus have been reported. Dengue fever is common. The population of Martinique is 385,600 (2018 est.), while the inflation rate (CPI) is 1.2% for Martinique as at March 2017. For a single Expat, tax for Martinique is progressive up to 45%. Note: For income tax purposes, France covers mainland France, the coastal islands and Corsica; and overseas départements (Guadeloupe, French Guiana, Martinique, Réunion and Mayotte).
Cost Of Living
The cost of living for expatriates / professional migrants in In Martinique, 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): Martinique as at 1 April 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: High 3) Communication: High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Average 13) Transport: Average Martinique is for example 26.9% more expensive than USA for groceries, 20% more expensive for household costs than UK, and 96.7% more expensive for transport costs than India. The hardship premium for Martinique for an expat from Australia, is for example 10%, i.e. host location (Martinique) premium of 20% minus home (Australia) location premium of 10%. Martinique is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Martinique? Register subscribe to your home location and Martinique and run your personalised reports.