Manila is the capital of the Philippines. Manila is one of the world's largest and most densely populated cities in the world. Manila's economy is diverse and multifaceted and serves as the nation's chief seaport. Philippines is an archipelago in South Eastern Asia, between the Philippine Sea and the South China Sea, east of Vietnam. The climate is tropical marine monsoon. The official languages are Filipino and English. The local language is Tagalog, and there are also several regional dialects. Many Filipinos particularly in business circles are at least partly educated in and speak excellent, though heavily accented, English. The main religion is Christianity. The economy of the Philippines is a mixed economic system, and one of the newly industrialized emerging market economies of the world. Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts. Expatriate business dress is generally formal in the form of suits – a trouser suit is acceptable for women. The security risk for expatriates in the Philippines is medium overall, but high in areas of insurgency, such as Mindanao and the Sulu Archipelago. Risks include general crime, insurgent and associated criminal activity, kidnapping and banditry. Other risks include earthquakes, volcanic activity, typhoons, tropical storms, and flooding. The currency of Philippines is the Philippine Peso (PHP). Some ATMs accept international cards. Shops and restaurants in towns and cities usually accept major credit cards. Medical facilities vary but is generally below international standards and is limited in remote rural areas. Treatment can be very expensive. Zika virus has been reported. The population of Manila is 22.7 Million (Urban) (2018 est.), while the inflation rate (CPI) is 4.5% for Philippines as at April 2018. For a single Expat, the personal income tax rate in the Philippines is progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Manila, 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): Manila as at 1 April 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Average Manila is for example 7.4% more expensive than Houston TX for groceries, 56.7% more expensive for household costs than Kuala Lumpur, and 10.9% more expensive for transport costs than Dubai. The hardship premium for Manila for an expat from Perth, is for example 30%, i.e. host location (Manila) premium of 40% minus home (Perth) location premium of 10%. Manila is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Manila? Register subscribe to your home location and Manila and run your personalised reports.