Saturday, July 16, 2011

Moving to Sarajevo

In our series of short blogs on moving between different international locations, we highlight cost of living and other major differences likely to be experienced.
Today we look at moving to Sarajevo in Bosnia and Herzegovina from Nassau in Bahamas.
In Nassau people speak English. In Sarajevo people speak Bosnian, Croatian and Serbian.
Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas.

Sarajevo is the capital and largest city of Bosnia and Herzegovina.
Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government .
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.

The overall cost of living rank in Nassau is 63 out of 300 global locations, which equates it with high cost of living locations. An expatriate moving from Nassau to Sarajevo which has an overall cost of living rank of 266, which equates it with low cost of living locations, will experience a change in cost of living of -33.2%.
In terms of the hardship people are likely to experience, assessed in global terms, Sarajevo is ranked as an extreme hardship location with a hardship index of 40% compared to Nassau with a hardship index of 20% which is a some hardship location.

Source: as at July 2011.

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