Tuesday, August 23, 2011

Moving to Vilnius

Today we look at moving to Vilnius in Lithuania from Seoul in Korea Republic of. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.
In Vilnius people speak Lithuanian, Russian. In Seoul people speak Korean.

Vilnius is the largest city and the capital of Lithuania. Seoul is the capital and largest city of South Korea. Vilnius is the major economic centre of Lithuania and one of the largest financial centres of the Baltic states. Even though it is home to only 15% of Lithuania's population, it generates approximately 25% of Lithuania's GDP. Seoul, is a major global city and a leading international financial centre in Asia. Although Seoul accounts for only 0.6 percent of South Korea's land area, it generates 21 percent of the country's entire GDP.

The overall cost of living rank in Vilnius is 153 out of 300 global locations, which equates it with middle cost of living locations.  An expatriate moving from Seoul to Vilnius will experience a change in cost of living of -25.3%.
In terms of the hardship people are likely to experience, assessed in global terms, Vilnius is ranked as a high degree of hardship location with a hardship index of 30% compared to Seoul with a hardship index of 30% which is a high degree of hardship location.

Source: http://www.xpatulator.com as at July 2011.