Today we look at moving to Macao in China from Toronto in Canada. 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 Macao people speak Chinese (mainly Cantonese) and Portuguese (both official). In Toronto people speak English and French (both official).
The Macao Special Administrative Region is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong. Toronto is the most populous city in Canada and the provincial capital of Ontario.
Macao's economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue. Toronto is a major international centre for business and finance. Generally considered the financial capital of Canada, Toronto has a high concentration of banks and brokerage firms. The Toronto Stock Exchange is one of the world's largest. All of the Big Five banks of Canada are headquartered in Toronto, as are a majority of Canada's corporations.
The overall cost of living rank in Macao is 277 out of 300 global locations, which equates it with low cost of living locations. An expatriate moving from Toronto to Macao will experience a change in cost of living of -39%.
In terms of the hardship people are likely to experience, assessed in global terms, Macao is ranked as a some hardship location with a hardship index of 20% compared to Toronto with a hardship index of 10% which is a minimal hardship location.
Source: http://www.xpatulator.com as at July 2011.
Embark on a journey with Xpatulator, your guide to mastering global living standards. Explore the intricacies of relocating with our insights on cost of living, quality of life, and the unique challenges faced when moving across borders. Our calculators offer essential data for over 780 destinations worldwide, helping you navigate cost-of-living comparisons, purchasing power parity, and tailor international packages. Perfect for those seeking to balance lifestyle and expenses in new locations.
Showing posts with label Macao cost of living. Show all posts
Showing posts with label Macao cost of living. Show all posts
Wednesday, July 27, 2011
Monday, May 10, 2010
China, Macao Cost of Living April 2010
Country Full Name: People's Republic of China. Macau Status: Semi-autonomous, special administrative region of China.
Location: China is in Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam.
Country Climate: Extremely diverse; tropical in south to subarctic in north.
Country Terrain: Mostly mountains, high plateaus, deserts in west; plains, deltas, and hills in east.
Major Languages: Chinese (mainly Cantonese), Portuguese (both official).
Major Religions: Buddhism, Christianity.
Country Population: 1327.7 million (2008 est.) 1334.3 million (2009 est.).
Country Economy: The economy of Macao is characterised by the policy of one country, two systems, by which the Central People's Government is responsible for Macao's defense and foreign affairs, while Macao maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events. The territory has thriving industries such as textiles, electronics and toys, and a notable tourist industry. This makes it one of the richest cities in the world.
Currency: Macau Pataca (MOP).
Country Inflation: 5.9% (2008 est.) -0.05% (2009 est.).
City: The Macao Special Administrative Region is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong.
City Economy: Macao's economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue.
Cost of Living: Macao has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Macao is currently ranked 257 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on China, Macao
Location: China is in Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam.
Country Climate: Extremely diverse; tropical in south to subarctic in north.
Country Terrain: Mostly mountains, high plateaus, deserts in west; plains, deltas, and hills in east.
Major Languages: Chinese (mainly Cantonese), Portuguese (both official).
Major Religions: Buddhism, Christianity.
Country Population: 1327.7 million (2008 est.) 1334.3 million (2009 est.).
Country Economy: The economy of Macao is characterised by the policy of one country, two systems, by which the Central People's Government is responsible for Macao's defense and foreign affairs, while Macao maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events. The territory has thriving industries such as textiles, electronics and toys, and a notable tourist industry. This makes it one of the richest cities in the world.
Currency: Macau Pataca (MOP).
Country Inflation: 5.9% (2008 est.) -0.05% (2009 est.).
City: The Macao Special Administrative Region is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong.
City Economy: Macao's economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue.
Cost of Living: Macao has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Macao is currently ranked 257 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on China, Macao
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