The cost of living is estimated to be affordable (estimated CPI: 45.0). Rent is very low (Rent Index: 7.11), while groceries (Groceries Index: 70.50) and restaurants (Restaurant Price Index: 58.52) are moderately priced, though inflation has been high recently.

The housing market is very expensive, with a property price to income ratio of 17.07 years. In contrast, rental costs are relatively low.

Average income is low, with a GDP per capita of approximately $4,222.3. High poverty rates and limited job opportunities persist, despite government efforts to increase purchasing power.

The tax system includes a progressive personal income tax with rates from 0% to 25%. The standard corporate tax rate is 25%, though incentives can reduce it for priority sectors. A Value-Added Tax (VAT) of 15% was implemented in June 2023. Social security contributions are 5% for employees and 7% for employers.

The business environment faces challenges including inadequate infrastructure and a slow justice system, reflected in a historical ease of doing business ranking of 170. However, recent reforms aim to improve the investment climate, including simplified business registration and an arbitration center for disputes.

Public healthcare is free for citizens but offers limited services, with ongoing initiatives to achieve universal health coverage by 2032. The social protection system is nascent and has limited coverage, though it is being strengthened with international support to address poverty and vulnerability.

Information on an explicit, statutory deposit guarantee scheme with a specific coverage limit is not readily available. The Central Bank supervises the financial system, and efforts are underway to improve banking regulation and governance. However, a commercial bank declared bankruptcy in January 2022, and non-performing loans were around 10% in March 2025.