Saturday, April 10, 2010

Angola, Luanda Cost of Living April 2010

Country Full Name: The Republic of Angola.

Location: Angola is in Southern Africa, bordering the South Atlantic Ocean, between Namibia and Democratic Republic of the Congo.

Country Climate: Semiarid in south and along coast to Luanda; north has cool, dry season (May to October) and hot, rainy season (November to April).

Country Terrain: Narrow coastal plain rises abruptly to vast interior plateau.

Major Languages: Portuguese (official), Umbundu, Kimbundu, Kikongo.

Major Religions: Christianity.

Country Population: 16.8 million (2008 est.) 17.3 million (2009 est.).

Country Economy: The economy of Angola is one of the fastest-growing economies in the world, but is still recovering from the Angolan Civil War that plagued Angola from independence in 1975 until 2002. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture.

Currency: Angolan Kwanza (AOA).

Country Inflation: 12.5% (2008 est.) 14.0% (2009 est.).

City: Luanda is the capital and largest city of Angola. Located on Angola's coast with the Atlantic Ocean, Luanda is both Angola's chief seaport and administrative center. It is also the capital city of Luanda Province. The city is currently undergoing a major reconstruction, with many large developments taking place that will alter the cityscape significantly.

City Economy: Around one-third of Angolans live in Luanda, 57% of whom live in poverty. Living conditions in Luanda are extremely poor, with essential services such as safe drinking water still in short supply.

Cost of Living

Luanda has an overall cost of living index which equates it with high 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. Luanda is currently ranked 42 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more info on the Cost of living baskets go to Angola, Luanda Cost of Living