Tuesday, April 13, 2010

Argentina, Buenos Aires Cost of Living April 2010

Country Full Name: Argentine Republic.

Location: Argentina is in Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay.

Country Climate: Mostly temperate; arid in southeast; subantarctic in southwest.

Country Terrain: Rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border.

Major Languages: Spanish.

Major Religions: Christianity.

Country Population: 39.7 million (2008 est.) 40.1 million (2009 est.).

Country Economy: The economy of Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argentina's economic performance has been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century. Early in the twentieth century it was one of the richest countries in the world, though it is now an upper-middle income country.

Currency: Argentine Peso (ARS).

Country Inflation: 8.6% (2008 est.) 5.6% (2009 est.).

City: Buenos Aires is the capital, and largest city, of Argentina, currently the second-largest metropolitan area in South America, after São Paulo.

City Economy: Buenos Aires is the financial, industrial, commercial, and cultural hub of Argentina. Its port is one of the busiest in South America; navigable rivers by way of the Rio de la Plata connect the port to north-east Argentina, Brazil, Uruguay and Paraguay. As a result it serves as the distribution hub for a vast area of the south-eastern region of the continent. Tax collection related to the port has caused many political problems in the past.

Cost of Living

Buenos Aires 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. Buenos Aires is currently ranked 279 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more information on cost of living : Argentina, Buenos Aires Cost of Living