Tuesday, April 20, 2010

Australia, Canberra Cost of Living April 2010

Country Full Name: Commonwealth of Australia.

Location: Australia is in Oceania, a continent between the Indian Ocean and the South Pacific Ocean.

Country Climate: Generally arid to semiarid; temperate in south and east; tropical in north.

Country Terrain: Mostly low plateau with deserts; fertile plain in southeast.

Major Languages: English.

Major Religions: Christianity.

Country Population: 21.6 million (2008 est.) 21.9 million (2009 est.).

Country Economy: The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation's exports.

Currency: Australian Dollar (AUD).

Country Inflation: 4.4% (2008 est.) 1.6% (2009 est.).

City: Canberra is the capital city of Australia and is Australia's largest inland city and the eighth largest Australian city overall.

City Economy: Canberra's main industry is government administration and defence employing over 40% of Canberra's workforce. The unemployment rate in Canberra is well below the national unemployment rate, with labour shortages reported in some sectors. As a result of low unemployment and substantial levels of public sector and commercial employment, Canberra has the highest average disposable income of any Australian capital city.

Cost of Living:

Canberra 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. Canberra is currently ranked 38 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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