Thursday, April 22, 2010

Austria, Vienna Cost of Living April 2010

Country Full Name: Republic of Austria.

Location: Austria is in Central Europe, north of Italy and Slovenia.

Country Climate: Temperate; continental, cloudy; cold winters with frequent rain and some snow in lowlands and snow in mountains; moderate summers with occasional showers.

Country Terrain: In the west and south mostly mountains (Alps); along the eastern and northern margins mostly flat or gently sloping.

Major Languages: German.

Major Religions: Christianity.

Country Population: 8.3 million (2008 est.) 8.3 million (2009 est.).

Country Economy: The economy of Austria is one of the 12 richest countries in the world in terms of GDP, has a well-developed social market economy, and a high standard of living. Until the 1980s, many of Austria's largest industry firms were nationalised; in recent years, however, privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly-developed industry, international tourism is the most important part of the national economy.

Currency: Euro (EUR).

Country Inflation: 3.2% (2008 est.) 0.5% (2009 est.).

City: Vienna is the capital of the Republic of Austria and also one of the nine states of Austria. Vienna is Austria's primary city, and is by far the largest city in Austria, as well as its cultural, economic, and political centre.

City Economy: Vienna, is home to key international organisations, including the Organisation for Security and Cooperation in Europe (OSCE), the International Atomic Energy Agency (IAEA) and Opec, the Organisation of Petroleum Exporting Countries.

Cost of Living: Vienna 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. Vienna is currently ranked 31 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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