Friday, April 23, 2010

Bahamas, Nassau Cost of Living April 2010

Country Full Name: Commonwealth of the Bahamas.

Location: The Bahamas are a chain of Caribbean islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba.

Country Climate: Tropical marine; moderated by warm waters of Gulf Stream.

Country Terrain: Long, flat coral formations with some low rounded hills.

Major Languages: English.

Major Religions: Christianity.

Country Population: 0.338 million (2008 est.) 0.341 million (2009 est.).

Country Economy: The economy of The Bahamas is that of a stable, developing nation heavily dependent on tourism and offshore banking.

Currency: Bahamian Dollar (BSD).

Country Inflation: 4.5% (2008 est.) 1.8% (2009 est.).

City: Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas.

City Economy: Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government .

Cost of Living: Nassau 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. Nassau is currently ranked 65 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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