Saturday, April 24, 2010

Bangladesh, Dhaka Cost of Living April 2010

Country Full Name: People's Republic of Bangladesh.

Location: Bangladesh is in Southern Asia, bordering the Bay of Bengal, between Burma and India.

Country Climate: Tropical; mild winter (October to March); hot, humid summer (March to June); humid, warm rainy monsoon (June to October).

Country Terrain: Mostly flat alluvial plain; hilly in southeast.

Major Languages: Bengali.

Major Religions: Islam, Hinduism.

Country Population: 161.7 million (2008 est.) 164.7 million (2009 est.).

Country Economy: The economy of Bangladesh remains a developing nation despite continuous domestic and international efforts to improve its economic and demographic prospects. Its per capita income in 2008 was US$520 compared to the world average of $10,200. Bangladesh grows very significant quantities of rice (chal), tea (Cha) and mustard. Although two-thirds of Bangladeshis are farmers, more than three quarters of Bangladesh?s export earnings come from the garment industry. A large part of foreign currency earnings also comes from the remittances sent by expatriates living in other countries.

Currency: Bangladeshi Taka (BDT).

Country Inflation: 7.7% (2008 est.) 5.3% (2009 est.).

City: Dhaka is the capital of Bangladesh and the principal city of Dhaka District.

City Economy: Dhaka is the commercial heart of Bangladesh. The city has a growing middle class population, driving the market for modern consumer and luxury goods. The city has historically attracted a large number of migrant workers.

Cost of Living: Dhaka 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. Dhaka is currently ranked 253 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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