Monday, April 26, 2010

Benin, Cotonou Cost of Living April 2010

Country Full Name: The Republic of Benin.

Location: Benin is in Western Africa, bordering the Bight of Benin, between Nigeria and Togo.

Country Climate: Tropical; hot, humid in south; semiarid in north.

Country Terrain: Mostly flat to undulating plain; some hills and low mountains.

Major Languages: French (official) Fon, Ge, Bariba, Yoruba, Dendi.

Major Religions: Indigenous beliefs, Christianity, Islam.

Country Population: 8.1 million (2008 est.) 8.4 million (2009 est.).

Country Economy: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Cotton accounts for 40% of GDP and roughly 80% of official export receipts.

Currency: CFA Franc (XOF).

Country Inflation: 8.0% (2008 est.) 4.0% (2009 est.).

City: Cotonou is the economic capital of Benin, as well as its largest city.

City Economy: Cotonou is Benin's largest city and houses many of its government and diplomatic services. The city is a major port, and is also home to an airport and a railway that links to Parakou.

Cost of Living: Cotonou has an overall cost of living index which equates it with middle 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. Cotonou is currently ranked 104 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Benin, Cotonou