Wednesday, April 28, 2010

Bosnia and Herzegovina, Sarajevo Cost of Living April 2010

Country Full Name: Bosnia and Hercegovina.

Location: Bosnia and Herzegovina are in South Eastern Europe, bordering the Adriatic Sea and Croatia.

Country Climate: Hot summers and cold winters; areas of high elevation have short, cool summers and long, severe winters; mild, rainy winters along coast.

Country Terrain: Mountains and valleys.

Major Languages: Bosnian, Croatian and Serbian.

Major Religions: Christianity, Islam.

Country Population: 4.0 million (2008 est.) 4.0 million (2009 est.).

Country Economy: The eceonomy of Bosnia and Herzegovina faces the dual problem of rebuilding a war-torn country and introducing market reforms to its formerly centrally-planned economy. Although agriculture is almost all in private hands, farms are generally small and inefficient, and the republic traditionally is a net importer of food. Industry is mostly overstaffed, a holdover from the socialist economic structure of Yugoslavia.

Currency: Bosnian Mark (BAM).

Country Inflation: 7.4% (2008 est.) 0.9% (2009 est.).

City: Sarajevo is the capital and largest city of Bosnia and Herzegovina.

City Economy: The economy of Sarajevo has been subject to reconstruction and rehabilitation programs after years of war. Amongst other economic landmarks, the Central Bank of Bosnia and Herzegovina opened in Sarajevo in 1997 and the Sarajevo Stock Exchange began trading in 2002. The city's large manufacturing, administration, and tourism base, combined with a large informal market, makes it one of the strongest economic regions of Bosnia and Herzegovina.

Cost of Living: Sarajevo 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. Sarajevo is currently ranked 260 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Bosnia and Herzegovina, Sarajevo