Sunday, May 16, 2010

Cuba, Havana Cost of Living April 2010

Country Full Name: Republic of Cuba.

Location: Cuba is an island between the Caribbean Sea and the North Atlantic Ocean, 150 km south of Key West, Florida.

Country Climate: Tropical; moderated by trade winds; dry season (November to April); rainy season (May to October).

Country Terrain: Mostly flat to rolling plains, with rugged hills and mountains in the southeast.

Major Languages: Spanish.

Major Religions: Christianity.

Country Population: 11.4 million (2008 est.) 11.5 million (2009 est.).

Country Economy: The economy of Cuba is a largely state-controlled, centrally planned economy overseen by the Cuban government, though there remains significant foreign investment and enterprise in Cuba. Most of the means of production are owned and run by the government and most of the labor force is employed by the state.

Currency: Cuban Convertible Peso (CUC).

Country Inflation: 3.1% (2008 est.) 3.4% (2009 est.).

City: Havana is the capital city, major port, and leading commercial centre of Cuba.

City Economy: Havana's economy first developed on the basis of its location, which made it one of the early great trade centres in the New World. Sugar and a flourishing slave trade first brought riches to the city, and later, after independence, it became a renowned resort. Despite efforts by Fidel Castro's government to spread Cuba's industrial activity to all parts of the island, Havana remains the centre of much of the nation's industry.
Cost of Living: Havana 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. Havana is currently ranked 217 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Cuba, Havana