Thursday, May 20, 2010

Dominican Republic, Santo Domingo Cost of Living April 2010

Country Full Name: Dominican Republic.

Location: The Dominican Republic is in the Caribbean, and consists of the eastern two-thirds of the island of Hispaniola, between the Caribbean Sea and the North Atlantic Ocean, east of Haiti.

Country Climate: Tropical maritime; little seasonal temperature variation; seasonal variation in rainfall.

Country Terrain: Rugged highlands and mountains with fertile valleys interspersed.

Major Languages: Spanish.

Major Religions: Christianity.

Country Population: 8.9 million (2008 est.) 9.0 million (2009 est.).

Country Economy: The economy of the Dominican Republic is the largest in Central America and the Caribbean. It is a upper middle-income developing country.

Currency: Dominican R. Peso (DOP).

Country Inflation: 10.6% (2008 est.) 0.9% (2009 est.).

City: Santo Domingo, is the capital and largest city in the Dominican Republic.

City Economy: Santo Domingo is the center of economic activity in the Dominican Republic. Many national and international firms have their headquarters or regional offices in the city. The city attracts many international firms and franchises due to its geographic location, stability and vibrant economy.
Cost of Living: Santo Domingo 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. Santo Domingo is currently ranked 240 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Dominican Republic, Santo Domingo