Thursday, May 20, 2010

Ecuador, Quito Cost of Living April 2010

Country Full Name: Republic of Ecuador.

Location: Ecuador is in Western South America, bordering the Pacific Ocean at the Equator, between Colombia and Peru.

Country Climate: Tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands.

Country Terrain: Coastal plain (costa), inter-Andean central highlands (sierra), and flat to rolling eastern jungle (oriente).

Major Languages: Spanish, indigenous languages.

Major Religions: Christianity.

Country Population: 13.9 million (2008 est.) 14.1 million (2009 est.).

Country Economy: The economy of Ecuador is dominated by natural resources which include petroleum, fish, shrimp, timber and gold. In addition, it has rich agriculture: bananas, flowers, coffee, cacao, sugar, tropical fruits, palm oil, palm hearts, rice, roses, and corn. The country´s greatest national export is crude oil.

Currency: US Dollar.

Country Inflation: 8.4% (2008 est.) 5.0% (2009 est.).

City: Quito, is the capital city of Ecuador.

City Economy: Quito is the second-highest administrative capital city in the world (after La Paz, Bolivia), and the highest legal capital (ahead of Sucre, also in Bolivia, and Bogota, Colombia).
Cost of Living: Quito 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. Quito is currently ranked 274 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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