Thursday, May 20, 2010

Egypt, Cairo Cost of Living April 2010

Country Full Name: Arab Republic of Egypt.

Location: Egypt is in Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula.

Country Climate: Desert; hot, dry summers with moderate winters.

Country Terrain: Vast desert plateau interrupted by Nile valley and delta.

Major Languages: Arabic.

Major Religions: Islam, Christianity.

Country Population: 75.2 million (2008 est.) 76.7 million (2009 est.).

Country Economy: The economy of Egypt depends mainly on agriculture, media, petroleum exports, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.

Currency: Egyptian Pound (EGP).

Country Inflation: 11.7% (2008 est.) 16.2% (2009 est.).

City: Cairo is a megacity and a global city serving as the capital of Egypt.

City Economy: Cairo is the center of Egypt, as it has been almost since its founding in 969 AD. 15% of all Egyptians live there. The majority of the nation's commerce is generated there, or passes through the city.
Cost of Living: Cairo 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. Cairo is currently ranked 216 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Egypt, Cairo