Sunday, May 23, 2010

Ethiopia, Addis Ababa Cost of Living April 2010

Country Full Name: Federal Democratic Republic of Ethiopia.

Location: Ethiopia is in Eastern Africa, west of Somalia.

Country Climate: Tropical monsoon with wide topographic-induced variation.

Country Terrain: High plateau with central mountain range divided by Great Rift Valley.

Major Languages: Amharic, Oromo, Tigrinya, Somali.

Major Religions: Christianity, Islam.

Country Population: 79.2 million (2008 est.) 81.2 million (2009 est.).

Country Economy: The economy of Ethiopia is based on agriculture, which accounts for half of gross domestic product (GDP), 60% of exports, and 80% of total employment. Ethiopia has virtually no private sector business at all. Despite recent improvements, with an exploding population Ethiopia remains one of the poorest nations in the world.

Currency: Ethiopian Birr (ETB).

Country Inflation: 25.3% (2008 est.) 36.4% (2009 est.).

City: Addis Ababa is the capital city of Ethiopia.

City Economy: Addis Ababa has the status of both a city and a state. It is where the African Union and its predecessor the OAU are based. The economic activities in Addis Ababa are diverse.
Cost of Living: Addis Ababa 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. Addis Ababa is currently ranked 230 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Ethiopia, Addis Ababa

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