Wednesday, May 26, 2010

Gambia, Banjul Cost of Living April 2010

Country Full Name: Republic of The Gambia.

Location: The Gambia is in Western Africa, bordering the North Atlantic Ocean and Senegal.

Country Climate: Tropical; hot, rainy season (June to November); cooler, dry season (November to May).

Country Terrain: Flood plain of the Gambia River flanked by some low hills.

Major Languages: English (official), Mandinka, Wolof, Fula.

Major Religions: Islam, Christianity.

Country Population: 1.63 million (2008 est.) 1.67 million (2009 est.).

Country Economy: The economy of the Gambia is a liberal, market-based economy characterized by traditional subsistence agriculture, a historic reliance on groundnuts (peanuts) for export earnings, a re-export trade built up around its ocean port, low import duties, minimal administrative procedures, a fluctuating exchange rate with no exchange controls, and a significant tourism industry.

Currency: Gambian Dalasi (GMD).

Country Inflation: 4.5% (2008 est.) 6.5% (2009 est.).

City: Banjul is the capital of The Gambia.

City Economy: Banjul is the country's economic and administrative centre and includes the Central Bank of The Gambia. Peanut processing is the country's principal industry, but beeswax, palm wood, palm oil, and skins and hides are also shipped from Banjul's port.
Cost of Living: Banjul 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. Banjul is currently ranked 195 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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