Saturday, May 29, 2010

Germany, Munich Cost of Living April 2010

Country Full Name: Federal Republic of Germany.

Location: Germany is in Central Europe, bordering the Baltic Sea and the North Sea, between the Netherlands and Poland, south of Denmark.

Country Climate: Temperate and marine; cool, cloudy, wet winters and summers; occasional warm mountain (foehn) wind.

Country Terrain: Lowlands in north, uplands in center, Bavarian Alps in south.

Major Languages: German.

Major Religions: Christianity.

Country Population: 82.1 million (2008 est.) 82.0 million (2009 est.).

Country Economy: The economy of Germany is the largest national economy in Europe, the fourth largest by nominal GDP in the world. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Most of the country's products are in engineering, especially in automobiles, machinery, metals, and chemical goods. Germany is the leading producer of wind turbines and solar power technology in the world.

Currency: Euro (EUR).

Country Inflation: 2.75% (2008 est.) 0.14% (2009 est.).

City: Munich is the capital city of Bavaria and is the third largest city in Germany, after Berlin and Hamburg.

City Economy: Munich has the strongest economy of any German city, as well as the lowest unemployment rate of any German city with more than a million people. The city is also the economic centre of southern Germany.
Cost of Living: Munich has an overall cost of living index which equates it with high 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. Munich is currently ranked 15 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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