Sunday, May 30, 2010

Gibraltar, Gibraltar Cost of Living April 2010

Country Full Name: Gibraltar. Status: Self-governing part of United Kingdom, claimed by Spain.

Location: Gibraltar (Overseas Territory of the UK) is in South Western Europe, bordering the Strait of Gibraltar, which links the Mediterranean Sea and the North Atlantic Ocean, on the southern coast of Spain.

Country Climate: Mediterranean with mild winters and warm summers.

Country Terrain: A narrow coastal lowland borders the Rock of Gibraltar.

Major Languages: English, Spanish.

Major Religions: Christianity.

Country Population: 0.03 million (2008 est.) 0.03 million (2009 est.).

Country Economy: The economy of Gibraltar is managed and controlled by the Government of Gibraltar. Whilst being part of the European Union, the British overseas territory of Gibraltar has a separate legal jurisdiction from the United Kingdom and enjoys a different tax system. Gibraltar has historically been an important base for the British Armed Forces and is the site of a Royal Navy base.

Currency: Gibraltar Pound (GIP) which is fixed to the British Pound.

Country Inflation: 2.9% (2005 est.) 0.0% (2009 est.).

City: Gibraltar is a self-governing British overseas territory.

City Economy: The role of the UK Ministry of Defence, which at one time was Gibraltar's main source of income, has declined, with today's economy mainly based on shipping, tourism, financial services, and the Internet.
Cost of Living: Gibraltar has an overall cost of living index which equates it with middle 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. Gibraltar is currently ranked 92 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Gibraltar, Gibraltar