Tuesday, June 15, 2010

Kiribati, South Tarawa Cost of Living April 2010

Country Full Name: The Republic of Kiribati.

Location: Kiribati is in Oceania, a group of 33 coral atolls in the Pacific Ocean, straddling the Equator; the capital Tarawa is about half way between Hawaii and Australia.

Country Climate: Tropical; marine, hot and humid, moderated by trade winds.

Country Terrain: Mostly low-lying coral atolls surrounded by extensive reefs.

Major Languages: English, Gilbertese.

Major Religions: Christianity.

Country Population: 0.1 million (2008 est.) 0.1 million (2009 est.).

Country Economy: The eceonomy of the Republic of Kiribati's is one of the poorest in the world. In one form or another, Kiribati gets a large portion of its income from abroad. Fishing fleets from South Korea, Japan, Taiwan, and the United States pay a licensing fee in order to operate in Kiribati's territorial waters.

Currency: Australian Dollar (AUD).

Country Inflation: 11% (2008 est.) 9.1% (2009 est.).

City: South Tarawa is the official capital of the Republic of Kiribati.

City Economy: Bairiki is a village and an islet now part of South Tarawa, and at one time itself the center of government (and therefore, capital) of Kiribati.
Cost of Living: South Tarawa 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. South Tarawa is currently ranked 12 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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