Tuesday, June 15, 2010

Korea Democratic Republic of, Pyongyang Cost of Living April 2010

Country Full Name: The Democratic People's Republic of Korea.

Location: The Democratic Republic of Korea is in Eastern Asia, in the northern half of the Korean Peninsula bordering the Korea Bay and the Sea of Japan, between China and South Korea.

Country Climate: Temperate with rainfall concentrated in summer.

Country Terrain: Mostly hills and mountains separated by deep, narrow valleys; coastal plains wide in west, discontinuous in east.

Major Languages: Korean.

Major Religions: Mainly atheist or non-religious, traditional beliefs.

Country Population: 23.8 million (2008 est.) 23.9 million (2009 est.).

Country Economy: The economy of North Korea is an industrialised, highly centralized command economy. The role of market allocation is sharply limited - mainly in the rural sector where peasants sell produce from small private plots. There are almost no small businesses.

Currency: North Korean Won (KPW).

Country Inflation: N/A.

City: Pyongyang is the capital of North Korea.

City Economy: Pyongyang has been completely redesigned since the Korean War (1950?1953). It is designed with wide avenues, imposing monuments, and monolithic buildings. The city also has regular international train services to Beijing and Moscow. A journey to Beijing takes about 25 hours and 25 minutes; a journey to Moscow takes 6 days.
Cost of Living: Pyongyang 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. Pyongyang is currently ranked 187 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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