Tuesday, June 15, 2010

Kuwait, Kuwait City Cost of Living April 2010

Country Full Name: The State of Kuwait.

Location: Kuwait is in the Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia.

Country Climate: Dry desert; intensely hot summers; short, cool winters.

Country Terrain: Flat to slightly undulating desert plain.

Major Languages: Arabic.

Major Religions: Islam.

Country Population: 3.4 million (2008 est.) 3.5 million (2009 est.).

Country Economy: The economy of Kuwait is a small, relatively open economy with proven crude oil reserves of about 96 billion barrels, i.e. about 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 95% of government income.

Currency: Kuwaiti Dinar (KWD).

Country Inflation: 10.5% (2008 est.) 4.6% (2009 est.).

City: Kuwait City is the capital and largest city of Kuwait.

City Economy: Kuwait city is home to Kuwait's parliament, most governmental offices, and the headquarters of most Kuwaiti corporations and banks. It is the political, cultural and economic center of the emirate. Kuwait?s booming economy has allowed many international hotel chains to enter agreements to open hotels in the country.
Cost of Living: Kuwait City 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. Kuwait City is currently ranked 134 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Kuwait, Kuwait City