Wednesday, June 16, 2010

Liberia, Monrovia Cost of Living April 2010

Country Full Name: Republic of Liberia.

Location: Liberia is in Western Africa, bordering the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone.

Country Climate: Tropical; hot, humid; dry winters with hot days and cool to cold nights; wet, cloudy summers with frequent heavy showers.

Country Terrain: Mostly flat to rolling coastal plains rising to rolling plateau and low mountains in northeast.

Major Languages: English, 29 African languages belonging to the Mande, Kwa or Mel linguistic groups.

Major Religions: Christianity, Islam, indigenous beliefs.

Country Population: 3.9 million (2008 est.) 4.1 million (2009 est.).

Country Economy: The economy of Liberia was negatively impacted by the civil war and government mismanagement, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically-elected government in 2006, some have returned.

Currency: Liberian Dollar (LRD).

Country Inflation: 17.5% (2008 est.) 7.3% (2009 est.).

City: Monrovia is the capital city of the West African nation of Liberia.

City Economy: The city's economy is dominated by its harbour. Monrovia is Liberia's financial centre.
Cost of Living: Monrovia 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. Monrovia is currently ranked 165 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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