Wednesday, June 16, 2010

Lithuania, Vilnius Cost of Living April 2010

Country Full Name: Republic of Lithuania.

Location: Lithuania is in Eastern Europe, bordering the Baltic Sea, between Latvia and Russia.

Country Climate: Transitional, between maritime and continental; wet, moderate winters and summers.

Country Terrain: Lowland, many scattered small lakes, fertile soil.

Major Languages: Lithuanian, Russian.

Major Religions: Christianity.

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

Country Economy: The economy of Lithuania changed radically after the country established its independence from the Soviet Union in 1990. It then made a transition towards capitalist free market principles, enjoying high growth rates after entering the European Union along with other Baltic states.

Currency: Lithuanian Litas (LTL).

Country Inflation: 11.1% (2008 est.) 3.5% (2009 est.).

City: Vilnius is the largest city and the capital of Lithuania.

City Economy: Vilnius is the major economic centre of Lithuania and one of the largest financial centres of the Baltic states. Even though it is home to only 15% of Lithuania's population, it generates approximately 25% of Lithuania's GDP.
Cost of Living: Vilnius 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. Vilnius is currently ranked 127 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Lithuania, Vilnius