Thursday, June 17, 2010

Madagascar, Antananarivo Cost of Living April 2010

Country Full Name: Republic of Madagascar.

Location: Madagascar is an island in the Indian Ocean, east of Mozambique.

Country Climate: Tropical along coast, temperate inland, arid in south.

Country Terrain: Narrow coastal plain, high plateau and mountains in center.

Major Languages: Malagasy (official), French.

Major Religions: Indigenous beliefs, Christianity.

Country Population: 20.2 million (2008 est.) 20.7 million (2009 est.).

Country Economy: The economy of Madagascar is reliant on agriculture, including fishing and forestry, accounting for 34 percent of Gross Domestic Product (GDP) and contributing more than 70 percent to export earnings. Industry features textile manufacturing and the processing of agricultural products.

Currency: Malagasy Ariary (MGA).

Country Inflation: 9.2% (2008 est.) 9.9% (2009 est.).

City: Antananarivo is the capital and largest city in Madagascar.

City Economy: Antananarivo is the political and economic capital of Madagascar. The city is guarded by two forts built on hills to the east. Including an Anglican and a Roman Catholic cathedral, there are more than 5,000 churches in the city and its suburbs.
Cost of Living: Antananarivo 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. Antananarivo is currently ranked 235 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Madagascar, Antananarivo