Thursday, June 17, 2010

Malta, Velletta Cost of Living April 2010

Country Full Name: Republic of Malta.

Location: Malta is in the Mediterranean Sea, south of Sicily (Italy).

Country Climate: Mediterranean; mild, rainy winters; hot, dry summers.

Country Terrain: Mostly low, rocky, flat to dissected plains; many coastal cliffs.

Major Languages: Maltese, English.

Major Religions: Christianity.

Country Population: 0.4 million (2008 est.) 0.4 million (2009 est.).

Country Economy: The economy of Malta's strengths are its limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics), tourism and financial services.

Currency: Euro (EUR).

Country Inflation: 4.7% (2008 est.) 2.1% (2009 est.).

City: Valletta is the capital city of Malta.

City Economy: The Valletta peninsula has two natural harbours, Marsamxett and the Grand Harbour. The Grand Harbour is Malta's major port.
Cost of Living: Velletta 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. Velletta is currently ranked 93 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Malta, Velletta