Friday, June 18, 2010

Mongolia, Ulaanbaatar Cost of Living April 2010

Country Full Name: Mongolia.

Location: Mongolia is in Northern Asia, between China and Russia.

Country Climate: Desert; continental (large daily and seasonal temperature ranges).

Country Terrain: Vast semidesert and desert plains, grassy steppe, mountains in west and southwest; Gobi Desert in south-central.

Major Languages: Mongolian.

Major Religions: Buddhism.

Country Population: 2.7 million (2008 est.) 2.7 million (2009 est.).

Country Economy: The economy of Mongolia has traditionally been based on agriculture and the breeding of livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Mongolia is the most sparsely populated independent country in the world. The country contains very little arable land, as much of its area is covered by steppes, with mountains to the north and west and the Gobi Desert to the south. Approximately 30% of the population are nomadic or semi-nomadic.

Currency: Mongolian Tugrik (MNT).

Country Inflation: 26.8% (2008 est.) 8.5% (2009 est.).

City: Ulaanbaatar is the capital and largest city of Mongolia.

City Economy: Ulaanbaatar is the cultural, industrial, and financial heart of the country.
Cost of Living: Ulaanbaatar 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. Ulaanbaatar is currently ranked 263 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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