Saturday, June 19, 2010

Morocco, Rabat Cost of Living April 2010

Country Full Name: The Kingdom of Morocco.

Location: Morocco is in Northern Africa, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara.

Country Climate: Mediterranean, becoming more extreme in the interior.

Country Terrain: Northern coast and interior are mountainous with large areas of bordering plateaus, intermontane valleys, and rich coastal plains.

Major Languages: Arabic (official), Berber, French, Spanish.

Major Religions: Islam.

Country Population: 31.4 million (2008 est.) 31.9 million (2009 est.).

Country Economy: The economy of Morocco is considered a relatively liberal economy. The services sector accounts for just over half of GDP and industry, made up of mining, construction and manufacturing, is an additional quarter. The sectors who recorded the highest growth are the tourism, telecoms and textile sectors. Morocco , however, still depends on agriculture which accounts for only around 14% of GDP but employs 40-45% of the Moroccan population.

Currency: Moroccan Dirham (MAD).

Country Inflation: 3.9% (2008 est.) 2.8% (2009 est.).

City: Rabat is the capital of the Kingdom of Morocco.

City Economy: Tourism and the presence of all foreign embassies in Morocco serve to make Rabat the second most important city in the country after the larger and more economically significant Casablanca.
Cost of Living: Rabat 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. Rabat is currently ranked 204 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Morocco, Rabat