Saturday, June 19, 2010

Myanmar, Yangon Cost of Living April 2010

Country Full Name: Union of Myanmar.

Location: Myanmar (Burma) is in South Eastern Asia, bordering the Andaman Sea and the Bay of Bengal, between Bangladesh and Thailand.

Country Climate: Tropical monsoon; cloudy, rainy, hot, humid summers (southwest monsoon, June to September); less cloudy, scant rainfall, mild temperatures, lower humidity during winter (northeast monsoon, December to April).

Country Terrain: Central lowlands ringed by steep, rugged highlands.

Major Languages: Burmese, indigenous ethnic languages.

Major Religions: Buddhism, Christianity, Islam.

Country Population: 58.8 million (2008 est.) 60.0 million (2009 est.).

Country Economy: Burma is one of the poorest nations in the world, suffering from decades of stagnation, mismanagement, and isolation.

Currency: Myanmar Kyat (MMK).

Country Inflation: 22.5% (2008 est.) 6.9% (2009 est.).

City: Yangon is also known as Rangoon and is a former capital of Burma and the capital of Yangon Division.

City Economy: Yangon is the country?s main centre for trade, industry, real estate, media, entertainment and tourism. The city is Lower Myanmar?s main trading hub for all kinds of merchandise ? from basic food stuffs to used cars although commerce continues to be hampered by the city's severely underdeveloped banking industry and communication infrastructure.
Cost of Living: Yangon 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. Yangon is currently ranked 208 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Myanmar, Yangon