Saturday, June 19, 2010

Nepal, Kathmandu Cost of Living April 2010

Country Full Name: Nepal.

Location: Nepal is in Southern Asia, between China and India.

Country Climate: Varies from cool summers and severe winters in north to subtropical summers and mild winters in south.

Country Terrain: Tarai or flat river plain of the Ganges in south, central hill region, rugged Himalayas in north.

Major Languages: Nepali.

Major Religions: Hinduism, Buddhism.

Country Population: 27.6 million (2008 est.) 27.9 million (2009 est.).

Country Economy: The economy of Nepal is reliant on external assistance. A long-standing economic agreement underpins a close relationship with India. The country receives foreign aid from India, Japan, the United Kingdom, the United States, the European Union, China, Switzerland, and Scandinavian countries. Poverty is acute; per-capita income is less than US$470. Agriculture accounts for about 40% of Nepal's GDP, services comprise 41% and industry 22%. Agriculture employs 76% of the workforce. The rate of unemployment and underemployment approaches half of the working-age population. Thus many Nepali citizens move to India in search of work; the Gulf countries and Malaysia being new sources of work.

Currency: Nepalese Rupee (NPR).

Country Inflation: 7.7% (2008 est.) 13.2% (2009 est.).

City: Kathmandu is the capital and the largest metropolitan city of Nepal.

City Economy: Kathmandu is the most important industrial and commercial centre of Nepal and the headquarters of most companies, banks and organizations in the country are located here.
Cost of Living: Kathmandu 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. Kathmandu is currently ranked 262 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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