Sunday, June 20, 2010

Nicaragua, Managua Cost of Living April 2010

Country Full Name: Republic of Nicaragua.

Location: Nicaragua is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras.

Country Climate: Tropical in lowlands, cooler in highlands.

Country Terrain: Extensive Atlantic coastal plains rising to central interior mountains; narrow Pacific coastal plain interrupted by volcanoes.

Major Languages: Spanish, English, indigenous languages.

Major Religions: Christianity.

Country Population: 6.2 million (2008 est.) 6.3 million (2009 est.).

Country Economy: The economy of Nicaragua has made significant progress toward macro-economic stabilization over the past few years. Nicaragua is primarily an agricultural country, but construction, mining, fisheries, and general commerce also have been expanding during the last few years.

Currency: Nicaraguan Cordoba Oro (NIO).

Country Inflation: 19.9% (2008 est.) 4.3% (2009 est.).

City: Managua is the capital city of Nicaragua.

City Economy: Managua is Nicaragua's chief trading center for coffee, cotton, and other crops. It is also an important industrial center.
Cost of Living: Managua 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. Managua is currently ranked 247 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Nicaragua, Managua