Tuesday, June 22, 2010

Palau, Melekeok Cost of Living April 2010

Country Full Name: Republic of Palau.

Location: Palau is in Oceania, and consists of a group of islands in the North Pacific Ocean, southeast of the Philippines.

Country Climate: Tropical; hot and humid; wet season May to November.

Country Terrain: Varying geologically from the high, mountainous main island of Babelthuap to low, coral islands usually fringed by large barrier reefs.

Major Languages: Palauan, English.

Major Religions: Christianity, Modekngei (indigenous belief).

Country Population: 0.02 million (2008 est.) 0.02 million (2009 est.).

Country Economy: The economy of Palau consists primarily of tourism, subsistence agriculture, and fishing. Tourist activity focuses on scuba diving and snorkeling in the islands' rich marine environment, including its barrier reefs walls and World War II wrecks. The government is the major employer of the work force, relying heavily on financial assistance from the US.

Currency: US Dollar (USD).

Country Inflation: 2.7% (2005 est.).

City: Melekeok is a town in the State of Melekeok.

City Economy: Republic of Palau's Capitol Complex is located on a hill, northwest of the village of Melekeok.
Cost of Living: Melekeok has an overall cost of living index which equates it with high 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. Melekeok is currently ranked 83 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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