Tuesday, June 22, 2010

Papua New Guinea, Port Moresby Cost of Living April 2010

Country Full Name: The Independent State of Papua New Guinea.

Location: Papua New Guinea is in Oceania, and consists of a group of islands including the eastern half of the island of New Guinea between the Coral Sea and the South Pacific Ocean, east of Indonesia.

Country Climate: Tropical; northwest monsoon (December to March), southeast monsoon (May to October); slight seasonal temperature variation.

Country Terrain: Mostly mountains with coastal lowlands and rolling foothills.

Major Languages: English, Tok Pisin, Hiri Motu.

Major Religions: Christianity, indigenous beliefs.

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

Country Economy: The economy of Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for the bulk of the population.

Currency: Papua New Guinea Kina (PGK).

Country Inflation: 10.7% (2008 est.) 8.2% (2009 est.).

City: Port Moresby is the capital and largest city of Papua New Guinea.

City Economy: The city is often covered by a smoke haze that is created by the numerous small fires lit beside the road or in the bush by its inhabitants. The city experiences high levels of rape, robbery, murder and large areas of the city are controlled by gangs.
Cost of Living: ort Moresby 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. Port Moresby is currently ranked 25 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Papua New Guinea, Port Moresby