Tuesday, June 22, 2010

Philippines, Manila Cost of Living April 2010

Country Full Name: Republic of the Philippines.

Location: Philippines is an archipelago in South Eastern Asia, between the Philippine Sea and the South China Sea, east of Vietnam.

Country Climate: Tropical marine; northeast monsoon (November to April); southwest monsoon (May to October).

Country Terrain: Mostly mountains with narrow to extensive coastal lowlands.

Major Languages: Filipino, English (both official) .

Major Religions: Christianity.

Country Population: 90.5 million (2008 est.) 92.2 million (2009 est.).

Country Economy: The economy of the Philippines is a mixed economic system, and one of the newly industrialized emerging market economies of the world. Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts.

Currency: Philippine Peso (PHP).

Country Inflation: 9.3% (2008 est.) 2.8% (2009 est.).

City: Manila is the capital of the Philippines.

City Economy: Manila is one of the world's largest and most densely populated cities in the world. Manila's economy is diverse and multifaceted and serves as the nation's chief seaport.
Cost of Living: Manila 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. Manila is currently ranked 198 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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