Wednesday, June 23, 2010

Saudi Arabia, Riyadh Cost of Living April 2010

Country Full Name: Kingdom of Saudi Arabia.

Location: Saudi Arabia is in the Middle East, bordering the Persian Gulf and the Red Sea, north of Yemen.

Country Climate: Harsh, dry desert with great temperature extremes.

Country Terrain: Mostly uninhabited, sandy desert.

Major Languages: Arabic.

Major Religions: Islam.

Country Population: 24.9 million (2008 est.) 25.5 million (2009 est.).

Country Economy: Saudi Arabia's economy is petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry.

Currency: Saudi Riyal (SAR).

Country Inflation: 9.9% (2008 est.) 4.5% (2009 est.).

City: Riyadh is the capital and largest city of Saudi Arabia.

City Economy: Riyadh is a large metropolis and is a focal point for both travel and trade.
Cost of Living: Riyadh has an overall cost of living index which equates it with middle 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. Riyadh is currently ranked 130 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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