Thursday, June 24, 2010

Somalia, Mogadishu Cost of Living April 2010

Country Full Name: Somalia.

Location: Somalia is in Eastern Africa, bordering the Gulf of Aden and the Indian Ocean, east of Ethiopia.

Country Climate: Principally desert; northeast monsoon (December to February), moderate temperatures in north and hot in south; southwest monsoon (May to October), torrid in the north and hot in the south, irregular rainfall, hot and humid periods (tangambili) between monsoons.

Country Terrain: Mostly flat to undulating plateau rising to hills in north.

Major Languages: Somali, Arabic, Italian, English.

Major Religions: Islam.

Country Population: 9 million (2008 est.) 9.1 million (2009 est.).

Country Economy: The economy of Somalia has, despite civil unrest, maintained a healthy informal economy, based mainly on livestock, remittance/money transfer companies, and telecommunications.

Currency: Somali Shilling (SOS).

Country Inflation: N/A.

City: Mogadishu is the largest city in Somalia and the nation's capital.

City Economy: Mogadishu is the commercial and financial center of Somalia. Although the economy has recovered somewhat from the civil unrest, the Somali Civil War still presents many problems. The effective absence of government yields free trade without taxes or regulatory expenditures, but comes at the cost of civil society and infrastructure. Businesses have hired armed militias to provide security against gunmen, leading to a gradual reduction in open street violence. However, high levels of crime including frequent murders and occasional bombings are still rampant in the city.
Cost of Living: Mogadishu 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. Mogadishu is currently ranked 189 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Somalia, Mogadishu

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