Thursday, June 24, 2010

Spain, Madrid Cost of Living April 2010

Country Full Name: Kingdom of Spain.

Location: Spain is in South Western Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France.

Country Climate: Temperate; clear, hot summers in interior, more moderate and cloudy along coast; cloudy, cold winters in interior, partly cloudy and cool along coast.

Country Terrain: Large, flat to dissected plateau surrounded by rugged hills; Pyrenees in north.

Major Languages: Spanish (Castilian), Catalan and its variant Valencian, Gallego (Galician), Euskera (Basque).

Major Religions: Christianity.

Country Population: 45.6 million (2008 est.) 46.2 million (2009 est.).

Country Economy: The economy of Spain has been regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.

Currency: Euro (EUR).

Country Inflation: 4.1% (2008 est.) -0.3% (2009 est.).

City: Barcelona is the capital and the most populous city of the Autonomous Community of Catalonia and the second largest city in Spain.

City Economy: Barcelona's economy consists of finance, commerce, media, entertainment, arts and international trade. Barcelona has a long-standing mercantile tradition.
Cost of Living: Madrid 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. Madrid is currently ranked 55 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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