Thursday, June 24, 2010

Togo, Lome Cost of Living April 2010

Country Full Name: Togolese Republic.

Location: Togo is in Western Africa, bordering the Bight of Benin, between Benin and Ghana.

Country Climate: Tropical; hot, humid in south; semiarid in north.

Country Terrain: Gently rolling savanna in north; central hills; southern plateau; low coastal plain with extensive lagoons and marshes.

Major Languages: French (official), local languages.

Major Religions: Indigenous beliefs, Christianity, Islam.

Country Population: 6.6 million (2008 est.) 6.8 million (2009 est.).

Country Economy: Subsistence agriculture is the main economic activity in Togo; the majority of the population depends on subsistence agriculture. Phosphates are Togo's most important commodity, and the country has an estimated 60 million metric tons of phosphate reserves.

Currency: CFA Franc (XOF).

Country Inflation: 8.4% (2008 est.) 2.8% (2009 est.).

City: Lome is the capital and largest city of Togo.

City Economy: Lome is the country's administrative and industrial center and its chief port. The city exports coffee, cocoa, copra, and palm kernels. It also has an oil refinery.
Cost of Living: Lome 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. Lome is currently ranked 59 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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