Thursday, June 24, 2010

Turkey, Ankara Cost of Living April 2010

Country Full Name: Republic of Turkey.

Location: Turkey is in South Eastern Europe and Southwestern Asia (that portion of Turkey west of the Bosporus is geographically part of Europe), bordering the Black Sea, between Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean Sea, between Greece and Syria.

Country Climate: Temperate; hot, dry summers with mild, wet winters; harsher in interior.

Country Terrain: High central plateau (Anatolia); narrow coastal plain; several mountain ranges.

Major Languages: Turkish.

Major Religions: Islam.

Country Population: 69.7 million (2008 est.) 70.4 million (2009 est.).

Country Economy: The economy of Turkey is largely dominated by modern industries and the services sector. The country is among the world's leading producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances.

Currency: New Turkish Lira (TRY).

Country Inflation: 10.4% (2008 est.) 6.2% (2009 est.).

City: Ankara is the capital of Turkey and the country's second largest city after Istanbul.

City Economy: Ankara is a very old city with various Hittite, Phrygian, Hellenistic, Roman, Byzantine, and Ottoman archaeological sites.
Cost of Living: Ankara 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. Ankara is currently ranked 61 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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