Thursday, June 24, 2010

Tuvalu, Funafuti Cost of Living April 2010

Country Full Name: Tuvalu.

Location: Tuvalu is an island group consisting of nine coral atolls in the South Pacific Ocean, about one-half of the way from Hawaii to Australia.

Country Climate: Tropical; moderated by easterly trade winds (March to November); westerly gales and heavy rain (November to March).

Country Terrain: Low-lying and narrow coral atolls.

Major Languages: Tuvaluan, English.

Major Religions: Christianity.

Country Population: 0.012 million (2008 est.) 0.012 million (2009 est.).

Country Economy: The economy of Tuvalu suffers from its remoteness and lack of economies of scale. Virtually the only jobs in the islands that pay a steady wage or salary are with the government. Subsistence farming and fishing remain the primary economic activities, particularly off the capital island of Funafuti. There is no apparent large income disparity among the residents.

Currency: Australian Dollar (AUD) .

Country Inflation: N/A.

City: Funafuti is an atoll that forms the capital of the island nation of Tuvalu.

City Economy: Funafuti has an airstrip, hotel (Vaiaku Langi Hotel), and administrative buildings, as well as homes, constructed both in the traditional manner, out of palm fronds, and more recently out of cement blocks.
Cost of Living: Funafuti 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. Funafuti is currently ranked 67 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Tuvalu, Funafuti