Thursday, June 24, 2010

Uruguay, Montevideo Cost of Living April 2010

Country Full Name: Oriental Republic of Uruguay.

Location: Uruguay is in Southern South America, bordering the South Atlantic Ocean, between Argentina and Brazil.

Country Climate: Warm temperate; freezing temperatures almost unknown.

Country Terrain: Mostly rolling plains and low hills; fertile coastal lowland.

Major Languages: Spanish, Portunol or Brazilero (Portuguese-Spanish mix).

Major Religions: Christianity.

Country Population: 3.3 million (2008 est.) 3.4 million (2009 est.).

Country Economy: The economy is largely based on agriculture (making up 10% of GDP and the most substantial export) and the state sector. Uruguay's economy relies heavily on trade, particularly in agricultural exports, leaving the country vulnerable to slumps in commodity prices.

Currency: Uruguayan Peso (UYU).

Country Inflation: 7.9% (2008 est.) 7.5% (2009 est.).

City: Montevideo is the largest city, the capital, and the chief port of Uruguay.

City Economy: Montevideo is the economic hub of Uruguay and is home to approximately one third of the population.
Cost of Living: Montevideo has an overall cost of living index which equates it with middle 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. Montevideo is currently ranked 158 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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