Saturday, June 26, 2010

Zambia, Lusaka Cost of Living April 2010

Country Full Name: Republic of Zambia.

Location: Zambia is in Southern Africa, east of Angola.

Country Climate: Tropical; modified by altitude; rainy season (October to April).

Country Terrain: Mostly high plateau with some hills and mountains.

Major Languages: English (official), Bemba, Lozi, Nyanja, Tonga.

Major Religions: Christianity, indigenous beliefs, Hinduism, Islam.

Country Population: 11.7 million (2008 est.) 12 million (2009 est.).

Country Economy: The Zambian economy has historically been based on the copper mining industry. Output of copper had declined over a period of 30 years due to lack of investment, low copper prices, and uncertainty over privatisation. However following privatisation of the industry, copper production has rebounded. The Zambian government is pursuing an economic diversification programme to reduce the economy's reliance on the copper industry.

Currency: Zambian Kwacha (ZMK).

Country Inflation: 12.4% (2008 est.) 14% (2009 est.).

City: Lusaka is the capital and largest city of Zambia.

City Economy: Lusaka is a commercial centre as well as centre of government, and the four main highways of Zambia radiate north, south, east and west from it.
Cost of Living: Lusaka 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. Lusaka is currently ranked 131 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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