Friday, July 9, 2010

Argentina, Buenos Aires - Cost of Living 2010

The economy of Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argentina's economic performance has been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century. Early in the twentieth century it was one of the richest countries in the world, though it is now an upper-middle income country.

Buenos Aires is the financial, industrial, commercial, and cultural hub of Argentina. Its port is one of the busiest in South America; navigable rivers by way of the Rio de la Plata connect the port to north-east Argentina, Brazil, Uruguay and Paraguay. As a result it serves as the distribution hub for a vast area of the south-eastern region of the continent. Tax collection related to the port has caused many political problems in the past.

Buenos Aires has an overall cost of living index which equates it with low 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. Buenos Aires is currently ranked 261 overall, most expensive place in the world for expatriates to live, out of 282 international locations

The cost of living overview for each of the 13 Basket Groups is as follows:
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1 comment:

  1. The Argentina cost of living has been experiencing a huge increase in the recent years. Now everybody is talking about how meat and vegetables can reach such a high price, leaving people no choice but to pay a lot more for something that can be said to be the main activity in the country. Another problem is shelter. If you want to get some Buenos Aires Real Estate it is likely that Argentineans won´t be able to pay it. It is a great deal for tourist, but citizens can hardly afford a temporary rent.
    That is the way it is.