Sunday, July 18, 2010

Cameroon, Douala - Cost of Living

The economy of Cameroon is one of the ten highest in sub-Saharan Africa. Red tape, high taxes, and endemic corruption have impeded growth of the private sector. Unemployment was estimated at 30% in 2001, and about a third of the population was living below the international poverty threshold.


Douala is the largest city in Cameroon and the capital of Cameroon's Littoral Province. Douala is home to Cameroon's largest port and its major international airport, Douala Airport, it is the commercial capital of the country. Consequently, it handles most of the country's major exports, such as oil, cocoa and coffee, timber, metals and fruits.


Douala 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.


The latest cost of living rank for each of the 13 Basket Groups is now available.
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