Tuesday, August 3, 2010

Haiti, Port-au-Prince - Cost of Living

The economy of Haiti is amongst the poorest in the world. Two-thirds of all Haitians depend on the agriculture sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. The country was devastated by a powerful earthquake in January 2010 which destroyed much of the infrastructure.

Port-au-Prince is the capital and largest city of the Caribbean nation of Haiti. Port-au-Prince is the nation's largest center of economy and finance, however it has suffered considerable damage in the January 2010 earthquake. The city exports its most widely consumed produce of coffee and sugar.

Port-au-Prince 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.

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

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