Wednesday, August 11, 2010

Kyrgyzstan, Bishkek - Cost of Living

The economy of Kyrgyzstan was severely affected by the collapse of the Soviet trading block. Despite the backing of major Western lenders, including the International Monetary Fund (IMF), the World Bank and the Asian Development Bank, Kyrgyzstan has had economic difficulties following independence. Agriculture is an important sector of the economy in Kyrgyzstan. Kyrgyzstan is rich in mineral resources but has negligible petroleum and natural gas reserves.

Bishkek is the capital and the largest city of Kyrgyzstan. The economy in Bishkek is primarily agricultural with the mass amounts of fruits, vegetables and livestock providing a co-existing system of bartering in the outlying regions.

Bishkek 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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