Monday, August 23, 2010

Portugal, Lisbon - Cost of Living

The economy of Portugal is a high income mixed economy. Fisheries and agriculture account for about 4% of the GDP, employing 13% of the labour force. The tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. Unemployment is relatively high.

Lisbon is the capital and largest city of Portugal. The Lisbon region is the wealthiest region in Portugal and is the countries chief seaport. Lisbon's economy is based primarily on the tertiary sector. Most of the headquarters of multinationals operating in Portugal are concentrated in the Grande Lisboa subregion.

Lisbon 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.

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

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