Tuesday, October 12, 2010

Cape Verde, Praia - Cost of Living

The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP. Although nearly 70% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances.

Praia is the capital and largest city of Cape Verde. Praia is Cape Verde?s largest city, a commercial center, and a port that ships coffee, sugar cane, and tropical fruits. Praia also has a fishing industry and there are resort beaches nearby.

Praia 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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