Wednesday, November 10, 2010

Myanmar, Yangon - Cost of Living

Burma is one of the poorest nations in the world, suffering from decades of stagnation, mismanagement, and isolation.

Yangon is also known as Rangoon and is a former capital of Burma and the capital of Yangon Division. Yangon is the country's main centre for trade, industry, real estate, media, entertainment and tourism. The city is Lower Myanmar?s main trading hub for all kinds of merchandise ? from basic food stuffs to used cars although commerce continues to be hampered by the city's severely underdeveloped banking industry and communication infrastructure.

Yangon 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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