Sunday, November 14, 2010

Papua New Guinea, Port Moresby - Cost of Living

The economy of Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for the bulk of the population.

Port Moresby is the capital and largest city of Papua New Guinea. The city is often covered by a smoke haze that is created by the numerous small fires lit beside the road or in the bush by its inhabitants. The city experiences high levels of rape, robbery, murder and large areas of the city are controlled by gangs.

Port Moresby has an overall cost of living index which equates it with high 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.

Read More