Friday, December 10, 2010

Zimbabwe, Harare - Cost of Living

The economy of Zimbabwe has reserves of metallurgical-grade chromite and commercial mineral deposits include coal, asbestos, copper, nickel, gold, platinum and iron ore. However internal upheaval, population displacement, poverty, 94% unemployment and years of hyperinflation have negatively impacted the economy. The Zimbabwe dollar was abandoned in April 2009 when the US Dollar became legal tender, there is some evidence to suggest that this has helped slow the economic decline somewhat, however extreme hardship persists for majority of citizens.

Harare is the capital of Zimbabwe and largest city and its administrative, commercial, and communications centre. Harare is a trade centre for tobacco, maize, cotton, and citrus fruits. Manufactures include textiles, steel, and chemicals, and gold is mined in the area.

Harare 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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