Sunday, January 2, 2011

Cameroon, Yaounde - Cost of Living

The economy of Cameroon is one of the ten highest in sub-Saharan Africa. Red tape, high taxes, and endemic corruption have impeded growth of the private sector. Unemployment was estimated at 30% in 2001, and about a third of the population was living below the international poverty threshold.

Yaounde is the capital city of Cameroon and second largest city in the country after Douala. Major industries in Yaounde include tobacco, dairy products, breweries, clay, glass goods, and lumber. It is also a regional distribution center for coffee, cocoa, copra, sugar cane, and rubber.

Yaounde 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.

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