Wednesday, January 26, 2011

Laos, Vientiane - Cost of Living

The economy of Laos is heavily dependent on investment and trade with its neighbors, Thailand, Vietnam, and, especially in the north, China. Much of the country lacks adequate infrastructure. Subsistence agriculture still accounts for half of the GDP and provides 80 percent of employment.

Vientiane is the capital and largest city of Laos. Vientiane is situated on a bend of the Mekong river, which forms the border with Thailand at this point. A short link connects Vientiane with Thailand over the Thai-Lao Friendship Bridge.

Vientiane 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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