Monthly Archives: August 2010

Madagascar, Antananarivo – Cost of Living

The economy of Madagascar is reliant on agriculture, including fishing and forestry, accounting for 34 percent of Gross Domestic Product (GDP) and contributing more than 70 percent to export earnings. Industry features textile manufacturing and the processing of agricultural products. … Continue reading

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Macedonia, Skopje – Cost of Living

The economy of Macedonia has undergone considerable economic reform since independence. The country has developed an open economy with trade accounting for more than 90% of GDP in recent years. Skopje is the capital and largest city of the Republic … Continue reading

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Malaysia, Kuala Lumpur – Cost of Living

The economy of Malaysia is a growing and relatively open state-oriented market economy. The state plays a significant but declining role in guiding economic activity through macroeconomic plans. Kuala Lumpur (KL) is the capital and largest city of Malaysia. Kuala … Continue reading

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Malawi, Lilongwe – Cost of Living

The economy of Malawi is among the world’s least developed and most densely populated. The economy is heavily agriculture-based, with around 85% of the population living in rural areas. More than one-third of GDP and 90% of export revenues come … Continue reading

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Liechtenstein, Vaduz – Cost of Living

The economy of Liechtenstein is a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes – the maximum tax rate … Continue reading

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Libya, Tripoli – Cost of Living

The economy of Libya depends primarily upon revenues from the oil sector, which constitute practically all export earnings. Tripoli is the largest and capital city of Libya. Tripoli is the largest city, the principal sea port, and the largest commercial … Continue reading

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Luxembourg, Luxembourg – Cost of Living

The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Although Luxembourg in tourist literature is aptly called the Green Heart of Europe, its pastoral land coexists with a highly industrialized and export-intensive economy. Luxembourg enjoys … Continue reading

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Liberia, Monrovia – Cost of Living

The economy of Liberia was negatively impacted by the civil war and government mismanagement, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting … Continue reading

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Lithuania, Vilnius – Cost of Living

The economy of Lithuania changed radically after the country established its independence from the Soviet Union in 1990. It then made a transition towards capitalist free market principles, enjoying high growth rates after entering the European Union along with other … Continue reading

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Lesotho, Maseru – Cost of Living

The economy of Lesotho’s economy is based on diamonds exported all over the world and water sold to South Africa, manufacturing, agriculture, livestock, and to some extent the earnings of laborers employed in South Africa. Maseru is the capital and … Continue reading

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