Daily Archives: September 20, 2010

Zambia, Lusaka – Cost of Living

The Zambian economy has historically been based on the copper mining industry. Output of copper had declined over a period of 30 years due to lack of investment, low copper prices, and uncertainty over privatisation. However following privatisation of the … Continue reading

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Yemen, Sanaa – Cost of Living

Agriculture is the mainstay of Yemen’s economy, generating more than 20 percent of gross domestic product (GDP). Yemen is a small oil producer. Yemen’s industrial sector constitutes almost half of gross domestic product. Together with services, construction, and commerce, industry … Continue reading

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Vietnam, Hanoi – Cost of Living

The economy of Vietnam is a developing mixed economy. Over the past 20 years, Vietnam has made a shift from a centrally planned economy to a Socialist-oriented market economy. The economy has experienced rapid growth. Vietnam is in transition from … Continue reading

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International Cost Of Living Index Calculation

Cost of living is the cost of maintaining a specified standard of living, similar to a typical household budget. A Cost of living index is a numerical way of comparing cost of living, either over time, or by comparing different … Continue reading

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Venezuela, Caracas – Cost of Living

The economy of Venezuela is dominated by the petroleum sector accounting for roughly a third of GDP, around 80% of exports and more than half of government revenues. Gold, diamonds and iron ore are mined as well. Venezuela contains some … Continue reading

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