Portugal, Lisbon Cost of Living April 2010

Country Full Name: Portuguese Republic.

Location: Portugal is in South Western Europe, bordering the North Atlantic Ocean, west of Spain.

Country Climate: Maritime temperate; cool and rainy in north, warmer and drier in south.

Country Terrain: Mountainous north of the Tagus River, rolling plains in south.

Major Languages: Portuguese.

Major Religions: Christianity.

Country Population: 10.6 million (2008 est.) 10.6 million (2009 est.).

Country Economy: The economy of Portugal is a high income mixed economy. Fisheries and agriculture account for about 4% of the GDP, employing 13% of the labour force. The tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. Unemployment is relatively high.

Currency: Euro (EUR).

Country Inflation: 2.7% (2008 est.) -0.6% (2009 est.).

City: Lisbon is the capital and largest city of Portugal.

City Economy: The Lisbon region is the wealthiest region in Portugal and is the countries chief seaport. Lisbon's economy is based primarily on the tertiary sector. Most of the headquarters of multinationals operating in Portugal are concentrated in the Grande Lisboa subregion.
Cost of Living: Lisbon 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. Lisbon is currently ranked 87 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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