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Currency and Cost of Living

Ecuador - Currency and Cost of Living

The currency of Ecuador is the US dollar and the country has a fairly low cost of living in comparison with other countries in the world. Out of an index of 282 countries, Ecuador is rated 274 as one of the cheapest places to live.

The index takes into consideration a number of expenses that most people have regularly. The cost of buying alcohol and tobacco is fairly high, with a ranking of 102. Clothing is very cheap, placing Ecuador at 246th on the index. This covers both adult and child’s clothing and shoes.

The cost of communications is on a par with most of the world and that includes landline and mobile telephones as well as the cost of an internet connection. Those who enjoy an evening out can visit a restaurant at one of the lowest costs in the world as Ecuador is ranked at 200th on the cost index. If you want to buy a DVD or go to the cinema then the country has an average ranking of 188th.

The cost of education is very low, as most of it is free in Ecuador and the country ranks at 228th in the world. The healthcare costs in Ecuador are also very low as many services are provided at a very low cost. Travelling costs are very reasonable at the prices on public transport are quite low.

When purchasing appliances and furniture for the home Ecuador is one of the cheapest countries in the world, despite the cost of importing some items and it ranks at 227th out of 282 countries. The cost of groceries puts the country close to the bottom of the list at 277th, making it one of the cheapest places in the world to go food shopping. Running a home and paying bills such as utilities and rent are very low, making the country very attractive to those who want to get more for their money. Buying personal care items is also very inexpensive as is the cost of miscellaneous items such as stationery.

Although the cost of groceries is reasonable priced the expats always have some favourite treat from home that they miss, these can often be found on the large number of web sites that sell all kinds of goods not available overseas and although they are not cheap and delivery times can be lengthy they are good for special occasions.

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