Economy - overview:
This South Pacific island economy is based primarily on small-scale agriculture, which provides a living for about two-thirds of the population. Fishing, offshore financial services, and tourism, with nearly 197,000 visitors in 2008, are other mainstays of the economy. Mineral deposits are negligible; the country has no known petroleum deposits. A small light industry sector caters to the local market. Tax revenues come mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, vulnerability to natural disasters, and long distances from main markets and between constituent islands. In response to foreign concerns, the government has promised to tighten regulation of its offshore financial center. In mid-2002, the government stepped up efforts to boost tourism through improved air connections, resort development, and cruise ship facilities. Agriculture, especially livestock farming, is a second target for growth. Australia and New Zealand are the main suppliers of tourists and foreign aid.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Vanuatu on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Vanuatu Economy 2013 information contained here. All suggestions for corrections of any errors about Vanuatu Economy 2013 should be addressed to the CIA.
$1.237 billion (2012 est.)
country comparison to the world: 202
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$761 million (2012 est.)
2.6% (2012 est.)
country comparison to the world: 125
$4,900 (2012 est.)
country comparison to the world: 157
note:
data are in 2012 US dollars
agriculture: 20.6%
industry:
11.7%
services:
67.6% (2012 est.)
115,900 (2007)
country comparison to the world: 181
agriculture: 65%
industry:
5%
services:
30% (2000 est.)
1.7% (1999)
country comparison to the world: 8
NA%
lowest 10%: NA%
highest 10%:
NA%
revenues: $188.2 million
expenditures:
$207.4 million (2012 est.)
24.7% of GDP (2012 est.)
country comparison to the world: 129
-2.5% of GDP (2012 est.)
country comparison to the world: 88
2.8% (2012 est.)
country comparison to the world: 71
20% (31 December 2010 est.)
country comparison to the world: 60
6% (31 December 2012 est.)
country comparison to the world: 151
$284.6 million (31 December 2012 est.)
country comparison to the world: 173
$610.8 million (31 December 2012 est.)
country comparison to the world: 174
$522.4 million (31 December 2012 est.)
country comparison to the world: 169
$NA
copra, coconuts, cocoa, coffee, taro, yams, fruits, vegetables; beef; fish
food and fish freezing, wood processing, meat canning
-$126.9 million (2011 est.)
country comparison to the world: 70
$67.4 million (2011 est.)
country comparison to the world: 196
copra, beef, cocoa, timber, kava, coffee
Thailand 57.3%, Japan 21.8% (2011)
$310.2 million (2011 est.)
country comparison to the world: 198
machinery and equipment, foodstuffs, fuels
China 26.7%, Singapore 21.2%, Australia 13.6%, NZ 7.2%, Fiji 6.7%, Japan 5.4% (2011)
$173.8 million (31 December 2011 est.)
country comparison to the world: 158
$307.7 million (31 December 2011 est.)
country comparison to the world: 178
$527.1 million (31 December 2011 est.)
country comparison to the world: 97
$23.34 million (31 December 2011 est.)
country comparison to the world: 87
vatu (VUV) per US dollar -
calendar year
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 11-Mar-13