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: Investment (gross fixed): 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: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Vanuatu on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Vanuatu Economy 2012 information contained here. All suggestions for corrections of any errors about Vanuatu Economy 2012 should be addressed to the CIA.
$1.224 billion (2011 est.)
country comparison to the world: 198
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$800 million (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
3.8% (2011 est.)
country comparison to the world: 104
[see also: GDP - real growth rate country ranks ]
$4,900 (2011 est.)
country comparison to the world: 149
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 21.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 10.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 68.4% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
115,900 (2007)
country comparison to the world: 180
[see also: Labor force country ranks ]
agriculture: 65%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 30% (2000 est.)
[see also: Labor force - by occupation - services country ranks ]
1.7% (1999)
country comparison to the world: 9
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
22.3% of GDP (2011 est.)
country comparison to the world: 86
[see also: Investment (gross fixed) country ranks ]
revenues: $78.7 million
[see also: Budget revenues country ranks ]
expenditures: $72.23 million (2005 est.)
[see also: Budget expenditures country ranks ]
9.8% of GDP (2005 est.)
country comparison to the world: 207
[see also: Taxes and other revenues country ranks ]
0.8% of GDP (2005 est.)
country comparison to the world: 31
[see also: Budget surplus (+) or deficit (-) country ranks ]
3.4% (2011 est.)
country comparison to the world: 68
[see also: Inflation rate (consumer prices) country ranks ]
20% (31 December 2010 est.)
country comparison to the world: 64
[see also: Central bank discount rate country ranks ]
5.8% (31 December 2011 est.)
country comparison to the world: 154
[see also: Commercial bank prime lending rate country ranks ]
$163.2 million (31 December 2011 est.)
country comparison to the world: 180
[see also: Stock of narrow money country ranks ]
$639.5 million (31 December 2011 est.)
country comparison to the world: 174
[see also: Stock of broad money country ranks ]
$495.6 million (31 December 2011 est.)
country comparison to the world: 168
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
copra, coconuts, cocoa, coffee, taro, yams, fruits, vegetables; beef; fish
food and fish freezing, wood processing, meat canning
43 million kWh (2008 est.)
country comparison to the world: 203
[see also: Electricity - production country ranks ]
39.99 million kWh (2008 est.)
country comparison to the world: 204
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 207
[see also: Oil - production country ranks ]
1,000 bbl/day (2010 est.)
country comparison to the world: 202
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 198
[see also: Oil - exports country ranks ]
761.1 bbl/day (2009 est.)
country comparison to the world: 196
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 107
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 114
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 153
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 103
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 174
[see also: Natural gas - proved reserves country ranks ]
-$60 million (2007 est.)
country comparison to the world: 70
[see also: Current account balance country ranks ]
$40 million (2006)
country comparison to the world: 199
[see also: Exports country ranks ]
copra, beef, cocoa, timber, kava, coffee
Thailand 57.4%, Japan 24.8% (2010)
$156 million (2006)
country comparison to the world: 205
[see also: Imports country ranks ]
machinery and equipment, foodstuffs, fuels
Australia 18.4%, Singapore 17.6%, Japan 12.9%, NZ 8.6%, Fiji 8.2%, China 6.2%, US 5.2%, New Caledonia 4.6% (2010)
$161.4 million (31 December 2010 est.)
country comparison to the world: 171
[see also: Reserves of foreign exchange and gold country ranks ]
$81.2 million (2004)
country comparison to the world: 187
[see also: Debt - external country ranks ]
vatu (VUV) per US dollar -
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 07-Mar-12