| NI-VANUATU ECONOMY STATS: |
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Agriculture > products
copra, coconuts, cocoa, coffee, taro, yams, coconuts, fruits, vegetables; fish, beef |
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Aid as % of GDP
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21.6% |
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[12th of 129]
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Definition: Economy > Aid as % of GDP |
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Source: CIA World Factbook, 28 July 2005 |
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Current account balance
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-$60,000,000.00 |
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[73rd of 181]
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Definition: Economy > Current account balance |
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Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
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Debt > External
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$81,200,000.00 |
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[26th of 136]
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Definition: Economy > Debt > External |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
This South Pacific island economy is based primarily on small-scale agriculture, which provides a living for 65% of the population. Fishing, offshore financial services, and tourism, with more than 60,000 visitors in 2005, 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. |
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Definition: Economy > Economy > Overview |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
vatu per US dollar - 111.79 (2004), 122.19 (2003), 139.2 (2002), 145.31 (2001), 137.64 (2000) |
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Definition: Economy > Exchange rates |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$40,000,000.00 |
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[180th of 189]
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Definition: Economy > Exports |
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Source: CIA World Factbook, 28 July 2005 |
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Exports to US
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$200,000.00 |
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[196th of 224]
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Definition: Economy > Exports to US |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$387,506,300.00 |
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[161st of 203]
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Definition: Economy > GDP |
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Source: US Census Bureau |
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GDP (purchasing power parity)
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$897,000,000.00 |
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[181st of 187]
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Definition: Economy > GDP (purchasing power parity) |
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Source: World Development Indicators database and CIA World Factbook |
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GDP > PPP
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$622,000,000.00 |
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[161st of 163]
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Definition: Economy > GDP > PPP |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Real growth rate
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5% |
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[106th of 198]
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Definition: Economy > GDP > Real growth rate |
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Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
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2.8 annual %
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[125th of 187]
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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP per capita, PPP > current international $
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3,225.05 PPP $
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[107th of 169]
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Definition: Economy > GDP per capita, PPP > current international $ |
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Source: World Development Indicators database |
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Gross National Income
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$212,096,000.00 |
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[164th of 172]
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Definition: Economy > Gross National Income |
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Source: World Development Indicators database |
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Gross national income > constant LCU
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11826460000 |
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Definition: Economy > Gross national income > constant LCU |
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Human Development Index
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0.659 |
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[119th of 178]
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Definition: Economy > Human Development Index |
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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3.9% |
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[116th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Source: Human Development Report 2006, United Nations Development Programme |
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Total reserves minus gold > current US$
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67,197,570 $
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[166th of 178]
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Definition: Economy > Total reserves minus gold > current US$ |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
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49,000 |
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[132nd of 152]
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Definition: Economy > Tourist arrivals |
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Source: World Development Indicators database |
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