Names: conventional long form: Republic of Vanuatu conventional short form: Vanuatu local long form: Ripablik blong Vanuatu local short form: Vanuatu former: New Hebrides
Capital City: Port-Vila (on Efate)
Population: 208,869 (July 2006 est.)
GDP Per Capita: $2,900 (2003 est.)
Currency: vatu (VUV)
Languages: local languages (more than 100) 72.6%, pidgin (known as Bislama or Bichelama) 23.1%, English 1.9%, French 1.4%, other 0.3%, unspecified 0.7% (1999 Census)
Total Area: total: 12,200 sq km land: 12,200 sq km water: 0 sq km note: includes more than 80 islands, about 65 of which are inhabited slightly larger than Connecticut
Region: Oceania
Industries: food and fish freezing, wood processing, meat canning
Agriculture: copra, coconuts, cocoa, coffee, taro, yams, fruits, vegetables; beef; fish
Resources: manganese, hardwood forests, fish
Labor Force:
76,410 (1999)
agriculture: 65% industry: 5% services: 30% (2000 est.)
Exports:
$34.11 million f.o.b. (2004 est.)
copra, beef, cocoa, timber, kava, coffee
Imports:
$117.1 million c.i.f. (2004 est.)
machinery and equipment, foodstuffs, fuels
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. GDP growth rose less than 3% on average in the 1990s. 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.
In 2007 Missouri exported $64,959 in goods to Vanuatu. This ranks Vanuatu 180th among the 223 international buyers of Missouri goods. Missouri exports to Vanuatu increased from the previous year by $23,940 a change of 58.36%. State exports to Vanuatu have increased over the last 5 years by $64,959 a change of 158.36%. Missouri exports account for .00%. of all 2007 US exports to Vanuatu.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | NA | NA | NA | 30,000 | 41,019 | 64,959 | |
| 000 - Total All Industries US | 852,512 | 1,266,994 | 9,467,203 | 9,117,939 | 9,059,099 | 23,948,479 | |