Vanuatu or the Republic of Vanuatu is an island country in the South Pacific Ocean. The volcanic archipelago, 1750 km east of Australia, is located 500 km southeast of New Caledonia, west of Fiji, southeast of the Solomon Islands, near the island of New Guinea. Vanuatu is an island and neighboring the sea with Fiji, New Caledonia and Solomon Islands. The Capital is Port Vila.
The Economy of Vanuatu
Vanuatu’s Area Code: +678
Vanuatu's Currency: Vanuatu Vatu
Cities of Vanuatu: Port Vila, Luganville, Avire, Bunlap, Forari, Ipikil, Ipota, Isangel, Lakatoro, Lamap, Loltong, Longana, Lenakel, Norsup, Port Olry Van
Vanuatu is comprised of 83 islands, 80 percent of which are settled, and the difficulties encountered in transportation constitute one of the main problems facing the region.
Exported products by Vanuatu
The economy of Vanuatu is largely based on agriculture, fishing, tourism and financial services. The majority of the people earn their living from the agriculture sector. In recent years, the export of timber, cocoa, beef and fish has been increased. Foreign trade deficit, tourism revenues and foreign aid is trying to close.
The agricultural sector has a share of 25 percent in the GDP, 12 percent in the industrial sector, and 63 percent in the services sector (including tourism). Manufacturing industry mainly consists of canned meat, fruit juice bottling and furniture manufacturing. Along with the developments in the tourism sector, there is also activity in the real estate market and in the construction sector. In addition, the Hurricane Pam in March 2015 was particularly affected by agriculture and tourism.
Tug boats, Non-fillet Frozen Fish, Passenger and Cargo Ships, Dried Coconut and Fishing Ships.
Vanuatu Imports Products
Passenger and Cargo Ships, Refined Oil, Airplanes, Helicopters and / or Space, Delivery Trucks and Surveying Equipment.
Export Countries of Vanuatu
Mauritania, Japan, South Korea, Thailand and the Philippines.
Import Countries of Vanuatu
China, Australia, Fiji, New Zealand and Japan.
Nationals living in Vanuatu
90% of the population is Malinezians from the indigenous people, 3% from Polynesian and Micronezians constitute the few remaining migrant workers from the French, British, Vietnamese, Chinese and other islands in the Pacific.
Languages spoken in Vanuatu
Official languages; There are three official languages, Bislama, English and French.