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ECON FACTBOOK

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Economy of Vanuatu

Population: 253 thousand in 20131

GDP: $835 million in 20132

GDP per capita: $3,277 nominal3 ($2,991 PPP4) in 2013

GDP growth rate: 2.0% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities23834.8%
Agriculture, hunting, forestry, fishing15022.0%
Wholesale, retail trade, restaurants and hotels14621.4%
Transport, storage and communication7811.5%
Construction294.2%
Manufacturing263.8%
Mining and utilities152.2%
Total value added682100%

Employment

Unemployment rate: 1.7% in 19997

Employment by Industry 20008

Employment sectorPercent of total
Agriculture65%
Services30%
Industry5%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $203 million (24% of GDP) in 201310

Central Government Expenditure: $201 million (24% of GDP) in 201310

Central Government Budget Balance: +$2 million (0% of GDP) in 201310

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 0% in 201411

Monetary Policy

Money Supply (M1): $247 million (30% of GDP) in 2013* 12

Benchmark Interest Rate: 5.25% in Nov 201413

Total Reserves: $173 million (21% of GDP) in 201114

Exchange Rate: 107 Vanuatu Vatu = 1 U.S. Dollar on Feb 24, 201515

Inflation: 1.4% in 201316

* Money supply calculated using the exchange rate 107 VUV = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $43 million (5% of GDP) in 201318

Imports: $319 million (38% of GDP) in 201318

Trade Balance: -$276 million (-33% of GDP) in 201318

Foreign Direct Investment Inflow: $32 million (4% of GDP) in 201319

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $101 million (12% of GDP) in 201220

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: Tax Foundation (Corporate tax rate) Go back
12. Source: World Bank Indicators (Money supply) Go back
13. Source: Reserve Bank of Vanuatu, Press Releases, RBV Reduces Policy Rate (Benchmark interest rate) Go back
14. Source: World Bank Indicators (Total reserves) Go back
15. Source: xe.com (Exchange rate) Go back
16. Source: World Bank Indicators (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back
19. Source: World Bank Indicators (FDI data) Go back
20. Source: World Bank Indicators (Aid data) Go back