or VP [Edward NATAPEI]; Vanuatu Republican Party or VRP
[Maxime Carlot KORMAN]; Vanuatu Greens Party or VGP [Moana CARCASSES]
Political pressure groups and leaders:
NA
International organization participation:
ACCT, ACP, AsDB, C, FAO, G-77, IBRD, ICAO, ICFTU, ICRM, IDA, IFC,
IFRCS, ILO, IMF, IMO, IOC, ITU, MIGA, NAM, PIF, Sparteca, UN,
UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WMO, WTO (observer)
Diplomatic representation in the US:
Vanuatu does not have an embassy in the US; it does, however, have
a Permanent Mission to the UN
Diplomatic representation from the US:
the US does not have an embassy in Vanuatu; the ambassador to Papua
New Guinea is accredited to Vanuatu
Flag description:
two equal horizontal bands of red (top) and green with a black
isosceles triangle (based on the hoist side) all separated by a
black-edged yellow stripe in the shape of a horizontal Y (the two
points of the Y face the hoist side and enclose the triangle);
centered in the triangle is a boar's tusk encircling two crossed
namele leaves, all in yellow
Economy Vanuatu
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 about 50,000
visitors in 2004, 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. 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):
$580 million (2003 est.)
GDP - real growth rate:
1.1% (2003 est.)
GDP - per capita:
purchasing power parity - $2,900 (2003 est.)
GDP - composition by sector:
agriculture: 26%
industry: 12%
services: 62% (2000 est.)
Labor force:
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