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Vanuatu

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Country summary

Capital

Port-Vila (on Efate)

Borders

(N/A)

Government type

parliamentary republic

Population

218,519 (July 2010 est.)[1]

Population growth

1.398% (2010 est.)[1]

Life expectancy

63.98 years[1]

Unemployment

1.7% (1999)[1]

Index of Economic Freedom

108[2]

Corruption Perceptions Index

95[3]

Doing Business ranking

59[4]


Multiple waves of colonizers, each speaking a distinct language, migrated to the New Hebrides in the millennia preceding European exploration in the 18th century. This settlement pattern accounts for the complex linguistic diversity found on the archipelago to this day. The British and French, who settled the New Hebrides in the 19th century, agreed in 1906 to an Anglo-French Condominium, which administered the islands until independence in 1980, when the new name of Vanuatu was adopted.[1]

Economical characteristicsEdit

  • Currency: Vanuatu vatu (ISO code: VUV)
  • Central bank discount rate: 6% (31 December 2009)[1]
  • Commercial banks lending rate: 5.5% (31 December 2009 )[1]
  • Stock of money (M1): $101.6 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $430 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 251 245 235 230 280 330 370 413 507 590
Govt. debt (% of GDP)[6] 29.151
Govt. revenue (% of GDP)[7] 20.744
Govt. expenses (% of GDP)[8] 21.250
Debt to revenue (years) 1.405

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Vanuatu", from The World Facebook. Referenced 2010-10-05.
  2. Heritage Foundation. "Vanuatu", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. Transparency International. "Vanuatu", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-05.
  4. Doing Business. "Vanuatu", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  5. World Bank. "Vanuatu: GDP", from World Bank Data. Referenced 2010-10-05.
  6. World Bank. "Vanuatu: government debt", from World Bank Data. Referenced 2010-10-05.
  7. World Bank. "Vanuatu: government revenue", from World Bank Data. Referenced 2010-10-05.
  8. World Bank. "Vanuatu: government expenses", from World Bank Data. Referenced 2010-10-05.

External linksEdit

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