Vanuatu

Phone Code: 00678

Root-level Domain Code: .vu

CIA Info

Background: Multiple waves of colonizers, each speaking a distinct language, migrated to the New Hebrides in the millennia preceeding 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.

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 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.

Geography Note: a Y-shaped chain of four main islands and 80 smaller islands; several of the islands have active volcanoes

Location: Oceania, group of islands in the South Pacific Ocean, about three-quarters of the way from Hawaii to Australia

Natural Resources: manganese, hardwood forests, fish

Geographic Coordinates: 16 00 S, 167 00 E

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