Attribute | Value |
---|---|
Geography | |
Area | 12,189 km² |
Continent | Australia |
Land area | 12,189 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 2,528 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 1,877 m |
People | |
Population | 298,333 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Republic of Vanuatu |
Short country name | Vanuatu |
Long local name | Ripablik blong Vanuatu |
Short local name | Vanuatu |
Former name |
|
Government type | Parliamentary republic |
Capital | Port-Vila |
Economy | |
GDP (PPP) | 772,000,000 USD |
GDP (OER) | 870,000,000 USD |
GDP (real growth rate) | 4.2 % |
GDP - per capita (PPP) | 2,700 USD |
Gross national saving | Add |
Labor force | 115,900 |
Unemployment rate | 1.7 % |
Population below poverty line | Add |
Budget revenues | 236,700,000 USD |
Budget expenditures | 244,100,000 USD |
Military expenditures | Add |
Taxes and other revenues | 27.2 % of GDP |
Budget surplus or deficit | -0.9 % of GDP |
Public debt | 48.4 % of GDP |
Inflation rate | 3.1 % |
Central bank discount rate | 20 % |
Commercial bank prime lending rate | 3.2 % |
Stock of narrow money | 424,700,000 USD |
Stock of broad money | 424,700,000 USD |
Stock of domestic credit | 494,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -13,000,000 USD |
Exports | 44,700,000 USD |
Imports | 273,700,000 USD |
Reserves of foreign exchange and gold | 395,100,000 USD |
External debt | 200,500,000 USD |
National currency | vatu |
National currency (code) | VUV |
National currency (symbol) | VT |
National currency rate to USD | 109.7 |
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. Politics and society continue to be divided along linguistic lines, although those divisions are lessening over time. Coalition governments tend to be weak, and since 2008, prime ministers have been ousted through no-confidence motions or temporary procedural issues 10 times. Prime Minister Charlot SALAWI has survived four no-confidence motions since taking office in 2016.