Vanuatu Economy : Vanuatu  

Vanuatu Economy - Travel guide

Economy of Vanuatu

Vanuatu Economy

The economy is based primarily on subsistence or small-scale agriculture, which provides a living for 65% of the population. Fishing, offshore financial services, and tourism (with about 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 and a 12.5 percent Value Added Tax (VAT) on goods and services.