Vanuatu - Income



The US Central Intelligence Agency (CIA) reports that in 2000 Vanuatu's gross domestic product (GDP) was estimated at $257 million. The per capita GDP was estimated at $1,300. The annual growth rate of GDP was estimated at 2.7%. The average inflation rate in 2000 was 2.5%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 26% of GDP, industry 12%, and services 62%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $10.9 million or about $95 per capita and accounted for approximately 8.2% of GDP. Worker remittances in 2001 totaled $15.8 million. Foreign aid receipts amounted to about $157 per capita and accounted for approximately 15% of the gross national income (GNI). Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings.

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