Economy of Vanuatu

Economy of Vanuatu
	A market in Port Vila.
Currency	Vanuatu vatu
Country group	Developing/Emerging
Statistics
GDP	$0.888 billion (nominal, 2021 est.); $0.888 billion (PPP, 2021 est.);
GDP growth	3.5% (2016) 4.4% (2017); 3.2% (2018e) 3.8% (2019e);
GDP per capita	$3,255 (nominal, 2018 est.); $2,863 (PPP, 2018 est.);
Inflation (CPI)	2.863% (2018 est.)
	All values, unless otherwise stated, are in US dollars.

Vanuatu's economy is primarily agricultural; 80% of the population is engaged in agricultural activities that range from subsistence farming to smallholder farming of coconuts and other cash crops.

Copra is by far the most important cash crop (making up more than 35% of Vanuatu's exports), followed by timber, beef, and cocoa. Kava root extract exports also have become important.