1. Economy and Economic Development Catlin, Kelly, and Erin

2. How they Live… Main Business Sectors Agriculture Main Products Copra, cocoa, coffee, cattle, timber, kava(root) Copra is dried coconut albumen, main cash crop Fisheries Tourism Exporting

3. Economic Growth Tourism Very rapid growth in this area Vast increase in total # of Tourists that come in everyday. Via Airline, Cruise Ship Positive sign of Economic Growth 2005: Year of Tourism Over 50,000 visitors in 1997

4. Currency Vatu(VT) Exchange Rate 100 Vatu = 0.927 US Dollars 100 Vatu = 1.309 New Zealand Dollars If you have remaining NZ money! As of September 9th 2005 Other currencies may be accepted at shops and restaurants (US or Australian mainly)

5. Inflation/Imports/Exports Interest rates on the rise. From 1996 to 1997 Total inflation up 2.8% Clothing and Footwear prices up 6.7% Transport and Communications up 5.4% Imports Prices in Vanuatu determined by Australian imports and inflation rates $138 million in 2002 Exports $79 million in 2002

6. Basic Economy GDP Equaled $563 million (2003) is the total value of final goods and services produced within a country's borders in a year United States GDP equaled $10.4 trillion Tourism speaks for 40% of GDP in 2003 Agricultural Exports make up 20% of GDP Per Capita Income = $1,180 (2003)

7. Resources http://www.photius.com/rankings/gdp_ 2003_0.html http://www.traveldocs.com/vu/econom y.htm http://www.appliedlanguage.com/coun try_guides/vanuatu_country_economy.shtml