Vanuatu

Vanuatu's economy is mainly based on agriculture; 80% of the population is engaged in agricultural activities, which range from subsistence farming to small-scale farming of coconuts and other crops.

Copra is the most important crop (accounting for more than 35% of Vanuatu's exports), followed by wood, beef and cocoa in importance.

Tourism is the fastest growing sector in Vanuatu.

Fishing provides the domestic market with 80 tons of fish per year; a small amount is exported. Trochus is also being bred (approximately 100 tons per year), which is exported.

Replenishment of the state budget is also carried out by issuing licenses to foreign vessels for the right to fish in the exclusive coastal economic zone. Tuna fishing has been carried out by Japanese, Taiwanese and Korean vessels since the mid-1950s.

In the International Shipping Register, as of 2001, 524 vessels sailed under the flag of Vanuatu, 99 of which were fishing.

GDP — composition by sector: agriculture: 20.6%, industry: 11.7%, services: 67.6%.