About Vanuatu's economy

Vanuatu's economy is small and open, with limited diversification and a high reliance on agriculture, tourism, and foreign aid. The country's GDP in 2021 was estimated at US$956.3 million, with a per capita GDP of US$2,996.62. Vanuatu's main exports are copra, timber, beef, and cocoa. The country's main trading partners are Australia, New Zealand, and Singapore. Government procurement is an important sector of the Vanuatu economy, accounting for around 10% of GDP. The government is committed to increasing transparency and accountability in public procurement.

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