Saturday, June 26, 2010

Vanuatu, Port Vila Cost of Living April 2010

Country Full Name: Republic of Vanuatu.

Location: Vanuatu is a group of islands in the South Pacific Ocean, about three-quarters of the way from Hawaii to Australia.

Country Climate: Tropical; moderated by southeast trade winds from May to October; moderate rainfall from November to April; may be affected by cyclones from December to April.

Country Terrain: Mostly mountainous islands of volcanic origin; narrow coastal plains.

Major Languages: Bislama, French, English.

Major Religions: Christianity.

Country Population: 0.234 million (2008 est.) 0.241 million (2009 est.).

Country Economy: The economy of Vanuatu is built on agriculture, tourism, offshore financial services, and cattle raising. There is substantial fishing activity although this industry doesn't bring in much foreign exchange. Exports include copra, kava, beef, cocoa, and timber, and imports include machinery and equipment, foodstuffs, and fuels. Vanuatu is a tax haven, and offshore financing in Port Vila is an important part of the economy. Vanuatu is still dependent on foreign aid, most of which comes from Australia and New Zealand, although in recent years aid has also come from the People's Republic of China.

Currency: Vanuatu Vatu (VUV).

Country Inflation: 4.8% (2008 est.) 4.3% (2009 est.).

City: Port Vila is the capital and largest city of Vanuatu.

City Economy: Port Vila is the economic and commercial centre of Vanuatu. Port Vila is Vanuatu's most important harbour and the centre of the country's trade. The international airport, Bauerfield International (VLI) is also located in the city. Major industries in the city remain agriculture and fishing. Tourism is also becoming important, especially from Australia and New Zealand.
Cost of Living: Port Vila has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Port Vila is currently ranked 23 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Vanuatu, Port Vila