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VFSC: Home »  About Us »  Key Indicators
 
Key Indicators

History

Archaeological evidence supports that people first came to the islands some 4,000 years ago. However, pottery fragments have been found dating back to 1300 B.C. The first island in the Vanuatu group discovered by Europeans was Espiritu Santo. In 1774, Captain Cook named the islands the New Hebrides, which France and the United Kingdom jointly administered until the country became independence in 1980.

Politics

Vanuatu has a republican political system which is currently headed by a President who is elected for 5-year terms by a two-thirds majority in an electoral college. This Electoral College consists of members of Parliament and the presidents of Regional Councils. The prime minister and the Council of Ministers constitute the executive government.

Economy

The economy is based primarily on household farming agriculture, which provides a living for 65% of the population. Fishing, forestry, offshore financial services, and tourism are other mainstays of the economy. Government revenues come mainly from import duties and a 12.5 percent Value Added Tax (VAT) on goods and services. The country depends on relatively few commodity exports such as copra, beef and forestry products.

Religion

Christianity is the predominant religion in Vanuatu, consisting of several denominations. The Presbyterians are the largest (33% of the population) followed by Roman Catholics (15%), and Anglican (15%). There are many other religious sects and denominations.

Political Structure

Official name Republic of Vauatu
Form of state Parliamentary based on the UK model
The executive Council of Ministers, made up of 12 members Parliament chosen by the Prime Minister who is in turn elected by parliament from among its members.
National legislature Unicameral parliament of 52 members, elected for four-year term on a universal franchise containing an element of proportional representation.
Regional legislature District councils of chiefs, exists alongside Parliament to discuss and be consulted on matters relating to custom and tradition.
Legal system A system of magistrates’ court leading up to Supreme Court.
 

Vanuatu Public Holiday (2011)

 
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