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The monthly minimum wage in Vanuatu is $323. Vanuatu has a national debt equal to 14.% of the country's gross domestic product (GDP) estimated in 2013. Based on consumer prices, inflation in Vanuatu is 1.9%. The currency of Vanuatu is Vanuatu Vatu. The plural form of the word Vanuatu vatu is vatus. The symbol used for this currency is Vt and is abbreviated as VUV. Consumers spend around $397 million every year. The ratio of consumer spending to GDP in Vanuatu is 49.63% and the ratio of consumer spending to world consumer market is 0.11%. Corporate income tax in Vanuatu is 0%. Personal income tax ranges from 0% to 0% depending on your specific situation and income level. VAT in Vanuatu is 12%. In 2013, Vanuatu received US$101.4 million in development aid. In 2014, foreign aid amounted to USD 92.1.
Gross domestic product Total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Vanuatu is US$683 billion. Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) per capita in Vanuatu was last recorded at $2,420,981. PPP in Vanuatu is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Vanuatu is 1 billion. Based on this statistic, Vanuatu is considered to be a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Vanuatu was last seen at $2,836. The average citizen in Vanuatu has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Vanuatu averaged 3.5% in 2014. According to this percentage, Vanuatu is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.
https://www.confiduss.com/en/jurisdictio...conomy/finance/
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