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Vanuatu’s
economy, like many traditional societies, is based on produce from the
land. Staple foods are mostly root crops; yam, taro and manioc but
seasonal fruits like breadfruit, coconuts and bananas are important
mainstays. While Vanuatu’s economic growth is starting to become more
broadly-based, it rem ains centered on the tourism,
land development and construction industries.
Services dominate the economy, but there remains a heavy reliance on
agriculture (18% of GDP). Over 80% of Vanuatu's locally-produced
exports are agriculture-based, led by coconut oil (31.1%), copra
(13.5%), kava (13.4%), beef (8.7%) and timber (7.5%). Growth is
difficult with high transportation costs, an economic infrastructure
which is undeveloped, and cyclone damage which is common.
Two economic systems operate side by side in Vanuatu: the subsistence
economy and the cash economy. The vast majority of the population, 80%
of whom reside in rural areas, is engaged in subsistence agriculture,
growing food crops and harvesting f orest and marine resources for
personal consumption, exchange and gifting. Most ni-Vanuatu then are
subsistence farmers who do cash cropping on the side. As all the
necessities of life are available locally, the cash economy is a minor
component of their economic activity.

Coconut, while being an important export crop is also one of many items
that make up the diet of ni Vanuatu whose food in daily life consists
of staples such as yam, taro, banana, sugarcane, tropical nuts, greens,
pigs, fowl, and seafood. Early Western contact saw other tropical crops
(manioc, plantain, sweet potato, papaya, mango and watermelon) and
temperate crops (cabbage, beans, corn, peppers, carrots, pumpkin) added
to the diet. Rural people typically produce most of what they eat,
supplementing this with rice and tinned fish purchased in stores. The
urban diet relies on rice, bread, and tinned fish supplemented with
rural products.
A memorable sight in Port Vila is the colourful market with its many
vendors selling a large variety of crops and fruit as well
as clothing and souvenirs. Most women (with children in tow) travel
many kilometres for the market days, sleeping on-site and trading with
locals, expatriates and tourists. Luganville also has a market where
goods of a similar nature are sold.
The issue is available as single stamps, in sets of five and also on
First Day Cover (with stamp set) only.
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