It is an island country located in the South Pacific Ocean. The archipelago, which is of volcanic origin, is 1,750 km (1,090 mi) east of northern Australia, 540 km (340 mi) northeast of New Caledonia, east of New Guinea, southeast of the Solomon Islands, and west of Fiji. Vanuatu was first inhabited by Melanesian people. The first Europeans to visit the islands were a Spanish expedition led by Portuguese navigator Fernandes de Queirós, who arrived on the largest island, Espíritu Santo, in 1606
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Economy:
Its economy is primarily agricultural; 80% of the population is engaged in agricultural activities that range from subsistence farming to smallholder farming of coconuts and other cash crops. Copra is by far the most important cash crop (making up more than 35% of Vanuatu's exports), followed by timber, beef, and cocoa. Kava root extract exports also have become important.In addition, the government has maintained the country's pre-independence status as a tax haven and international financial center
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vanuatu
