December
2002 Press Releases
International Trade
The value of exports increased significantly in the December quarter 2002.
The total export earnings increased by 36.2 per cent in the December quarter
compared to a 21.2 per cent drop in the previous quarter. The increase in exports
were mainly reflected in coconut oil (23.6 per cent), Cocoa (718 per cent),
timber (115 per cent) and other agricultural products (161 per cent).
Expenditure on imports increased by 5.6 per cent to 339 million Vatu in the
December quarter 2002 over the previous quarter.
The merchandise trade balance, excluding re-exports, amounted to 192 million
Vatu in the December quarter 2002. This was a slight improvement when
compared with the previous quarter, which recorded a trade deficit of 277
million Vatu.
To the international trade press release, including statistical table ... 
To top page
Tourism and Migration
The performance of the tourism industry continues to be negative. In the
December quarter 2002, tourist arrivals decreased by 1230or 8.7 per cent over
the September quarter 2002 and dropped by 0.2 per cent when compared with the
corresponding period last year.
Cruise ship arrivals dropped 11.1 per cent, when compared with an increase of
3.5 per cent in the December quarter last year.
Tourism arrivals from all major countries declined during the December
quarter 2002.
To the tourism and migration press release, including statistical table ...
To top page
Consumer Price Index
The consumer price index increased by 0.3 per
cent in the December quarter over the September quarter 2002 and by 2.3 per cent
over the corresponding period last year. The point to point change of the
index, which measures the change in index in the December quarter to the
corresponding index value in the December quarter in the previous year, showed
an increase of 4.1 per cent in 2002 compared with a rise of 2.3 per cent in
2001.
The Consumer price index for Port Vila
registered an increase of 0.1 per cent over the previous quarter while the
corresponding increase for Luganville was 0.5 per cent. These price changes
reflect a much higher inflation rate for Vila compared with the respective rate
in Luganville.
To the Consumer Price Index press release, including statistical table ...
To top page
| 