Annual GDP growth in Vanuatu
Vanuatu: Annual GDP growth was 2.2% in 2023. ◆ Volatile
Latest (2023)
2.2%
Change on year
up 15.1%
World rank
129th
of 211 countries
All-time high
8.5%
in 2006
All-time low
-5.2%
in 2002
Years of data
24
2000–2023
Annual GDP growth in Vanuatu, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Vanuatu is 2.2%, measured in 2023.
That represents a change of up 15.1% on the previous year and up 380.4% over ten years.
Over the whole period, annual gdp growth in Vanuatu peaked at 8.5% in 2006 and was at its lowest, -5.2%, in 2002.
Vanuatu ranks 129th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | -5.2% | 8.5% | 10 |
| 2010s | 2.7% | 0.4% | 6.3% | 10 |
| 2020s | -0.6% | -5.0% | 2.2% | 4 |
Countries ranked near Vanuatu
- 127 Greece 2.3% compare
- 128 Saint Kitts and Nevis 2.3% compare
- 129 Bosnia and Herzegovina 2.2% compare
- 129 Saint Lucia 2.2% compare
- 132 Jamaica 2.2% compare
More economy & growth data for Vanuatu
- External balance on goods and services as a percent of GDP -22.7% (2024)
- Inflation of consumer prices 0.7% (2025)
- GDP per capita 3,249 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.0% (2024)
- Gross domestic product (GDP) 1.09 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 3,249 constant 2015 US$ (2025)
- DEC alternative conversion factor 120.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 21.20 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 176.23 million current US$ (2025)
- Taxes less subsidies on products 15.82 billion current LCU (2024)
Frequently asked questions
- What is annual gdp growth in Vanuatu?
- Annual gdp growth in Vanuatu was 2.2% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Vanuatu?
- The highest recorded value was 8.5% in 2006.
- What is the lowest annual gdp growth recorded in Vanuatu?
- The lowest recorded value was -5.2% in 2002.
- How does Vanuatu rank for annual gdp growth?
- Vanuatu ranks 129th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Vanuatu?
- Over the last ten years it is up 380.4%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)