Current account balance in Vanuatu
Vanuatu: Current account balance was -11.1% in 2022. ◆ Volatile
Current account balance in Vanuatu, 1982–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Vanuatu recorded -11.1% for current account balance in 2022.
The figure is down 60.4% on the previous year and down 20.6% over ten years.
Over the whole period, current account balance in Vanuatu peaked at 6.9% in 2019 and was at its lowest, -24.0%, in 2008.
Vanuatu ranks 173rd of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Vanuatu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | -6.4% | — |
| 1983 | -7.1% | +10.4% |
| 1984 | 4.7% | -166.0% |
| 1985 | -7.9% | -268.7% |
| 1986 | -9.2% | +17.6% |
| 1987 | -7.4% | -19.9% |
| 1988 | -6.2% | -16.2% |
| 1989 | -8.0% | +28.1% |
| 1990 | -3.7% | -54.0% |
| 1991 | -5.1% | +39.2% |
| 1992 | -4.6% | -9.3% |
| 1993 | -5.8% | +26.0% |
| 1994 | -7.9% | +36.0% |
| 1995 | -7.3% | -7.6% |
| 1996 | -10.3% | +40.8% |
| 1997 | -7.1% | -31.2% |
| 1998 | 2.2% | -131.0% |
| 1999 | -4.9% | -322.3% |
| 2000 | 1.8% | -137.6% |
| 2001 | 0.7% | -61.6% |
| 2002 | -6.5% | -1021.1% |
| 2003 | -7.0% | +8.5% |
| 2004 | -6.1% | -12.7% |
| 2005 | -8.6% | +40.2% |
| 2006 | -6.9% | -20.4% |
| 2007 | -6.7% | -2.8% |
| 2008 | -24.0% | +259.6% |
| 2009 | 1.7% | -107.2% |
| 2010 | -6.3% | -462.5% |
| 2011 | -7.9% | +25.9% |
| 2012 | -9.2% | +15.9% |
| 2013 | -0.6% | -93.5% |
| 2014 | 0.5% | -180.7% |
| 2015 | -13.4% | -2882.2% |
| 2016 | -7.8% | -42.1% |
| 2017 | -7.1% | -8.5% |
| 2018 | 2.9% | -140.4% |
| 2019 | 6.9% | +141.2% |
| 2020 | -5.7% | -182.4% |
| 2021 | -6.9% | +21.3% |
| 2022 | -11.1% | +60.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -5.9% | -9.2% | 4.7% | 8 |
| 1990s | -5.5% | -10.3% | 2.2% | 10 |
| 2000s | -6.2% | -24.0% | 1.8% | 10 |
| 2010s | -4.2% | -13.4% | 6.9% | 10 |
| 2020s | -7.9% | -11.1% | -5.7% | 3 |
Countries ranked near Vanuatu
- 170 Mauritania -9.6% compare
- 171 Mongolia -10.4% compare
- 172 Mozambique -11.0% compare
- 174 Rwanda -12.0% compare
- 175 Antigua and Barbuda -12.0% compare
- 176 Namibia -13.4% compare
More economy & growth data for Vanuatu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2699 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 11.01 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1111 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 439.9 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 11.01 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 11.99 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 47,480 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 6.95 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5676 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance in Vanuatu?
- Current account balance in Vanuatu was -11.1% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Vanuatu?
- The highest recorded value was 6.9% in 2019.
- What is the lowest current account balance recorded in Vanuatu?
- The lowest recorded value was -24.0% in 2008.
- How does Vanuatu rank for current account balance?
- Vanuatu ranks 173rd out of 199 countries with data for 2022.
- Is current account balance rising or falling in Vanuatu?
- Over the last ten years it is down 20.6%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.