External balance on goods and services in Vanuatu
Vanuatu: External balance on goods and services was -35.09 billion current LCU in 2024. ◆ Volatile
External balance on goods and services in Vanuatu, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, external balance on goods and services in Vanuatu stood at -35.09 billion current LCU.
Compared with earlier readings it is down 16.3% on the previous year and down 708.7% over ten years.
Over the whole period, external balance on goods and services in Vanuatu peaked at 514.00 million current LCU in 1997 and was at its lowest, -52.98 billion current LCU, in 2021.
Vanuatu ranks 124th of 193 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.
External balance on goods and services in Vanuatu, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | -668.00 million current LCU | — |
| 1981 | -205.00 million current LCU | -69.3% |
| 1982 | -239.00 million current LCU | +16.6% |
| 1983 | -1.39 billion current LCU | +482.4% |
| 1984 | -614.00 million current LCU | -55.9% |
| 1985 | -2.67 billion current LCU | +334.7% |
| 1986 | -3.82 billion current LCU | +43.1% |
| 1987 | -4.09 billion current LCU | +7.1% |
| 1988 | -3.82 billion current LCU | -6.7% |
| 1989 | -4.28 billion current LCU | +12.1% |
| 1990 | -4.79 billion current LCU | +12.1% |
| 1991 | -3.19 billion current LCU | -33.4% |
| 1992 | -2.15 billion current LCU | -32.6% |
| 1993 | -2.11 billion current LCU | -1.8% |
| 1994 | -2.13 billion current LCU | +1.0% |
| 1995 | -2.29 billion current LCU | +7.4% |
| 1996 | -1.96 billion current LCU | -14.4% |
| 1997 | 514.00 million current LCU | -126.2% |
| 1998 | -3.40 billion current LCU | -761.1% |
| 1999 | -5.70 billion current LCU | +67.7% |
| 2000 | -3.29 billion current LCU | -42.2% |
| 2001 | -4.45 billion current LCU | +34.9% |
| 2002 | -2.59 billion current LCU | -41.8% |
| 2003 | -1.93 billion current LCU | -25.5% |
| 2004 | -3.06 billion current LCU | +59.0% |
| 2005 | -4.06 billion current LCU | +32.5% |
| 2006 | -3.40 billion current LCU | -16.2% |
| 2007 | -3.70 billion current LCU | +8.8% |
| 2008 | -7.67 billion current LCU | +107.3% |
| 2009 | -4.67 billion current LCU | -39.2% |
| 2010 | -4.15 billion current LCU | -11.1% |
| 2011 | -3.99 billion current LCU | -4.0% |
| 2012 | -1.27 billion current LCU | -68.2% |
| 2013 | -2.18 billion current LCU | +72.2% |
| 2014 | -4.34 billion current LCU | +98.7% |
| 2015 | -21.46 billion current LCU | +394.6% |
| 2016 | -16.86 billion current LCU | -21.5% |
| 2017 | -15.88 billion current LCU | -5.8% |
| 2018 | -15.81 billion current LCU | -0.4% |
| 2019 | -28.55 billion current LCU | +80.6% |
| 2020 | -44.70 billion current LCU | +56.6% |
| 2021 | -52.98 billion current LCU | +18.5% |
| 2022 | -52.84 billion current LCU | -0.3% |
| 2023 | -30.18 billion current LCU | -42.9% |
| 2024 | -35.09 billion current LCU | +16.3% |
Vanuatu compared with similar countries
- Vanuatu's -35.09 billion current LCU is above the median for lower middle income countries, which is -57.12 billion current LCU, 61% of the median. (45 countries reporting)
- Vanuatu's -35.09 billion current LCU is below the median for East Asia & Pacific, which is -190.00 million current LCU, 184.7× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -761.1% | 514.00 million current LCU | -3.40 billion current LCU |
| 1983 | -482.4% | -239.00 million current LCU | -1.39 billion current LCU |
| 2015 | -394.6% | -4.34 billion current LCU | -21.46 billion current LCU |
| 1985 | -334.7% | -614.00 million current LCU | -2.67 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -2.18 billion current LCU | -4.28 billion current LCU | -205.00 million current LCU | 10 |
| 1990s | -2.72 billion current LCU | -5.70 billion current LCU | 514.00 million current LCU | 10 |
| 2000s | -3.88 billion current LCU | -7.67 billion current LCU | -1.93 billion current LCU | 10 |
| 2010s | -11.45 billion current LCU | -28.55 billion current LCU | -1.27 billion current LCU | 10 |
| 2020s | -43.16 billion current LCU | -52.98 billion current LCU | -30.18 billion current LCU | 5 |
Countries ranked near Vanuatu
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.79 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 8.5 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.86 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 211.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0222 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 88.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Vanuatu?
- External balance on goods and services in Vanuatu was -35.09 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Vanuatu?
- The highest recorded value was 514.00 million current LCU in 1997.
- What is the lowest external balance on goods and services recorded in Vanuatu?
- The lowest recorded value was -52.98 billion current LCU in 2021.
- How does Vanuatu rank for external balance on goods and services?
- Vanuatu ranks 124th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Vanuatu?
- Over the last ten years it is down 708.7%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.