External balance on goods and services in Vanuatu
Vanuatu: External balance on goods and services was -294.46 million current US$ 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 US$.
Analysis
The most recent figure for external balance on goods and services in Vanuatu is -294.46 million current US$, measured in 2024.
Compared with earlier readings it is down 16.2% on the previous year and down 558.8% over ten years.
Over the whole period, external balance on goods and services in Vanuatu peaked at 4.44 million current US$ in 1997 and was at its lowest, -484.05 million current US$, in 2021.
Vanuatu ranks 93rd of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Vanuatu, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | -9.78 million current US$ | — |
| 1981 | -2.33 million current US$ | -76.1% |
| 1982 | -2.48 million current US$ | +6.4% |
| 1983 | -14.01 million current US$ | +463.9% |
| 1984 | -6.19 million current US$ | -55.8% |
| 1985 | -25.17 million current US$ | +306.8% |
| 1986 | -35.67 million current US$ | +41.7% |
| 1987 | -37.25 million current US$ | +4.4% |
| 1988 | -36.54 million current US$ | -1.9% |
| 1989 | -36.85 million current US$ | +0.8% |
| 1990 | -40.96 million current US$ | +11.2% |
| 1991 | -28.58 million current US$ | -30.2% |
| 1992 | -18.96 million current US$ | -33.7% |
| 1993 | -17.37 million current US$ | -8.4% |
| 1994 | -18.32 million current US$ | +5.5% |
| 1995 | -20.43 million current US$ | +11.5% |
| 1996 | -17.55 million current US$ | -14.1% |
| 1997 | 4.44 million current US$ | -125.3% |
| 1998 | -26.65 million current US$ | -700.7% |
| 1999 | -44.16 million current US$ | +65.7% |
| 2000 | -23.93 million current US$ | -45.8% |
| 2001 | -30.59 million current US$ | +27.8% |
| 2002 | -18.59 million current US$ | -39.2% |
| 2003 | -15.77 million current US$ | -15.1% |
| 2004 | -27.40 million current US$ | +73.7% |
| 2005 | -37.15 million current US$ | +35.6% |
| 2006 | -30.74 million current US$ | -17.3% |
| 2007 | -36.13 million current US$ | +17.5% |
| 2008 | -75.73 million current US$ | +109.6% |
| 2009 | -43.72 million current US$ | -42.3% |
| 2010 | -42.84 million current US$ | -2.0% |
| 2011 | -44.56 million current US$ | +4.0% |
| 2012 | -13.69 million current US$ | -69.3% |
| 2013 | -23.10 million current US$ | +68.8% |
| 2014 | -44.70 million current US$ | +93.5% |
| 2015 | -196.89 million current US$ | +340.5% |
| 2016 | -155.39 million current US$ | -21.1% |
| 2017 | -147.28 million current US$ | -5.2% |
| 2018 | -143.50 million current US$ | -2.6% |
| 2019 | -248.85 million current US$ | +73.4% |
| 2020 | -387.42 million current US$ | +55.7% |
| 2021 | -484.05 million current US$ | +24.9% |
| 2022 | -458.03 million current US$ | -5.4% |
| 2023 | -253.37 million current US$ | -44.7% |
| 2024 | -294.46 million current US$ | +16.2% |
Vanuatu compared with similar countries
- Vanuatu's -294.46 million current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 18% of the median. (45 countries reporting)
- Vanuatu's -294.46 million current US$ is below the median for East Asia & Pacific, which is -166.62 million current US$, 1.8× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -700.7% | 4.44 million current US$ | -26.65 million current US$ |
| 1983 | -463.9% | -2.48 million current US$ | -14.01 million current US$ |
| 2015 | -340.5% | -44.70 million current US$ | -196.89 million current US$ |
| 1985 | -306.8% | -6.19 million current US$ | -25.17 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -20.63 million current US$ | -37.25 million current US$ | -2.33 million current US$ | 10 |
| 1990s | -22.86 million current US$ | -44.16 million current US$ | 4.44 million current US$ | 10 |
| 2000s | -33.98 million current US$ | -75.73 million current US$ | -15.77 million current US$ | 10 |
| 2010s | -106.08 million current US$ | -248.85 million current US$ | -13.69 million current US$ | 10 |
| 2020s | -375.46 million current US$ | -484.05 million current US$ | -253.37 million current US$ | 5 |
Countries ranked near Vanuatu
- 90 Micronesia (country) -245.00 million current US$ compare
- 91 American Samoa -268.00 million current US$ compare
- 92 Tonga -283.48 million current US$ compare
- 94 Seychelles -311.50 million current US$ compare
- 95 Kiribati -319.40 million current US$ compare
- 96 Guinea-Bissau -332.34 million current US$ 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)
- 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Vanuatu?
- External balance on goods and services in Vanuatu was -294.46 million current US$ 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 4.44 million current US$ in 1997.
- What is the lowest external balance on goods and services recorded in Vanuatu?
- The lowest recorded value was -484.05 million current US$ in 2021.
- How does Vanuatu rank for external balance on goods and services?
- Vanuatu ranks 93rd 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 558.8%. 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 US$). 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 indicator is expressed in United States dollars.