External balance on goods and services in Vanuatu
Vanuatu: External balance on goods and services was -22.7% 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 % of GDP.
Analysis
In 2024, external balance on goods and services in Vanuatu stood at -22.7%.
That represents a change of down 6.4% on the previous year and down 346.2% over ten years.
Over the whole period, external balance on goods and services in Vanuatu peaked at 1.6% in 1997 and was at its lowest, -44.3%, in 2021.
That places Vanuatu 161st out of 193 countries with data for 2024, putting it in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 1980 | -8.1% | — |
| 1981 | -2.1% | -74.6% |
| 1982 | -2.2% | +5.8% |
| 1983 | -11.9% | +450.0% |
| 1984 | -4.3% | -64.1% |
| 1985 | -19.1% | +345.8% |
| 1986 | -28.2% | +47.7% |
| 1987 | -26.7% | -5.3% |
| 1988 | -23.1% | -13.6% |
| 1989 | -23.9% | +3.7% |
| 1990 | -24.3% | +1.4% |
| 1991 | -14.2% | -41.5% |
| 1992 | -9.1% | -36.1% |
| 1993 | -8.7% | -4.5% |
| 1994 | -7.8% | -9.5% |
| 1995 | -8.2% | +4.5% |
| 1996 | -6.7% | -18.0% |
| 1997 | 1.6% | -124.2% |
| 1998 | -10.2% | -724.7% |
| 1999 | -16.5% | +62.2% |
| 2000 | -8.8% | -46.6% |
| 2001 | -11.9% | +34.8% |
| 2002 | -7.1% | -40.3% |
| 2003 | -5.0% | -29.1% |
| 2004 | -7.5% | +49.7% |
| 2005 | -9.4% | +25.3% |
| 2006 | -7.0% | -25.6% |
| 2007 | -7.0% | +0.0% |
| 2008 | -12.8% | +83.2% |
| 2009 | -7.4% | -42.4% |
| 2010 | -6.4% | -13.4% |
| 2011 | -5.8% | -9.4% |
| 2012 | -1.8% | -68.4% |
| 2013 | -2.7% | +46.2% |
| 2014 | -5.1% | +90.0% |
| 2015 | -23.0% | +352.8% |
| 2016 | -17.1% | -25.7% |
| 2017 | -14.7% | -13.7% |
| 2018 | -13.9% | -5.9% |
| 2019 | -23.4% | +69.0% |
| 2020 | -38.1% | +62.4% |
| 2021 | -44.3% | +16.2% |
| 2022 | -39.8% | -10.1% |
| 2023 | -21.3% | -46.4% |
| 2024 | -22.7% | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -15.0% | -28.2% | -2.1% | 10 |
| 1990s | -10.4% | -24.3% | 1.6% | 10 |
| 2000s | -8.4% | -12.8% | -5.0% | 10 |
| 2010s | -11.4% | -23.4% | -1.8% | 10 |
| 2020s | -33.2% | -44.3% | -21.3% | 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)
- Final consumption expenditure (constant 2015 US$), per capita 6,302 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 10.47 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.23 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 4,858 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 146.2 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 578,933 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 9.49 % 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 -22.7% 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 1.6% in 1997.
- What is the lowest external balance on goods and services recorded in Vanuatu?
- The lowest recorded value was -44.3% in 2021.
- How does Vanuatu rank for external balance on goods and services?
- Vanuatu ranks 161st 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 346.2%. 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 (% of GDP). 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 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.