Final consumption expenditure in Vanuatu
Vanuatu: Final consumption expenditure was 2.07 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Vanuatu recorded 2.07 billion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 145.3% over ten years.
Over the whole period, final consumption expenditure in Vanuatu peaked at 2.07 billion constant 2015 US$ in 2024 and was at its lowest, 620.74 million constant 2015 US$, in 2002.
That places Vanuatu 159th out of 172 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Final consumption expenditure in Vanuatu, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2002 | 620.74 million constant 2015 US$ | — |
| 2003 | 631.86 million constant 2015 US$ | +1.8% |
| 2004 | 640.94 million constant 2015 US$ | +1.4% |
| 2005 | 654.15 million constant 2015 US$ | +2.1% |
| 2006 | 671.85 million constant 2015 US$ | +2.7% |
| 2007 | 692.50 million constant 2015 US$ | +3.1% |
| 2008 | 710.40 million constant 2015 US$ | +2.6% |
| 2009 | 745.47 million constant 2015 US$ | +4.9% |
| 2010 | 769.36 million constant 2015 US$ | +3.2% |
| 2011 | 785.76 million constant 2015 US$ | +2.1% |
| 2012 | 803.04 million constant 2015 US$ | +2.2% |
| 2013 | 828.39 million constant 2015 US$ | +3.2% |
| 2014 | 842.09 million constant 2015 US$ | +1.7% |
| 2015 | 810.76 million constant 2015 US$ | -3.7% |
| 2016 | 930.13 million constant 2015 US$ | +14.7% |
| 2017 | 1.40 billion constant 2015 US$ | +51.0% |
| 2018 | 1.23 billion constant 2015 US$ | -12.3% |
| 2019 | 1.66 billion constant 2015 US$ | +34.3% |
| 2020 | 2.03 billion constant 2015 US$ | +22.4% |
| 2021 | 2.03 billion constant 2015 US$ | +0.4% |
| 2022 | 1.95 billion constant 2015 US$ | -4.2% |
| 2023 | 1.90 billion constant 2015 US$ | -2.7% |
| 2024 | 2.07 billion constant 2015 US$ | +8.9% |
Vanuatu compared with similar countries
- Vanuatu's 2.07 billion constant 2015 US$ is below the median for lower middle income countries, which is 16.69 billion constant 2015 US$, 12% of the median. (43 countries reporting)
- Vanuatu's 2.07 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 27.09 billion constant 2015 US$, 8% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +51.0% | 930.13 million constant 2015 US$ | 1.40 billion constant 2015 US$ |
| 2019 | +34.3% | 1.23 billion constant 2015 US$ | 1.66 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 670.99 million constant 2015 US$ | 620.74 million constant 2015 US$ | 745.47 million constant 2015 US$ | 8 |
| 2010s | 1.01 billion constant 2015 US$ | 769.36 million constant 2015 US$ | 1.66 billion constant 2015 US$ | 10 |
| 2020s | 1.99 billion constant 2015 US$ | 1.90 billion constant 2015 US$ | 2.07 billion constant 2015 US$ | 5 |
Countries ranked near Vanuatu
- 156 Greenland 2.29 billion constant 2015 US$ compare
- 157 East Timor 2.21 billion constant 2015 US$ compare
- 158 Belize 2.13 billion constant 2015 US$ compare
- 160 Seychelles 2.05 billion constant 2015 US$ compare
- 161 Gambia 1.94 billion constant 2015 US$ compare
- 162 Bhutan 1.87 billion constant 2015 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Vanuatu?
- Final consumption expenditure in Vanuatu was 2.07 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Vanuatu?
- The highest recorded value was 2.07 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Vanuatu?
- The lowest recorded value was 620.74 million constant 2015 US$ in 2002.
- How does Vanuatu rank for final consumption expenditure?
- Vanuatu ranks 159th out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Vanuatu?
- Over the last ten years it is up 145.3%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.