General government final consumption expenditure in Vanuatu
Vanuatu: General government final consumption expenditure was 21.0% in 2024. ◆ Volatile
General government final consumption expenditure in Vanuatu, 2003–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in Vanuatu stood at 21.0%. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 384.9% on the previous year and up 672.7% over ten years.
Over the whole period, general government final consumption expenditure in Vanuatu peaked at 21.0% in 2024 and was at its lowest, -7.4%, in 2023.
That places Vanuatu 5th out of 173 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Vanuatu, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2003 | -0.8% | — |
| 2004 | -2.0% | +159.6% |
| 2005 | -0.1% | -96.2% |
| 2006 | 1.7% | -2401.7% |
| 2007 | 11.1% | +548.9% |
| 2008 | -0.6% | -105.0% |
| 2009 | 13.6% | -2556.4% |
| 2010 | 5.0% | -62.8% |
| 2011 | -1.6% | -131.0% |
| 2012 | -1.1% | -30.8% |
| 2013 | 2.2% | -305.3% |
| 2014 | -3.7% | -265.0% |
| 2015 | 16.9% | -560.4% |
| 2016 | -1.4% | -108.5% |
| 2017 | 19.5% | -1464.3% |
| 2018 | -3.9% | -119.8% |
| 2019 | 11.6% | -399.7% |
| 2020 | 11.8% | +1.6% |
| 2021 | -7.2% | -161.3% |
| 2022 | 7.8% | -207.8% |
| 2023 | -7.4% | -194.8% |
| 2024 | 21.0% | -384.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.3% | -2.0% | 13.6% | 7 |
| 2010s | 4.4% | -3.9% | 19.5% | 10 |
| 2020s | 5.2% | -7.4% | 21.0% | 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)
- 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)
- Services, value added (current US$), per capita 2,248 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 6.99 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 67.64 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 267,862 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 2.59 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4645 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is general government final consumption expenditure in Vanuatu?
- General government final consumption expenditure in Vanuatu was 21.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Vanuatu?
- The highest recorded value was 21.0% in 2024.
- What is the lowest general government final consumption expenditure recorded in Vanuatu?
- The lowest recorded value was -7.4% in 2023.
- How does Vanuatu rank for general government final consumption expenditure?
- Vanuatu ranks 5th out of 173 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Vanuatu?
- Over the last ten years it is up 672.7%. 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 General government final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.