Gross domestic income in Vanuatu
Vanuatu: Gross domestic income was 154.67 billion constant LCU in 2024. ▲ Rising
Gross domestic income in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gross domestic income in Vanuatu stood at 154.67 billion constant LCU. That is the highest value across all 23 years on record.
The figure is up 1.3% on the previous year and up 19.2% over ten years.
Over the whole period, gross domestic income in Vanuatu peaked at 154.67 billion constant LCU in 2024 and was at its lowest, 84.76 billion constant LCU, in 2002.
That places Vanuatu 120th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Gross domestic income in Vanuatu, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2002 | 84.76 billion constant LCU | — |
| 2003 | 87.22 billion constant LCU | +2.9% |
| 2004 | 91.85 billion constant LCU | +5.3% |
| 2005 | 94.58 billion constant LCU | +3.0% |
| 2006 | 103.32 billion constant LCU | +9.2% |
| 2007 | 116.55 billion constant LCU | +12.8% |
| 2008 | 116.51 billion constant LCU | -0.0% |
| 2009 | 119.95 billion constant LCU | +2.9% |
| 2010 | 121.56 billion constant LCU | +1.3% |
| 2011 | 121.90 billion constant LCU | +0.3% |
| 2012 | 127.36 billion constant LCU | +4.5% |
| 2013 | 128.42 billion constant LCU | +0.8% |
| 2014 | 129.80 billion constant LCU | +1.1% |
| 2015 | 124.80 billion constant LCU | -3.8% |
| 2016 | 129.45 billion constant LCU | +3.7% |
| 2017 | 131.46 billion constant LCU | +1.6% |
| 2018 | 132.13 billion constant LCU | +0.5% |
| 2019 | 129.96 billion constant LCU | -1.6% |
| 2020 | 138.12 billion constant LCU | +6.3% |
| 2021 | 135.27 billion constant LCU | -2.1% |
| 2022 | 141.44 billion constant LCU | +4.6% |
| 2023 | 152.74 billion constant LCU | +8.0% |
| 2024 | 154.67 billion constant LCU | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 101.84 billion constant LCU | 84.76 billion constant LCU | 119.95 billion constant LCU | 8 |
| 2010s | 127.68 billion constant LCU | 121.56 billion constant LCU | 132.13 billion constant LCU | 10 |
| 2020s | 144.45 billion constant LCU | 135.27 billion constant LCU | 154.67 billion constant 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.86 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 106.98 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 423,611 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.78 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7361 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,915 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.78 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 106.98 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic income in Vanuatu?
- Gross domestic income in Vanuatu was 154.67 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Vanuatu?
- The highest recorded value was 154.67 billion constant LCU in 2024.
- What is the lowest gross domestic income recorded in Vanuatu?
- The lowest recorded value was 84.76 billion constant LCU in 2002.
- How does Vanuatu rank for gross domestic income?
- Vanuatu ranks 120th out of 178 countries with data for 2024.
- Is gross domestic income rising or falling in Vanuatu?
- Over the last ten years it is up 19.2%. 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 Gross domestic income (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. 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 varies by country. This series is expressed in local currency units.