Gross Domestic Product — Value Standard Local Currency in Vanuatu
Vanuatu: Gross Domestic Product — Value Standard Local Currency was 137,465 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Vanuatu, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Vanuatu is 137,465 million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.1% on the previous year and up 83.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Vanuatu peaked at 137,465 million SLC in 2024 and was at its lowest, 3,838 million SLC, in 1970.
That places Vanuatu 147th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Vanuatu, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,838 million SLC | — |
| 1971 | 4,135 million SLC | +7.7% |
| 1972 | 4,453 million SLC | +7.7% |
| 1973 | 4,796 million SLC | +7.7% |
| 1974 | 5,165 million SLC | +7.7% |
| 1975 | 5,563 million SLC | +7.7% |
| 1976 | 5,991 million SLC | +7.7% |
| 1977 | 6,452 million SLC | +7.7% |
| 1978 | 7,233 million SLC | +12.1% |
| 1979 | 8,972 million SLC | +24.1% |
| 1980 | 8,476 million SLC | -5.5% |
| 1981 | 9,490 million SLC | +12.0% |
| 1982 | 10,331 million SLC | +8.9% |
| 1983 | 11,383 million SLC | +10.2% |
| 1984 | 13,838 million SLC | +21.6% |
| 1985 | 14,056 million SLC | +1.6% |
| 1986 | 13,658 million SLC | -2.8% |
| 1987 | 15,032 million SLC | +10.1% |
| 1988 | 16,829 million SLC | +12.0% |
| 1989 | 18,337 million SLC | +9.0% |
| 1990 | 20,074 million SLC | +9.5% |
| 1991 | 22,808 million SLC | +13.6% |
| 1992 | 24,157 million SLC | +5.9% |
| 1993 | 26,667 million SLC | +10.4% |
| 1994 | 27,993 million SLC | +5.0% |
| 1995 | 30,565 million SLC | +9.2% |
| 1996 | 31,655 million SLC | +3.6% |
| 1997 | 33,057 million SLC | +4.4% |
| 1998 | 33,134 million SLC | +0.2% |
| 1999 | 34,206 million SLC | +3.2% |
| 2000 | 36,472 million SLC | +6.6% |
| 2001 | 37,049 million SLC | +1.6% |
| 2002 | 36,779 million SLC | -0.7% |
| 2003 | 38,423 million SLC | +4.5% |
| 2004 | 40,803 million SLC | +6.2% |
| 2005 | 43,148 million SLC | +5.7% |
| 2006 | 48,613 million SLC | +12.7% |
| 2007 | 53,926 million SLC | +10.9% |
| 2008 | 59,863 million SLC | +11.0% |
| 2009 | 63,257 million SLC | +5.7% |
| 2010 | 64,996 million SLC | +2.7% |
| 2011 | 68,905 million SLC | +6.0% |
| 2012 | 69,278 million SLC | +0.5% |
| 2013 | 71,692 million SLC | +3.5% |
| 2014 | 75,106 million SLC | +4.8% |
| 2015 | 82,798 million SLC | +10.2% |
| 2016 | 87,249 million SLC | +5.4% |
| 2017 | 94,887 million SLC | +8.8% |
| 2018 | 100,771 million SLC | +6.2% |
| 2019 | 107,450 million SLC | +6.6% |
| 2020 | 104,929 million SLC | -2.3% |
| 2021 | 107,522 million SLC | +2.5% |
| 2022 | 121,884 million SLC | +13.4% |
| 2023 | 133,269 million SLC | +9.3% |
| 2024 | 137,465 million SLC | +3.1% |
Vanuatu compared with similar countries
- Vanuatu's 137,465 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 9% of the median. (43 countries reporting)
- Vanuatu's 137,465 million SLC is below the median for East Asia & Pacific, which is 725,630 million SLC, 19% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,660 million SLC | 3,838 million SLC | 8,972 million SLC | 10 |
| 1980s | 13,143 million SLC | 8,476 million SLC | 18,337 million SLC | 10 |
| 1990s | 28,432 million SLC | 20,074 million SLC | 34,206 million SLC | 10 |
| 2000s | 45,833 million SLC | 36,472 million SLC | 63,257 million SLC | 10 |
| 2010s | 82,313 million SLC | 64,996 million SLC | 107,450 million SLC | 10 |
| 2020s | 121,014 million SLC | 104,929 million SLC | 137,465 million SLC | 5 |
Countries ranked near Vanuatu
- 144 Gambia 168,109 million SLC compare
- 145 Tunisia 167,416 million SLC compare
- 146 Tajikistan 151,102 million SLC compare
- 148 Slovakia 130,018 million SLC compare
- 149 Azerbaijan 126,211 million SLC compare
- 150 Puerto Rico 125,339 million SLC 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 gross domestic product — value standard local currency in Vanuatu?
- Gross domestic product — value standard local currency in Vanuatu was 137,465 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Vanuatu?
- The highest recorded value was 137,465 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Vanuatu?
- The lowest recorded value was 3,838 million SLC in 1970.
- How does Vanuatu rank for gross domestic product — value standard local currency?
- Vanuatu ranks 147th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Vanuatu?
- Over the last ten years it is up 83.0%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).