Gross domestic savings in Vanuatu
Vanuatu: Gross domestic savings was 3.4% in 2024. ◆ Volatile
Gross domestic savings in Vanuatu, 1983–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Vanuatu stood at 3.4%.
That represents a change of up 257.6% on the previous year and down 74.0% over ten years.
Over the whole period, gross domestic savings in Vanuatu peaked at 26.2% in 2008 and was at its lowest, -27.4%, in 2021.
That places Vanuatu 152nd out of 188 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.
Gross domestic savings in Vanuatu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1983 | 16.6% | — |
| 1984 | 20.5% | +23.8% |
| 1985 | 11.3% | -44.9% |
| 1986 | 4.8% | -57.6% |
| 1987 | 10.5% | +119.7% |
| 1988 | 8.2% | -22.4% |
| 1989 | 13.2% | +61.9% |
| 1990 | 13.1% | -0.9% |
| 1991 | 16.5% | +25.4% |
| 1992 | 16.9% | +2.7% |
| 1993 | 17.5% | +3.3% |
| 1994 | 20.1% | +15.2% |
| 1995 | 19.2% | -4.4% |
| 1996 | 18.0% | -6.5% |
| 1997 | 25.5% | +41.8% |
| 1998 | 3.6% | -85.7% |
| 1999 | -0.8% | -122.3% |
| 2000 | 7.9% | -1068.5% |
| 2001 | 3.0% | -62.3% |
| 2002 | 12.8% | +329.0% |
| 2003 | 14.9% | +16.8% |
| 2004 | 17.1% | +14.9% |
| 2005 | 19.6% | +14.4% |
| 2006 | 22.9% | +16.8% |
| 2007 | 22.8% | -0.4% |
| 2008 | 26.2% | +14.8% |
| 2009 | 22.3% | -14.8% |
| 2010 | 17.7% | -20.8% |
| 2011 | 19.7% | +11.4% |
| 2012 | 18.3% | -7.0% |
| 2013 | 16.9% | -7.6% |
| 2014 | 13.1% | -22.7% |
| 2015 | 5.2% | -60.1% |
| 2016 | 11.8% | +126.0% |
| 2017 | 13.9% | +17.7% |
| 2018 | 9.0% | -35.1% |
| 2019 | -7.1% | -178.6% |
| 2020 | -19.4% | +174.0% |
| 2021 | -27.4% | +41.0% |
| 2022 | -18.9% | -31.0% |
| 2023 | 1.0% | -105.0% |
| 2024 | 3.4% | +257.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.2% | 4.8% | 20.5% | 7 |
| 1990s | 15.0% | -0.8% | 25.5% | 10 |
| 2000s | 16.9% | 3.0% | 26.2% | 10 |
| 2010s | 11.8% | -7.1% | 19.7% | 10 |
| 2020s | -12.3% | -27.4% | 3.4% | 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)
- Exports of goods and services (current LCU), annual growth rate -2.35 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 30.21 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 119,615 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.26 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2282 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 903.48 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 29.16 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2437 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic savings in Vanuatu?
- Gross domestic savings in Vanuatu was 3.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Vanuatu?
- The highest recorded value was 26.2% in 2008.
- What is the lowest gross domestic savings recorded in Vanuatu?
- The lowest recorded value was -27.4% in 2021.
- How does Vanuatu rank for gross domestic savings?
- Vanuatu ranks 152nd out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Vanuatu?
- Over the last ten years it is down 74.0%. 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.