Gross value added at basic prices (GVA) in Vanuatu
Vanuatu: Gross value added at basic prices (GVA) was 955.45 million constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Vanuatu, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Vanuatu recorded 955.45 million constant 2015 US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 27.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in Vanuatu peaked at 955.45 million constant 2015 US$ in 2024 and was at its lowest, 484.78 million constant 2015 US$, in 2002.
That places Vanuatu 184th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Gross value added at basic prices (GVA) in Vanuatu, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1998 | 504.39 million constant 2015 US$ | — |
| 1999 | 493.48 million constant 2015 US$ | -2.2% |
| 2000 | 526.30 million constant 2015 US$ | +6.7% |
| 2001 | 505.94 million constant 2015 US$ | -3.9% |
| 2002 | 484.78 million constant 2015 US$ | -4.2% |
| 2003 | 508.93 million constant 2015 US$ | +5.0% |
| 2004 | 527.95 million constant 2015 US$ | +3.7% |
| 2005 | 553.29 million constant 2015 US$ | +4.8% |
| 2006 | 599.75 million constant 2015 US$ | +8.4% |
| 2007 | 600.74 million constant 2015 US$ | +0.2% |
| 2008 | 631.02 million constant 2015 US$ | +5.0% |
| 2009 | 660.44 million constant 2015 US$ | +4.7% |
| 2010 | 687.41 million constant 2015 US$ | +4.1% |
| 2011 | 704.66 million constant 2015 US$ | +2.5% |
| 2012 | 717.55 million constant 2015 US$ | +1.8% |
| 2013 | 718.78 million constant 2015 US$ | +0.2% |
| 2014 | 748.26 million constant 2015 US$ | +4.1% |
| 2015 | 775.43 million constant 2015 US$ | +3.6% |
| 2016 | 809.76 million constant 2015 US$ | +4.4% |
| 2017 | 830.14 million constant 2015 US$ | +2.5% |
| 2018 | 841.43 million constant 2015 US$ | +1.4% |
| 2019 | 870.84 million constant 2015 US$ | +3.5% |
| 2020 | 820.66 million constant 2015 US$ | -5.8% |
| 2021 | 825.21 million constant 2015 US$ | +0.6% |
| 2022 | 866.36 million constant 2015 US$ | +5.0% |
| 2023 | 920.65 million constant 2015 US$ | +6.3% |
| 2024 | 955.45 million constant 2015 US$ | +3.8% |
Vanuatu compared with similar countries
- Vanuatu's 955.45 million constant 2015 US$ is below the median for lower middle income countries, which is 25.04 billion constant 2015 US$, 4% of the median. (46 countries reporting)
- Vanuatu's 955.45 million constant 2015 US$ is below the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 3% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 498.94 million constant 2015 US$ | 493.48 million constant 2015 US$ | 504.39 million constant 2015 US$ | 2 |
| 2000s | 559.91 million constant 2015 US$ | 484.78 million constant 2015 US$ | 660.44 million constant 2015 US$ | 10 |
| 2010s | 770.43 million constant 2015 US$ | 687.41 million constant 2015 US$ | 870.84 million constant 2015 US$ | 10 |
| 2020s | 877.67 million constant 2015 US$ | 820.66 million constant 2015 US$ | 955.45 million constant 2015 US$ | 5 |
Countries ranked near Vanuatu
- 181 Comoros 1.20 billion constant 2015 US$ compare
- 182 Sint Maarten (Dutch part) 1.16 billion constant 2015 US$ compare
- 183 Grenada 1.02 billion constant 2015 US$ compare
- 185 Saint Kitts and Nevis 931.55 million constant 2015 US$ compare
- 186 Samoa 931.02 million constant 2015 US$ compare
- 187 Saint Vincent and the Grenadines 827.04 million 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Vanuatu?
- Gross value added at basic prices (gva) in Vanuatu was 955.45 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Vanuatu?
- The highest recorded value was 955.45 million constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Vanuatu?
- The lowest recorded value was 484.78 million constant 2015 US$ in 2002.
- How does Vanuatu rank for gross value added at basic prices (gva)?
- Vanuatu ranks 184th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Vanuatu?
- Over the last ten years it is up 27.7%. 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.