Gross value added at basic prices (GVA) in Vanuatu
Vanuatu: Gross value added at basic prices (GVA) was 138.85 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Vanuatu, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Vanuatu is 138.85 billion constant LCU, measured 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 138.85 billion constant LCU in 2024 and was at its lowest, 70.45 billion constant LCU, in 2002.
Vanuatu ranks 126th of 198 countries on this measure, in the middle of the range.
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 LCU | Change |
|---|---|---|
| 1998 | 73.30 billion constant LCU | — |
| 1999 | 71.71 billion constant LCU | -2.2% |
| 2000 | 76.48 billion constant LCU | +6.7% |
| 2001 | 73.53 billion constant LCU | -3.9% |
| 2002 | 70.45 billion constant LCU | -4.2% |
| 2003 | 73.96 billion constant LCU | +5.0% |
| 2004 | 76.72 billion constant LCU | +3.7% |
| 2005 | 80.41 billion constant LCU | +4.8% |
| 2006 | 87.16 billion constant LCU | +8.4% |
| 2007 | 87.30 billion constant LCU | +0.2% |
| 2008 | 91.70 billion constant LCU | +5.0% |
| 2009 | 95.98 billion constant LCU | +4.7% |
| 2010 | 99.90 billion constant LCU | +4.1% |
| 2011 | 102.41 billion constant LCU | +2.5% |
| 2012 | 104.28 billion constant LCU | +1.8% |
| 2013 | 104.46 billion constant LCU | +0.2% |
| 2014 | 108.74 billion constant LCU | +4.1% |
| 2015 | 112.69 billion constant LCU | +3.6% |
| 2016 | 117.68 billion constant LCU | +4.4% |
| 2017 | 120.64 billion constant LCU | +2.5% |
| 2018 | 122.28 billion constant LCU | +1.4% |
| 2019 | 126.55 billion constant LCU | +3.5% |
| 2020 | 119.26 billion constant LCU | -5.8% |
| 2021 | 119.92 billion constant LCU | +0.6% |
| 2022 | 125.90 billion constant LCU | +5.0% |
| 2023 | 133.79 billion constant LCU | +6.3% |
| 2024 | 138.85 billion constant LCU | +3.8% |
Vanuatu compared with similar countries
- Vanuatu's 138.85 billion constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 21% of the median. (47 countries reporting)
- Vanuatu's 138.85 billion constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 29% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.51 billion constant LCU | 71.71 billion constant LCU | 73.30 billion constant LCU | 2 |
| 2000s | 81.37 billion constant LCU | 70.45 billion constant LCU | 95.98 billion constant LCU | 10 |
| 2010s | 111.96 billion constant LCU | 99.90 billion constant LCU | 126.55 billion constant LCU | 10 |
| 2020s | 127.55 billion constant LCU | 119.26 billion constant LCU | 138.85 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)
- 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 138.85 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Vanuatu?
- The highest recorded value was 138.85 billion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Vanuatu?
- The lowest recorded value was 70.45 billion constant LCU in 2002.
- How does Vanuatu rank for gross value added at basic prices (gva)?
- Vanuatu ranks 126th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.