Gross value added at basic prices (GVA) in Vanuatu
Vanuatu: Gross value added at basic prices (GVA) was 138.85 billion current LCU in 2024. ◆ Volatile
Latest (2024)
138.85 billion current LCU
Change on year
up 9.9%
World rank
138th
of 207 countries
All-time high
138.85 billion current LCU
in 2024
All-time low
7.75 billion current LCU
in 1980
Years of data
46
1979–2024
Gross value added at basic prices (GVA) in Vanuatu, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Vanuatu stood at 138.85 billion current LCU. That is the highest value across all 46 years on record.
The figure is up 9.9% on the previous year and up 80.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Vanuatu peaked at 138.85 billion current LCU in 2024 and was at its lowest, 7.75 billion current LCU, in 1980.
Vanuatu ranks 138th of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Vanuatu, year by year
| Year | current LCU | Change |
|---|---|---|
| 1979 | 8.20 billion current LCU | — |
| 1980 | 7.75 billion current LCU | -5.5% |
| 1981 | 8.67 billion current LCU | +12.0% |
| 1982 | 9.44 billion current LCU | +8.9% |
| 1983 | 10.94 billion current LCU | +15.9% |
| 1984 | 13.45 billion current LCU | +22.9% |
| 1985 | 13.12 billion current LCU | -2.5% |
| 1986 | 12.71 billion current LCU | -3.1% |
| 1987 | 14.37 billion current LCU | +13.1% |
| 1988 | 15.51 billion current LCU | +7.9% |
| 1989 | 16.77 billion current LCU | +8.1% |
| 1990 | 18.54 billion current LCU | +10.6% |
| 1991 | 21.09 billion current LCU | +13.8% |
| 1992 | 22.24 billion current LCU | +5.4% |
| 1993 | 22.87 billion current LCU | +2.8% |
| 1994 | 25.52 billion current LCU | +11.6% |
| 1995 | 26.22 billion current LCU | +2.7% |
| 1996 | 27.39 billion current LCU | +4.5% |
| 1997 | 29.65 billion current LCU | +8.2% |
| 1998 | 29.84 billion current LCU | +0.6% |
| 1999 | 30.12 billion current LCU | +0.9% |
| 2000 | 32.84 billion current LCU | +9.0% |
| 2001 | 32.75 billion current LCU | -0.3% |
| 2002 | 32.29 billion current LCU | -1.4% |
| 2003 | 34.08 billion current LCU | +5.5% |
| 2004 | 36.13 billion current LCU | +6.0% |
| 2005 | 37.97 billion current LCU | +5.1% |
| 2006 | 42.87 billion current LCU | +12.9% |
| 2007 | 45.77 billion current LCU | +6.8% |
| 2008 | 51.47 billion current LCU | +12.5% |
| 2009 | 55.05 billion current LCU | +7.0% |
| 2010 | 58.03 billion current LCU | +5.4% |
| 2011 | 61.29 billion current LCU | +5.6% |
| 2012 | 61.64 billion current LCU | +0.6% |
| 2013 | 73.55 billion current LCU | +19.3% |
| 2014 | 76.92 billion current LCU | +4.6% |
| 2015 | 84.51 billion current LCU | +9.9% |
| 2016 | 90.09 billion current LCU | +6.6% |
| 2017 | 97.23 billion current LCU | +7.9% |
| 2018 | 102.05 billion current LCU | +5.0% |
| 2019 | 109.48 billion current LCU | +7.3% |
| 2020 | 106.19 billion current LCU | -3.0% |
| 2021 | 109.02 billion current LCU | +2.7% |
| 2022 | 119.86 billion current LCU | +9.9% |
| 2023 | 126.39 billion current LCU | +5.4% |
| 2024 | 138.85 billion current LCU | +9.9% |
Vanuatu compared with similar countries
- Vanuatu's 138.85 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 9% of the median. (47 countries reporting)
- Vanuatu's 138.85 billion current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 28% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.20 billion current LCU | 8.20 billion current LCU | 8.20 billion current LCU | 1 |
| 1980s | 12.27 billion current LCU | 7.75 billion current LCU | 16.77 billion current LCU | 10 |
| 1990s | 25.35 billion current LCU | 18.54 billion current LCU | 30.12 billion current LCU | 10 |
| 2000s | 40.12 billion current LCU | 32.29 billion current LCU | 55.05 billion current LCU | 10 |
| 2010s | 81.48 billion current LCU | 58.03 billion current LCU | 109.48 billion current LCU | 10 |
| 2020s | 120.06 billion current LCU | 106.19 billion current LCU | 138.85 billion current LCU | 5 |
Countries ranked near Vanuatu
- 135 Trinidad and Tobago 163.69 billion current LCU compare
- 136 Tunisia 163.60 billion current LCU compare
- 137 Tajikistan 141.26 billion current LCU compare
- 139 Suriname 135.81 billion current LCU compare
- 140 Puerto Rico 128.88 billion current LCU compare
- 141 Slovakia 122.40 billion current LCU 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 138.85 billion current LCU 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 138.85 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Vanuatu?
- The lowest recorded value was 7.75 billion current LCU in 1980.
- How does Vanuatu rank for gross value added at basic prices (gva)?
- Vanuatu ranks 138th out of 207 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 80.5%. 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 value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.