Gross value added at basic prices (GVA) in Vanuatu
Vanuatu: Gross value added at basic prices (GVA) was 1.17 billion current US$ in 2024. ◆ Volatile
Latest (2024)
1.17 billion current US$
Change on year
up 9.8%
World rank
194th
of 207 countries
All-time high
1.17 billion current US$
in 2024
All-time low
98.14 million current US$
in 1982
Years of data
46
1979–2024
Gross value added at basic prices (GVA) in Vanuatu, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Vanuatu is 1.17 billion current US$, measured in 2024. That is the highest value across all 46 years on record.
The figure is up 9.8% on the previous year and up 47.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Vanuatu peaked at 1.17 billion current US$ in 2024 and was at its lowest, 98.14 million current US$, in 1982.
Vanuatu ranks 194th of 207 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Vanuatu, year by year
| Year | current US$ | Change |
|---|---|---|
| 1979 | 119.26 million current US$ | — |
| 1980 | 113.42 million current US$ | -4.9% |
| 1981 | 98.75 million current US$ | -12.9% |
| 1982 | 98.14 million current US$ | -0.6% |
| 1983 | 110.12 million current US$ | +12.2% |
| 1984 | 135.55 million current US$ | +23.1% |
| 1985 | 123.70 million current US$ | -8.7% |
| 1986 | 118.69 million current US$ | -4.0% |
| 1987 | 130.83 million current US$ | +10.2% |
| 1988 | 148.54 million current US$ | +13.5% |
| 1989 | 144.48 million current US$ | -2.7% |
| 1990 | 158.40 million current US$ | +9.6% |
| 1991 | 188.87 million current US$ | +19.2% |
| 1992 | 196.14 million current US$ | +3.9% |
| 1993 | 188.08 million current US$ | -4.1% |
| 1994 | 219.26 million current US$ | +16.6% |
| 1995 | 233.90 million current US$ | +6.7% |
| 1996 | 245.18 million current US$ | +4.8% |
| 1997 | 255.89 million current US$ | +4.4% |
| 1998 | 234.00 million current US$ | -8.6% |
| 1999 | 233.35 million current US$ | -0.3% |
| 2000 | 238.59 million current US$ | +2.2% |
| 2001 | 225.40 million current US$ | -5.5% |
| 2002 | 231.97 million current US$ | +2.9% |
| 2003 | 278.87 million current US$ | +20.2% |
| 2004 | 323.17 million current US$ | +15.9% |
| 2005 | 347.56 million current US$ | +7.5% |
| 2006 | 387.46 million current US$ | +11.5% |
| 2007 | 446.79 million current US$ | +15.3% |
| 2008 | 507.91 million current US$ | +13.7% |
| 2009 | 515.73 million current US$ | +1.5% |
| 2010 | 598.83 million current US$ | +16.1% |
| 2011 | 685.09 million current US$ | +14.4% |
| 2012 | 665.40 million current US$ | -2.9% |
| 2013 | 777.90 million current US$ | +16.9% |
| 2014 | 792.40 million current US$ | +1.9% |
| 2015 | 775.43 million current US$ | -2.1% |
| 2016 | 830.51 million current US$ | +7.1% |
| 2017 | 901.75 million current US$ | +8.6% |
| 2018 | 926.31 million current US$ | +2.7% |
| 2019 | 954.23 million current US$ | +3.0% |
| 2020 | 920.32 million current US$ | -3.6% |
| 2021 | 996.07 million current US$ | +8.2% |
| 2022 | 1.04 billion current US$ | +4.3% |
| 2023 | 1.06 billion current US$ | +2.1% |
| 2024 | 1.17 billion current US$ | +9.8% |
Vanuatu compared with similar countries
- Vanuatu's 1.17 billion current US$ is below the median for lower middle income countries, which is 27.86 billion current US$, 4% of the median. (47 countries reporting)
- Vanuatu's 1.17 billion current US$ is below the median for East Asia & Pacific, which is 22.97 billion current US$, 5% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 119.26 million current US$ | 119.26 million current US$ | 119.26 million current US$ | 1 |
| 1980s | 122.22 million current US$ | 98.14 million current US$ | 148.54 million current US$ | 10 |
| 1990s | 215.31 million current US$ | 158.40 million current US$ | 255.89 million current US$ | 10 |
| 2000s | 350.35 million current US$ | 225.40 million current US$ | 515.73 million current US$ | 10 |
| 2010s | 790.79 million current US$ | 598.83 million current US$ | 954.23 million current US$ | 10 |
| 2020s | 1.04 billion current US$ | 920.32 million current US$ | 1.17 billion current US$ | 5 |
Countries ranked near Vanuatu
- 191 Turks and Caicos Islands 1.44 billion current US$ compare
- 192 Sint Maarten (Dutch part) 1.27 billion current US$ compare
- 193 Grenada 1.17 billion current US$ compare
- 195 Samoa 1.10 billion current US$ compare
- 196 Saint Vincent and the Grenadines 1.07 billion current US$ compare
- 197 Saint Kitts and Nevis 1.03 billion current 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Vanuatu?
- Gross value added at basic prices (gva) in Vanuatu was 1.17 billion current US$ 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 1.17 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Vanuatu?
- The lowest recorded value was 98.14 million current US$ in 1982.
- How does Vanuatu rank for gross value added at basic prices (gva)?
- Vanuatu ranks 194th 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 47.0%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.