Industry (including construction), value added in Vanuatu
Vanuatu: Industry (including construction), value added was 144.19 million constant 2015 US$ in 2024. ▲ Rising
Industry (including construction), value added in Vanuatu, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, industry (including construction), value added in Vanuatu stood at 144.19 million constant 2015 US$. That is the highest value across all 46 years on record.
The figure is up 11.0% on the previous year and up 90.6% over ten years.
Over the whole period, industry (including construction), value added in Vanuatu peaked at 144.19 million constant 2015 US$ in 2024 and was at its lowest, 39.85 million constant 2015 US$, in 1983.
That places Vanuatu 185th out of 196 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Industry (including construction), value added in Vanuatu, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1979 | 55.08 million constant 2015 US$ | — |
| 1980 | 51.40 million constant 2015 US$ | -6.7% |
| 1981 | 48.72 million constant 2015 US$ | -5.2% |
| 1982 | 61.39 million constant 2015 US$ | +26.0% |
| 1983 | 39.85 million constant 2015 US$ | -35.1% |
| 1984 | 41.17 million constant 2015 US$ | +3.3% |
| 1985 | 45.36 million constant 2015 US$ | +10.2% |
| 1986 | 45.86 million constant 2015 US$ | +1.1% |
| 1987 | 60.14 million constant 2015 US$ | +31.1% |
| 1988 | 60.35 million constant 2015 US$ | +0.3% |
| 1989 | 60.27 million constant 2015 US$ | -0.1% |
| 1990 | 67.80 million constant 2015 US$ | +12.5% |
| 1991 | 65.00 million constant 2015 US$ | -4.1% |
| 1992 | 59.28 million constant 2015 US$ | -8.8% |
| 1993 | 57.67 million constant 2015 US$ | -2.7% |
| 1994 | 72.74 million constant 2015 US$ | +26.1% |
| 1995 | 71.26 million constant 2015 US$ | -2.0% |
| 1996 | 63.72 million constant 2015 US$ | -10.6% |
| 1997 | 61.34 million constant 2015 US$ | -3.7% |
| 1998 | 63.89 million constant 2015 US$ | +4.2% |
| 1999 | 63.84 million constant 2015 US$ | -0.1% |
| 2000 | 87.50 million constant 2015 US$ | +37.1% |
| 2001 | 69.02 million constant 2015 US$ | -21.1% |
| 2002 | 56.55 million constant 2015 US$ | -18.1% |
| 2003 | 53.97 million constant 2015 US$ | -4.6% |
| 2004 | 52.77 million constant 2015 US$ | -2.2% |
| 2005 | 55.56 million constant 2015 US$ | +5.3% |
| 2006 | 69.43 million constant 2015 US$ | +25.0% |
| 2007 | 62.41 million constant 2015 US$ | -10.1% |
| 2008 | 79.56 million constant 2015 US$ | +27.5% |
| 2009 | 101.52 million constant 2015 US$ | +27.6% |
| 2010 | 113.88 million constant 2015 US$ | +12.2% |
| 2011 | 92.14 million constant 2015 US$ | -19.1% |
| 2012 | 71.71 million constant 2015 US$ | -22.2% |
| 2013 | 77.72 million constant 2015 US$ | +8.4% |
| 2014 | 75.65 million constant 2015 US$ | -2.7% |
| 2015 | 107.23 million constant 2015 US$ | +41.8% |
| 2016 | 110.93 million constant 2015 US$ | +3.4% |
| 2017 | 117.98 million constant 2015 US$ | +6.4% |
| 2018 | 123.98 million constant 2015 US$ | +5.1% |
| 2019 | 113.97 million constant 2015 US$ | -8.1% |
| 2020 | 114.34 million constant 2015 US$ | +0.3% |
| 2021 | 113.93 million constant 2015 US$ | -0.4% |
| 2022 | 113.03 million constant 2015 US$ | -0.8% |
| 2023 | 129.89 million constant 2015 US$ | +14.9% |
| 2024 | 144.19 million constant 2015 US$ | +11.0% |
Vanuatu compared with similar countries
- Vanuatu's 144.19 million constant 2015 US$ is below the median for lower middle income countries, which is 6.98 billion constant 2015 US$, 2% of the median. (46 countries reporting)
- Vanuatu's 144.19 million constant 2015 US$ is below the median for East Asia & Pacific, which is 8.43 billion constant 2015 US$, 2% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 55.08 million constant 2015 US$ | 55.08 million constant 2015 US$ | 55.08 million constant 2015 US$ | 1 |
| 1980s | 51.45 million constant 2015 US$ | 39.85 million constant 2015 US$ | 61.39 million constant 2015 US$ | 10 |
| 1990s | 64.65 million constant 2015 US$ | 57.67 million constant 2015 US$ | 72.74 million constant 2015 US$ | 10 |
| 2000s | 68.83 million constant 2015 US$ | 52.77 million constant 2015 US$ | 101.52 million constant 2015 US$ | 10 |
| 2010s | 100.52 million constant 2015 US$ | 71.71 million constant 2015 US$ | 123.98 million constant 2015 US$ | 10 |
| 2020s | 123.08 million constant 2015 US$ | 113.03 million constant 2015 US$ | 144.19 million constant 2015 US$ | 5 |
Countries ranked near Vanuatu
- 182 Grenada 211.85 million constant 2015 US$ compare
- 183 Saint Kitts and Nevis 211.41 million constant 2015 US$ compare
- 184 Saint Vincent and the Grenadines 148.31 million constant 2015 US$ compare
- 186 Comoros 123.54 million constant 2015 US$ compare
- 187 East Timor 115.48 million constant 2015 US$ compare
- 188 Samoa 110.13 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Vanuatu?
- Industry (including construction), value added in Vanuatu was 144.19 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Vanuatu?
- The highest recorded value was 144.19 million constant 2015 US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Vanuatu?
- The lowest recorded value was 39.85 million constant 2015 US$ in 1983.
- How does Vanuatu rank for industry (including construction), value added?
- Vanuatu ranks 185th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Vanuatu?
- Over the last ten years it is up 90.6%. 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 Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.