Personal remittances, received in Vanuatu
Vanuatu: Personal remittances, received was 17.2% in 2022. ◆ Volatile
Personal remittances, received in Vanuatu, 1982–2022
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Vanuatu recorded 17.2% for personal remittances, received in 2022.
The figure is down 6.0% on the previous year and up 482.8% over ten years.
Over the whole period, personal remittances, received in Vanuatu peaked at 18.3% in 2021 and was at its lowest, 1.1%, in 2007.
Vanuatu ranks 18th of 195 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Vanuatu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 8.2% | — |
| 1983 | 6.1% | -25.5% |
| 1984 | 5.9% | -3.7% |
| 1985 | 6.6% | +13.0% |
| 1986 | 6.3% | -4.3% |
| 1987 | 6.1% | -4.3% |
| 1988 | 5.1% | -16.6% |
| 1989 | 4.8% | -6.0% |
| 1990 | 4.9% | +2.3% |
| 1991 | 4.5% | -7.5% |
| 1992 | 6.7% | +49.8% |
| 1993 | 6.0% | -10.9% |
| 1994 | 7.8% | +29.1% |
| 1995 | 2.5% | -68.3% |
| 1996 | 13.6% | +453.7% |
| 1997 | 5.7% | -58.2% |
| 1998 | 3.0% | -47.9% |
| 1999 | 3.6% | +21.0% |
| 2000 | 5.0% | +38.3% |
| 2001 | 7.1% | +43.9% |
| 2002 | 1.6% | -78.2% |
| 2003 | 1.3% | -18.6% |
| 2004 | 1.4% | +6.3% |
| 2005 | 1.3% | -4.4% |
| 2006 | 1.1% | -12.0% |
| 2007 | 1.1% | -5.5% |
| 2008 | 1.5% | +40.5% |
| 2009 | 1.9% | +28.6% |
| 2010 | 1.8% | -9.5% |
| 2011 | 2.8% | +61.1% |
| 2012 | 2.9% | +4.3% |
| 2013 | 2.7% | -6.8% |
| 2014 | 4.7% | +72.2% |
| 2015 | 4.6% | -2.0% |
| 2016 | 5.4% | +15.9% |
| 2017 | 8.6% | +60.2% |
| 2018 | 11.1% | +29.3% |
| 2019 | 14.3% | +28.7% |
| 2020 | 12.5% | -12.8% |
| 2021 | 18.3% | +46.3% |
| 2022 | 17.2% | -6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.1% | 4.8% | 8.2% | 8 |
| 1990s | 5.8% | 2.5% | 13.6% | 10 |
| 2000s | 2.3% | 1.1% | 7.1% | 10 |
| 2010s | 5.9% | 1.8% | 14.3% | 10 |
| 2020s | 16.0% | 12.5% | 18.3% | 3 |
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)
- Manufacturing, value added (constant LCU), per capita 19,104 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.65 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.1006 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 398.44 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 14.7 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 11.99 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 47,480 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 11.01 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Vanuatu?
- Personal remittances, received in Vanuatu was 17.2% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Vanuatu?
- The highest recorded value was 18.3% in 2021.
- What is the lowest personal remittances, received recorded in Vanuatu?
- The lowest recorded value was 1.1% in 2007.
- How does Vanuatu rank for personal remittances, received?
- Vanuatu ranks 18th out of 195 countries with data for 2022.
- Is personal remittances, received rising or falling in Vanuatu?
- Over the last ten years it is up 482.8%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.