Services, value added (annual % growth) in Vanuatu
Vanuatu: Services, value added (annual % growth) was 2.6% in 2024. ◆ Volatile
Services, value added in Vanuatu, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in Vanuatu stood at 2.6%.
Compared with earlier readings it is down 61.6% on the previous year and down 3.1% over ten years.
Over the whole period, services, value added in Vanuatu peaked at 9.1% in 2006 and was at its lowest, -7.8%, in 2020.
Vanuatu ranks 130th of 198 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.
Services, value added (annual % growth) in Vanuatu, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2003 | 6.8% | — |
| 2004 | 3.9% | -42.8% |
| 2005 | 6.6% | +69.2% |
| 2006 | 9.1% | +37.0% |
| 2007 | 0.8% | -91.3% |
| 2008 | 4.7% | +499.4% |
| 2009 | 4.5% | -4.1% |
| 2010 | 2.7% | -40.8% |
| 2011 | 7.2% | +167.9% |
| 2012 | 4.4% | -38.7% |
| 2013 | -0.9% | -120.1% |
| 2014 | 2.7% | -401.4% |
| 2015 | 1.3% | -52.9% |
| 2016 | 3.1% | +150.5% |
| 2017 | 2.9% | -7.5% |
| 2018 | 0.3% | -88.1% |
| 2019 | 5.8% | +1568.8% |
| 2020 | -7.8% | -234.8% |
| 2021 | 0.2% | -102.6% |
| 2022 | 5.8% | +2791.6% |
| 2023 | 6.8% | +17.0% |
| 2024 | 2.6% | -61.6% |
Vanuatu compared with similar countries
- Vanuatu's 2.6% is below the median for lower middle income countries, which is 4.5%, 57% of the median. (47 countries reporting)
- Vanuatu's 2.6% is below the median for East Asia & Pacific, which is 3.4%, 76% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Services, value added (annual % growth) in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +2791.6% | 0.2% | 5.8% |
| 2019 | +1568.8% | 0.3% | 5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.2% | 0.8% | 9.1% | 7 |
| 2010s | 3.0% | -0.9% | 7.2% | 10 |
| 2020s | 1.5% | -7.8% | 6.8% | 5 |
Countries ranked near Vanuatu
More economy & growth data for Vanuatu
- Real gdp growth, annual growth rate -35.4 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -3.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0163 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 65.88 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.08 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0119 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 48.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Vanuatu?
- Services, value added in Vanuatu was 2.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Vanuatu?
- The highest recorded value was 9.1% in 2006.
- What is the lowest services, value added recorded in Vanuatu?
- The lowest recorded value was -7.8% in 2020.
- How does Vanuatu rank for services, value added?
- Vanuatu ranks 130th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Vanuatu?
- Over the last ten years it is down 3.1%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.