Services, value added (constant 2015 US$), annual growth rate in Vanuatu
Vanuatu: Services, value added (constant 2015 US$), annual growth rate was 2.59 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Vanuatu, 2003–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (constant 2015 us$), annual growth rate in Vanuatu stood at 2.59 % change on previous year.
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 (constant 2015 us$), annual growth rate in Vanuatu peaked at 9.07 % change on previous year in 2006 and was at its lowest, -7.77 % change on previous year, in 2020.
Vanuatu ranks 128th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Vanuatu, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2003 | 6.84 % change on previous year | — |
| 2004 | 3.91 % change on previous year | -42.8% |
| 2005 | 6.62 % change on previous year | +69.2% |
| 2006 | 9.07 % change on previous year | +37.0% |
| 2007 | 0.7909 % change on previous year | -91.3% |
| 2008 | 4.74 % change on previous year | +499.4% |
| 2009 | 4.55 % change on previous year | -4.1% |
| 2010 | 2.69 % change on previous year | -40.8% |
| 2011 | 7.21 % change on previous year | +167.9% |
| 2012 | 4.42 % change on previous year | -38.7% |
| 2013 | -0.8866 % change on previous year | -120.1% |
| 2014 | 2.67 % change on previous year | -401.4% |
| 2015 | 1.26 % change on previous year | -52.9% |
| 2016 | 3.15 % change on previous year | +150.5% |
| 2017 | 2.92 % change on previous year | -7.5% |
| 2018 | 0.3456 % change on previous year | -88.1% |
| 2019 | 5.77 % change on previous year | +1568.2% |
| 2020 | -7.77 % change on previous year | -234.8% |
| 2021 | 0.1996 % change on previous year | -102.6% |
| 2022 | 5.77 % change on previous year | +2791.2% |
| 2023 | 6.75 % change on previous year | +17.0% |
| 2024 | 2.59 % change on previous year | -61.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.22 % change on previous year | 0.7909 % change on previous year | 9.07 % change on previous year | 7 |
| 2010s | 2.95 % change on previous year | -0.8866 % change on previous year | 7.21 % change on previous year | 10 |
| 2020s | 1.51 % change on previous year | -7.77 % change on previous year | 6.75 % change on previous year | 5 |
Countries ranked near Vanuatu
- 125 Saint Kitts and Nevis 2.77 % change on previous year compare
- 126 Serbia 2.71 % change on previous year compare
- 127 Suriname 2.63 % change on previous year compare
- 129 Sudan 2.59 % change on previous year compare
- 130 Senegal 2.54 % change on previous year compare
- 131 Croatia 2.54 % change on previous year 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)
- Services, value added (current US$), annual growth rate 6.95 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5676 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 2,248 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 6.99 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 67.64 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 267,862 current LCU per person (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4645 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 1,839 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Vanuatu?
- Services, value added (constant 2015 us$), annual growth rate in Vanuatu was 2.59 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Vanuatu?
- The highest recorded value was 9.07 % change on previous year in 2006.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Vanuatu?
- The lowest recorded value was -7.77 % change on previous year in 2020.
- How does Vanuatu rank for services, value added (constant 2015 us$), annual growth rate?
- Vanuatu ranks 128th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.