Services, value added in Vanuatu
Vanuatu: Services, value added was 602.90 million constant 2015 US$ in 2024. ▲ Rising
Services, value added in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Vanuatu is 602.90 million constant 2015 US$, measured in 2024. That is the highest value across all 23 years on record.
That represents a change of up 2.6% on the previous year and up 22.1% over ten years.
Over the whole period, services, value added in Vanuatu peaked at 602.90 million constant 2015 US$ in 2024 and was at its lowest, 296.18 million constant 2015 US$, in 2002.
That places Vanuatu 189th out of 196 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Services, value added in Vanuatu, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2002 | 296.18 million constant 2015 US$ | — |
| 2003 | 316.44 million constant 2015 US$ | +6.8% |
| 2004 | 328.81 million constant 2015 US$ | +3.9% |
| 2005 | 350.56 million constant 2015 US$ | +6.6% |
| 2006 | 382.34 million constant 2015 US$ | +9.1% |
| 2007 | 385.37 million constant 2015 US$ | +0.8% |
| 2008 | 403.63 million constant 2015 US$ | +4.7% |
| 2009 | 421.99 million constant 2015 US$ | +4.5% |
| 2010 | 433.35 million constant 2015 US$ | +2.7% |
| 2011 | 464.58 million constant 2015 US$ | +7.2% |
| 2012 | 485.12 million constant 2015 US$ | +4.4% |
| 2013 | 480.82 million constant 2015 US$ | -0.9% |
| 2014 | 493.67 million constant 2015 US$ | +2.7% |
| 2015 | 499.88 million constant 2015 US$ | +1.3% |
| 2016 | 515.62 million constant 2015 US$ | +3.1% |
| 2017 | 530.65 million constant 2015 US$ | +2.9% |
| 2018 | 532.49 million constant 2015 US$ | +0.3% |
| 2019 | 563.19 million constant 2015 US$ | +5.8% |
| 2020 | 519.42 million constant 2015 US$ | -7.8% |
| 2021 | 520.46 million constant 2015 US$ | +0.2% |
| 2022 | 550.50 million constant 2015 US$ | +5.8% |
| 2023 | 587.67 million constant 2015 US$ | +6.8% |
| 2024 | 602.90 million constant 2015 US$ | +2.6% |
Vanuatu compared with similar countries
- Vanuatu's 602.90 million constant 2015 US$ is below the median for lower middle income countries, which is 12.91 billion constant 2015 US$, 5% of the median. (46 countries reporting)
- Vanuatu's 602.90 million constant 2015 US$ is below the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 4% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 360.66 million constant 2015 US$ | 296.18 million constant 2015 US$ | 421.99 million constant 2015 US$ | 8 |
| 2010s | 499.94 million constant 2015 US$ | 433.35 million constant 2015 US$ | 563.19 million constant 2015 US$ | 10 |
| 2020s | 556.19 million constant 2015 US$ | 519.42 million constant 2015 US$ | 602.90 million constant 2015 US$ | 5 |
Countries ranked near Vanuatu
- 186 Saint Kitts and Nevis 717.46 million constant 2015 US$ compare
- 187 Comoros 693.17 million constant 2015 US$ compare
- 188 Saint Vincent and the Grenadines 648.23 million constant 2015 US$ compare
- 190 Dominica 377.53 million constant 2015 US$ compare
- 191 Tonga 257.19 million constant 2015 US$ compare
- 192 Sao Tome and Principe 229.60 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$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is services, value added in Vanuatu?
- Services, value added in Vanuatu was 602.90 million constant 2015 US$ 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 602.90 million constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Vanuatu?
- The lowest recorded value was 296.18 million constant 2015 US$ in 2002.
- How does Vanuatu rank for services, value added?
- Vanuatu ranks 189th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Vanuatu?
- Over the last ten years it is up 22.1%. 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 Services, value added (constant 2015 US$). 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 defense, 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 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.