Services, value added (current LCU) in Vanuatu
Vanuatu: Services, value added (current LCU) was 87.80 billion current LCU in 2024. ▲ Rising
Services, value added in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Vanuatu recorded 87.80 billion current LCU for services, value added in 2024. That is the highest value across all 23 years on record.
The figure is up 7.0% on the previous year and up 71.9% over ten years.
Over the whole period, services, value added in Vanuatu peaked at 87.80 billion current LCU in 2024 and was at its lowest, 21.55 billion current LCU, in 2002.
Vanuatu ranks 135th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Services, value added (current LCU) in Vanuatu, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 21.55 billion current LCU | — |
| 2003 | 23.69 billion current LCU | +10.0% |
| 2004 | 24.95 billion current LCU | +5.3% |
| 2005 | 26.87 billion current LCU | +7.7% |
| 2006 | 30.85 billion current LCU | +14.8% |
| 2007 | 32.81 billion current LCU | +6.4% |
| 2008 | 36.69 billion current LCU | +11.8% |
| 2009 | 38.61 billion current LCU | +5.2% |
| 2010 | 40.12 billion current LCU | +3.9% |
| 2011 | 43.68 billion current LCU | +8.9% |
| 2012 | 44.29 billion current LCU | +1.4% |
| 2013 | 50.01 billion current LCU | +12.9% |
| 2014 | 51.07 billion current LCU | +2.1% |
| 2015 | 54.48 billion current LCU | +6.7% |
| 2016 | 59.23 billion current LCU | +8.7% |
| 2017 | 63.16 billion current LCU | +6.6% |
| 2018 | 65.72 billion current LCU | +4.1% |
| 2019 | 72.94 billion current LCU | +11.0% |
| 2020 | 67.59 billion current LCU | -7.3% |
| 2021 | 70.70 billion current LCU | +4.6% |
| 2022 | 77.40 billion current LCU | +9.5% |
| 2023 | 82.06 billion current LCU | +6.0% |
| 2024 | 87.80 billion current LCU | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.50 billion current LCU | 21.55 billion current LCU | 38.61 billion current LCU | 8 |
| 2010s | 54.47 billion current LCU | 40.12 billion current LCU | 72.94 billion current LCU | 10 |
| 2020s | 77.11 billion current LCU | 67.59 billion current LCU | 87.80 billion current LCU | 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 87.80 billion current LCU 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 87.80 billion current LCU in 2024.
- What is the lowest services, value added recorded in Vanuatu?
- The lowest recorded value was 21.55 billion current LCU in 2002.
- How does Vanuatu rank for services, value added?
- Vanuatu ranks 135th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Vanuatu?
- Over the last ten years it is up 71.9%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.