Services, value added in Vanuatu
Vanuatu: Services, value added was 56.8% in 2024. ▼ Falling
Services, value added in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Vanuatu is 56.8%, measured in 2024. That is the lowest value across all 23 years on record.
The figure is down 2.1% on the previous year and down 5.1% over ten years.
Over the whole period, services, value added in Vanuatu peaked at 63.9% in 2012 and was at its lowest, 56.8%, in 2024.
Vanuatu ranks 113th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.5% | 58.9% | 63.5% | 8 |
| 2010s | 60.5% | 57.7% | 63.9% | 10 |
| 2020s | 57.9% | 56.8% | 59.1% | 5 |
Countries ranked near Vanuatu
- 110 North Macedonia 57.0% compare
- 111 San Marino 56.9% compare
- 112 Jordan 56.8% compare
- 114 Ireland 56.7% compare
- 115 South Sudan 56.6% compare
- 116 Argentina 56.2% 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)
- Taxes less subsidies on products (current US$), annual growth rate 4.49 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1023 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 405.05 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 4.54 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.19 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 48,268 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0062 (2024)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 161.45 (2024)
Frequently asked questions
- What is services, value added in Vanuatu?
- Services, value added in Vanuatu was 56.8% 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 63.9% in 2012.
- What is the lowest services, value added recorded in Vanuatu?
- The lowest recorded value was 56.8% in 2024.
- How does Vanuatu rank for services, value added?
- Vanuatu ranks 113th out of 204 countries with data for 2024.
- Is services, value added rising or falling in Vanuatu?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.