Vanuatu's adjusted net national income per capita (constant 2015 US$) was US$4,094 in 2021, the latest year in the World Bank's World Development Indicators. That is up 40.09% from US$2,922 in 2011 (3.43% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$4,094 | 2021 |
| Five years earlier | US$2,870 | 2016 |
| Ten years earlier | US$2,922 | 2011 |
| Highest | US$4,435 | 2020 |
| Lowest | US$2,568 | 2015 |
| Average since 2012 | US$3,450 | 2012–2021 |
| First recorded | US$2,596 |
What the numbers say
In 2021, Vanuatu's adjusted net national income per capita (constant 2015 US$) fell US$340.76 on 2020 (from US$4,435 to US$4,094).
Across the 18 yearly changes before that (2003 to 2020), the average change was +US$102.13 and a typical year strayed about US$323.53 from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$1,137 in 2017 and the biggest yearly fall was US$340.76 in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is upward, about US$213.97 a year. A straight line explains 76% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Vanuatu had the 72nd highest value of the 135 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Vanuatu | US$4,094 | 2021 |
| World | US$8,785 | 2021 |
| East Asia & Pacific | US$8,653 | 2021 |
| Lower middle income | US$1,894 | 2021 |
Closest to Vanuatu in the 2021 ranking
What this measures
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 20 values
| Year | Adjusted net national income per capita (constant 2015 US$) |
|---|---|
| 2021 | 4,094 |
| 2020 | 4,435 |
| 2019 | 4,344 |
| 2018 | 3,772 |
| 2017 | 4,007 |
| 2016 | 2,870 |
| 2015 | 2,568 |
| 2014 | 2,759 |
| 2013 | 2,825 |
| 2012 | 2,831 |
| 2011 |
Adjusted net national income per capita (constant 2015 US$) in nearby economies
- Brunei Darussalam — US$22,591 (2021)
- Cambodia — US$1,292 (2021)
- China — US$7,861 (2021)
- Indonesia — US$2,924 (2021)
- Japan — US$26,816 (2021)
- Kiribati — US$2,496 (2021)
- Korea, Rep. — US$25,334 (2021)
- Lao PDR — US$1,838 (2016)
- Malaysia — US$7,438 (2021)
More economic policy & debt data for Vanuatu
- Grants, excluding technical cooperation (BoP, current US$) — US$153.1 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$118.44 million (2023)
- Net official development assistance and official aid received (current US$) — US$150.05 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$150.05 million (2023)
- Net official development assistance received (current US$) — US$150.05 million (2023)
- Net official development assistance received (constant 2023 US$) — US$150.05 million (2023)
- Net ODA received per capita (current US$) — US$468.32 (2023)
- Technical cooperation grants (BoP, current US$)
Reading data like this
Questions people ask
- What is Vanuatu's adjusted net national income per capita (constant 2015 US$)?
- US$4,094 in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is up 57.68% from US$2,596 in 2002 (2.43% a year on average, compounded). The highest value was US$4,435 in 2020 and the lowest US$2,568 in 2015.
- How does Vanuatu rank?
- 72nd highest of 135 economies with data for 2021.
- Is the latest change in adjusted net national income per capita (constant 2015 US$) unusual for Vanuatu?
- In 2021, Vanuatu's adjusted net national income per capita (constant 2015 US$) fell US$340.76 on 2020 (from US$4,435 to US$4,094). Across the 18 yearly changes before that (2003 to 2020), the average change was +US$102.13 and a typical year strayed about US$323.53 from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNTY.PC.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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