Vanuatu: Exports of goods and services (constant 2015 US$)

Key figures

What the numbers say

In 2024, Vanuatu's exports of goods and services (constant 2015 US$) rose 8.3% on 2023 (from US$273.55 million to US$296.14 million).

Across the 21 yearly changes before that (2003 to 2023), the average change was +9.3% and a typical year strayed about 37.2% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 126.3% in 2022 and the biggest yearly fall was 66.4% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Vanuatu had the 25th highest value of the 29 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.

Closest to Vanuatu in the 2024 ranking

• Tajikistan — 21st of 29: US$1.4 billion
• Bhutan — 22nd of 29: US$1.01 billion
• Solomon Islands — 23rd of 29: US$640.16 million
• Timor-Leste — 25th of 29: US$100.05 million
• Palau — 26th of 29: US$92.19 million
• Marshall Islands — 27th of 29: US$90.49 million

What this measures

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 23 values

Exports of goods and services (constant 2015 US$) in nearby economies

• American Samoa — US$293.26 million (2022)
• Australia — US$329.57 billion (2025)
• Brunei Darussalam — US$9.2 billion (2025)
• Cambodia — US$27.9 billion (2025)
• Guam — US$464.77 million (2022)
• Hong Kong SAR, China — US$655.83 billion (2025)
• Indonesia — US$302.16 billion (2025)
• Japan — US$928.87 billion (2024)
• Kiribati — US$11.62 million (2024)
• Korea, Rep.

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

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Questions people ask

What is Vanuatu's exports of goods and services (constant 2015 US$)?

US$296.14 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 114.46% from US$138.09 million in 2002 (3.53% a year on average, compounded). The highest value was US$378.18 million in 2018 and the lowest US$67.78 million in 2021.

How does Vanuatu rank?

25th highest of 29 economies with data for 2024.

Is the latest change in exports of goods and services (constant 2015 US$) unusual for Vanuatu?

In 2024, Vanuatu's exports of goods and services (constant 2015 US$) rose 8.3% on 2023 (from US$273.55 million to US$296.14 million). Across the 21 yearly changes before that (2003 to 2023), the average change was +9.3% and a typical year strayed about 37.2% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.EXP.GNFS.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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