Vanuatu's external balance on goods and services (constant LCU) was -35.09 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 146.52% from -14.23 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -35.09 billion | 2024 |
| Five years earlier | -11.76 billion | 2019 |
| Ten years earlier | -14.23 billion | 2014 |
| Highest | -9.39 billion | 2006 |
| Lowest | -62.34 billion | 2021 |
| Average since 2015 | -32.14 billion | 2015–2024 |
| First recorded | -9.39 billion |
What the numbers say
In 2024, Vanuatu's external balance on goods and services (constant LCU) fell 1.41 billion on 2023 (from -33.68 billion to -35.09 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was −1.43 billion and a typical year strayed about 13.23 billion from that (the standard deviation). This year's change was 0.0 standard deviations above 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 21.05 billion in 2023 and the biggest yearly fall was 43.28 billion 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 the straight-line trend is downward, about 3.56 billion a year. A straight line explains 31% 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 2024, Vanuatu had the 14th highest value of the 18 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
- Timor-Leste — 11th of 18: -1.15 billion
- New Zealand — 12th of 18: -3.69 billion
- Solomon Islands — 13th of 18: -4.73 billion
- Angola — 15th of 18: -919.98 billion
- United States — 16th of 18: -984.55 billion
- Kazakhstan — 17th of 18: -2.08 trillion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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 varies by country. This series is expressed in local currency units.
All 19 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -35,089,000,000 |
| 2023 | -33,675,000,000 |
| 2022 | -54,726,000,000 |
| 2021 | -62,343,000,000 |
| 2020 | -55,038,000,000 |
| 2019 | -11,760,000,000 |
| 2018 | -9,469,000,000 |
| 2017 | -13,375,000,000 |
| 2016 | -20,518,000,000 |
| 2015 | -25,406,000,000 |
External balance on goods and services (constant LCU) in nearby economies
- American Samoa — -249 million (2022)
- Brunei Darussalam — 4.61 billion (2025)
- Cambodia — -3.91 trillion (2025)
- Guam — -3.3 billion (2022)
- Indonesia — 616.22 trillion (2025)
- Japan — 5.75 trillion (2024)
- Malaysia — 56.44 billion (2025)
- Marshall Islands — -110.12 million (2024)
- Mongolia — -11.74 trillion (2025)
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 external balance on goods and services (constant LCU)?
- -35.09 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 273.66% from -9.39 billion in 2006. The highest value was -9.39 billion in 2006 and the lowest -62.34 billion in 2021.
- How does Vanuatu rank?
- 14th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Vanuatu?
- In 2024, Vanuatu's external balance on goods and services (constant LCU) fell 1.41 billion on 2023 (from -33.68 billion to -35.09 billion). Across the 17 yearly changes before that (2007 to 2023), the average change was −1.43 billion and a typical year strayed about 13.23 billion from that (the standard deviation). This year's change was 0.0 standard deviations above 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.RSB.GNFS.KN, 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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