Economic Policy & Debt · Vanuatu
Yearly data from 2003 to 2024, from the World Bank.
Vanuatu's GNI (annual % growth) was 0.17% in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.91 percentage points from 3.08% in 2014.
| Value | Year | |
|---|---|---|
| Latest | 0.17% | 2024 |
| Five years earlier | -1.87% | 2019 |
| Ten years earlier | 3.08% | 2014 |
| Highest | 14.66% | 2007 |
| Lowest | -1.87% | 2019 |
| Average since 2015 | 2.25% | 2015–2024 |
| First recorded | 2.47% | 2003 |
Over five years it is up 2.04 percentage points from -1.87% in 2019. Since 2003 it is down 2.3 percentage points from 2.47% in 2003.
In 2024, Vanuatu's GNI (annual % growth) rose 0.52 percentage points on 2023 (from -0.35% to 0.17%).
Across the 20 yearly changes before that (2004 to 2023), the average change was −0.14 percentage points and a typical year strayed about 5.38 percentage points from that (the standard deviation). This year's change was 0.1 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 11.96 percentage points in 2020 and the biggest yearly fall was 12.78 percentage points in 2008. 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 less than 1% 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.
In 2024, Vanuatu had the 39th highest value of the 47 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 | 0.17% | 2024 |
| World | 2.51% | 2024 |
| Lower middle income | 6.39% | 2025 |
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
| Year | GNI (annual % growth) |
|---|---|
| 2024 | 0.1688 |
| 2023 | -0.3533 |
| 2022 | 2.84 |
| 2021 | 4.4 |
| 2020 | 10.09 |
| 2019 | -1.87 |
| 2018 | 3.92 |
| 2017 | -1.01 |
| 2016 | 2.18 |
| 2015 | 2.12 |
| 2014 | 3.08 |
| 2013 | 4.37 |
| 2012 | 1.69 |
| 2011 | 0.59 |
| 2010 | 1.63 |
| 2009 | 0.3929 |
| 2008 | 1.88 |
| 2007 | 14.66 |
| 2006 | 10.7 |
| 2005 | 1.98 |
| 2004 | 5.65 |
| 2003 | 2.47 |
Every indicator for Vanuatu is on the Vanuatu data page.
World Bank, World Development Indicators, indicator NY.GNP.MKTP.KD.ZG, 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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