Vanuatu's gross fixed capital formation (current LCU) was 37.69 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 194.53% from 12.8 billion in 2014 (11.41% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 37.69 billion | 2024 |
| Five years earlier | 17.31 billion | 2019 |
| Ten years earlier | 12.8 billion | 2014 |
| Highest | 37.69 billion | 2024 |
| Lowest | 2.14 billion | 1983 |
| Average since 2015 | 24.51 billion | 2015–2024 |
| First recorded | 2.14 billion |
What the numbers say
In 2024, Vanuatu's gross fixed capital formation (current LCU) rose 29.2% on 2023 (from 29.17 billion to 37.69 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.4% and a typical year strayed about 22.2% from that (the standard deviation). This year's change was 0.9 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 69.3% in 2015 and the biggest yearly fall was 26.4% in 2019. 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 19% 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 20th highest value of the 38 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
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 42 values
| Year | Gross fixed capital formation (current LCU) |
|---|---|
| 2024 | 37,691,000,000 |
| 2023 | 29,169,000,000 |
| 2022 | 25,539,000,000 |
| 2021 | 18,133,000,000 |
| 2020 | 19,210,000,000 |
| 2019 | 17,307,000,000 |
| 2018 | 23,517,000,000 |
| 2017 | 27,772,000,000 |
| 2016 | 25,128,000,000 |
| 2015 | 21,661,000,000 |
Gross fixed capital formation (current LCU) in nearby economies
- Australia — 676.07 billion (2025)
- Brunei Darussalam — 5.29 billion (2025)
- Cambodia — 63.6 trillion (2025)
- China — 53.45 trillion (2024)
- Fiji — 2.72 billion (2024)
- French Polynesia — 152.8 billion (2024)
- Hong Kong SAR, China — 564.37 billion (2025)
- Indonesia — 6,852.62 trillion (2025)
- Japan — 176.4 trillion (2024)
- Kiribati
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 gross fixed capital formation (current LCU)?
- 37.69 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1983?
- It is up 1,660% from 2.14 billion in 1983 (7.24% a year on average, compounded). The highest value was 37.69 billion in 2024 and the lowest 2.14 billion in 1983.
- How does Vanuatu rank?
- 20th highest of 38 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current LCU) unusual for Vanuatu?
- In 2024, Vanuatu's gross fixed capital formation (current LCU) rose 29.2% on 2023 (from 29.17 billion to 37.69 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.4% and a typical year strayed about 22.2% from that (the standard deviation). This year's change was 0.9 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.GDI.FTOT.CN, 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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