Vanuatu's gross Value Added (GVA) at basic prices (constant 2015 US$) was US$955.45 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 27.69% from US$748.26 million in 2014 (2.47% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$955.45 million | 2024 |
| Five years earlier | US$870.84 million | 2019 |
| Ten years earlier | US$748.26 million | 2014 |
| Highest | US$955.45 million | 2024 |
| Lowest | US$484.78 million | 2002 |
| Average since 2015 | US$851.59 million | 2015–2024 |
| First recorded | US$504.39 million |
What the numbers say
In 2024, Vanuatu's gross Value Added (GVA) at basic prices (constant 2015 US$) rose 3.8% on 2023 (from US$920.65 million to US$955.45 million).
Across the 25 yearly changes before that (1999 to 2023), the average change was +2.5% and a typical year strayed about 3.5% from that (the standard deviation). This year's change was 0.4 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 8.4% in 2006 and the biggest yearly fall was 5.8% 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 upward, about US$15.02 million a year. A straight line explains 72% 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.
A straight-line projection, tested first
Extending that straight line gives about US$976.64 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$27.37 million, against US$88.94 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Vanuatu had the 22nd highest value of the 25 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$955.45 million | 2024 |
| World | US$84.85 trillion | 2024 |
| Lower middle income | US$6.85 trillion | 2025 |
Closest to Vanuatu in the 2024 ranking
- Turks and Caicos Islands — 18th of 25: US$2.34 billion
- Timor-Leste — 19th of 25: US$1.62 billion
- Solomon Islands — 20th of 25: US$1.45 billion
- Tonga — 22nd of 25: US$427.12 million
- Kiribati — 23rd of 25: US$273.29 million
- Palau — 24th of 25: US$233.52 million
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 27 values
| Year | Gross Value Added (GVA) at basic prices (constant 2015 US$) |
|---|---|
| 2024 | 955,449,662 |
| 2023 | 920,651,233 |
| 2022 | 866,358,987 |
| 2021 | 825,211,575 |
| 2020 | 820,661,102 |
| 2019 | 870,840,235 |
| 2018 | 841,432,958 |
| 2017 | 830,137,494 |
| 2016 | 809,760,937 |
| 2015 | 775,425,690 |
Gross Value Added (GVA) at basic prices (constant 2015 US$) in nearby economies
- Australia — US$1.59 trillion (2025)
- Brunei Darussalam — US$14.03 billion (2025)
- Cambodia — US$38.08 billion (2025)
- Fiji — US$4.32 billion (2025)
- Hong Kong SAR, China — US$335.83 billion (2025)
- Indonesia — US$1.25 trillion (2025)
- Japan — US$4.72 trillion (2024)
- Kiribati — US$273.29 million (2024)
- Korea, Rep. — US$1.81 trillion (2025)
More economic policy & debt data for Vanuatu
- Grants, excluding technical cooperation (BoP, current US$) — 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 gross Value Added (GVA) at basic prices (constant 2015 US$)?
- US$955.45 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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