Vanuatu's gross Value Added (GVA) at basic prices (current US$) was US$1.17 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 47.05% from US$792.4 million in 2014 (3.93% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.17 billion | 2024 |
| Five years earlier | US$954.23 million | 2019 |
| Ten years earlier | US$792.4 million | 2014 |
| Highest | US$1.17 billion | 2024 |
| Lowest | US$98.14 million | 1982 |
| Average since 2015 | US$957 million | 2015–2024 |
| First recorded | US$119.26 million |
What the numbers say
In 2024, Vanuatu's gross Value Added (GVA) at basic prices (current US$) rose 9.8% on 2023 (from US$1.06 billion to US$1.17 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.2% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.5 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 23.1% in 1984 and the biggest yearly fall was 12.9% in 1981. 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$36.27 million a year. A straight line explains 93% 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$1.21 billion 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$27.31 million, against US$92.38 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 26th highest value of the 30 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$1.17 billion | 2024 |
| World | US$97.78 trillion | 2024 |
| Lower middle income | US$7.04 trillion | 2025 |
Closest to Vanuatu in the 2024 ranking
- Timor-Leste — 23rd of 30: US$1.93 billion
- Solomon Islands — 24th of 30: US$1.55 billion
- Turks and Caicos Islands — 25th of 30: US$1.44 billion
- Tonga — 27th of 30: US$555.38 million
- Kiribati — 28th of 30: US$349.94 million
- Palau — 29th of 30: US$281.37 million
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 46 values
| Year | Gross Value Added (GVA) at basic prices (current US$) |
|---|---|
| 2024 | 1,165,191,122 |
| 2023 | 1,061,080,911 |
| 2022 | 1,039,071,781 |
| 2021 | 996,066,787 |
| 2020 | 920,324,146 |
| 2019 | 954,228,314 |
| 2018 | 926,310,534 |
| 2017 | 901,755,229 |
| 2016 | 830,513,943 |
| 2015 | 775,425,690 |
Gross Value Added (GVA) at basic prices (current US$) in nearby economies
- Australia — US$1.68 trillion (2025)
- Brunei Darussalam — US$15.25 billion (2025)
- Cambodia — US$48.31 billion (2025)
- Fiji — US$5.26 billion (2025)
- French Polynesia — US$4.82 billion (2020)
- Hong Kong SAR, China — US$398.8 billion (2024)
- Indonesia — US$1.38 trillion (2025)
- Japan — US$4.16 trillion (2024)
- Kiribati — US$349.94 million (2024)
More economic policy & debt data for Vanuatu
- Grants, excluding technical cooperation (BoP, current US$) — 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 (current US$)?
- US$1.17 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 877.03% from US$119.26 million in 1979 (5.2% a year on average, compounded). The highest value was US$1.17 billion in 2024 and the lowest US$98.14 million in 1982.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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