Vanuatu: Industry, including construction, value added (annual % growth)

Key figures

What the numbers say

In 2024, Vanuatu's industry, including construction, value added (annual % growth) fell 3.91 percentage points on 2023 (from 14.92% to 11.01%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.59 percentage points and a typical year strayed about 23.55 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 44.42 percentage points in 2015 and the biggest yearly fall was 61.09 percentage points in 1983. 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 10% 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 5th highest value of the 26 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

• Tonga — 2nd of 26: 28.28%
• Kiribati — 3rd of 26: 21.1%
• Bahamas, The — 4th of 26: 12.48%
• Turks and Caicos Islands — 6th of 26: 9.05%
• Solomon Islands — 7th of 26: 8.33%
• Tajikistan — 8th of 26: 7.03%

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 45 values

Industry, including construction, value added (annual % growth) in nearby economies

• Australia — -0.58% (2025)
• Brunei Darussalam — 1.91% (2025)
• Cambodia — 8.71% (2025)
• China — 4.5% (2025)
• Fiji — 2.63% (2025)
• Hong Kong SAR, China — -4.98% (2025)
• Indonesia — 3.71% (2025)
• Japan — -4.58% (2024)
• Kiribati — 21.1% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Vanuatu's industry, including construction, value added (annual % growth)?

11.01% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 17.69 percentage points from -6.69% in 1980. The highest value was 41.75% in 2015 and the lowest -35.09% in 1983.

How does Vanuatu rank?

5th highest of 26 economies with data for 2024.

Is the latest change in industry, including construction, value added (annual % growth) unusual for Vanuatu?

In 2024, Vanuatu's industry, including construction, value added (annual % growth) fell 3.91 percentage points on 2023 (from 14.92% to 11.01%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.59 percentage points and a typical year strayed about 23.55 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 NV.IND.TOTL.KD.ZG, 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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