Vanuatu: Net secondary income (current US$, BoP)

Key figures

What the numbers say

In 2022, Vanuatu's net secondary income (current US$, BoP) fell US$78.48 million on 2021 (from US$197.64 million to US$119.17 million).

Across the 30 yearly changes before that (1992 to 2021), the average change was +US$5.45 million and a typical year strayed about US$19.37 million from that (the standard deviation). This year's change was 4.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$53.18 million in 2018 and the biggest yearly fall was US$78.48 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about US$17.71 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.

What this measures

Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 41 values

Net secondary income (current US$, BoP) in nearby economies

• Australia — −US$1.1 billion (2025)
• Brunei Darussalam — −US$718.16 million (2025)
• Cambodia — US$2.44 billion (2025)
• China — US$22.12 billion (2025)
• Fiji — US$510.04 million (2024)
• French Polynesia — US$531.65 million (2016)
• Hong Kong SAR, China — −US$3.01 billion (2025)
• Indonesia — US$6.72 billion (2025)
• Japan — −US$37.35 billion (2025)
• Kiribati — US$98.25 million (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

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Questions people ask

What is Vanuatu's net secondary income (current US$, BoP)?

US$119.17 million in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 401.96% from US$23.74 million in 1982 (4.12% a year on average, compounded). The highest value was US$197.64 million in 2021 and the lowest −US$548,058 in 1996.

Is the latest change in net secondary income (current US$, BoP) unusual for Vanuatu?

In 2022, Vanuatu's net secondary income (current US$, BoP) fell US$78.48 million on 2021 (from US$197.64 million to US$119.17 million). Across the 30 yearly changes before that (1992 to 2021), the average change was +US$5.45 million and a typical year strayed about US$19.37 million from that (the standard deviation). This year's change was 4.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator BN.TRF.CURR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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