Vanuatu: PPG, official creditors (NFL, current US$)

Key figures

What the numbers say

In 2024, Vanuatu's PPG, official creditors (NFL, current US$) rose US$8.35 million on 2023 (from −US$2.29 million to US$6.06 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −US$157,197 and a typical year strayed about US$20.88 million 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 US$84.68 million in 2015 and the biggest yearly fall was US$34.46 million in 2023. 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 downward, about US$7.66 million a year. A straight line explains 74% 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.

How it compares

In 2024, Vanuatu had the 83rd highest value of the 118 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

• Burundi — 79th of 118: US$12.99 million
• Comoros — 80th of 118: US$10.12 million
• Lao PDR — 81st of 118: US$8.6 million
• Timor-Leste — 83rd of 118: US$4.15 million
• Syrian Arab Republic — 84th of 118: US$0
• Somalia, Fed. Rep. — 85th of 118: −US$3.75 million

What this measures

Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.

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

All 44 values

PPG, official creditors (NFL, current US$) in nearby economies

• Cambodia — US$1.13 billion (2024)
• China — −US$2.49 billion (2024)
• Fiji — US$129.17 million (2024)
• Indonesia — US$2.25 billion (2024)
• Lao PDR — US$8.6 million (2024)
• Mongolia — −US$356.47 million (2024)
• Myanmar — −US$43.59 million (2024)
• Papua New Guinea — US$378.17 million (2024)
• Philippines — US$4.91 billion (2024)
• Samoa — −US$29.61 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

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Questions people ask

What is Vanuatu's PPG, official creditors (NFL, current US$)?

US$6.06 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1981?

It is up 2,386% from −US$265,100 in 1981. The highest value was US$79.82 million in 2015 and the lowest −US$4.85 million in 2014.

How does Vanuatu rank?

83rd highest of 118 economies with data for 2024.

Is the latest change in PPG, official creditors (NFL, current US$) unusual for Vanuatu?

In 2024, Vanuatu's PPG, official creditors (NFL, current US$) rose US$8.35 million on 2023 (from −US$2.29 million to US$6.06 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$157,197 and a typical year strayed about US$20.88 million 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.

Source

World Bank, World Development Indicators, indicator DT.NFL.OFFT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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