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Vanuatu GDP and Economic Data

Country Report 2017 - Includes Vanuatu real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Vanuatu economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Vanuatu best banks and safest banks are also available.

 
 
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Central bank

Reserve Bank of Vanuatu

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International Reserves

USD 0.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 0.8 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 0.8 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.5% 5.2% 6.5% 3.3% 1.6% 1.2% 1.8%
2013 2014 2015* 2016* 2017*    
2% 2.3% -0.8% 4% 4.5%    

*Estimate

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GDP per capita - current prices

USD 2,949.0 (2017, estimate)

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GDP per capita - PPP

Intl$ 2,745.6 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0% 0% 0% 0% 0.001%

*Estimate

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GDP - composition by sector
  • agriculture: 26% 
  • industry: 9% 
  • services: 65%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2013 2014 2015 2016* 2017*
1.5% 0.8% 2.5% 2.2% 2.6%

*Estimate

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Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
20.6% 19.3% 25.6% 33.5% 44.8%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017
-0.2% 0.8% 7.2% -10.6% -17.3%

*Estimate 

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -0.2 billion (2017 estimate)

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Current account balance by percentage of GDP

-21.1% (2017 estimate)

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Exports as percent of GDP (Exports of goods and services)

48.6% (2014)

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Shares in world total merchandising export

0.0% (2015)

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Shares in world total commercial services export

0.006% (2015)

 

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Total exports

USD 58.4 million (2016 estimate)

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Export commodities

Copra, beef, cocoa, timber, kava, coffee

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Total imports

USD 0.4 billion (2016 estimate)

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Import commodities

Machinery and equipment, foodstuffs, fuels

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Exports - major partners

Japan 35.1%, Turkey 10.5%, Thailand 8.7%, China 8.2%, Venezuela 5.9%, UK 5.6% (2015)

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Imports - major partners

China 16.7%, Australia 14.6%, Japan 13.9%, Singapore 10%, Fiji 9.3%, NZ 8.3%, New Caledonia 5.2% (2015)

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FDI inflows
2013 2014 2015
USD -19 million USD -18 million USD 29 million
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FDI outflows
2013 2014 2015
USD 0.5 million USD 0.6 million USD 1.6 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 83 out of 190 countries (2017)

Subcategories:

Starting a business: 126 out of 190 countries

Enforcing Contracts: 130 out of 190 countries

Registering Property: 81 out of 190 countries

Getting Credit: 20 out of 190 countries

Protecting Minority Investors: 106 out of 190 countries

Trading Across Borders: 145 out of 190 countries

Paying Taxes: 54 out of 190 countries

Dealing with Construction Permits: 134 out of 190 countries

Getting Electricity: 81 out of 190 countries

Resolving Insolvency: 93 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 89 / Score: 60.84 (Moderately free) (2014)

(100=totally free 0=totally repressed)

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Time zone

UTC+11

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Total area

12,189 sq km

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Capital

Port-Vila (on Efate)

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Currency

Vatu (VUV)

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Government type

Parliamentary republic

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Languages

Local languages (more than 100) 63.2%, Bislama (official; creole) 33.7%, English (official) 2%, French (official) 0.6%, other 0.5% (2009 est.)

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Religions

Protestant 70% (includes Presbyterian 27.9%, Anglican 15.1%, Seventh Day Adventist 12.5%, Assemblies of God 4.7%, Church of Christ 4.5%, Neil Thomas Ministry 3.1%, and Apostolic 2.2%), Roman Catholic 12.4%, customary beliefs 3.7% (including Jon Frum cargo cult), other 12.6%, none 1.1%, unspecified 0.2% (2009 est.)

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Total population
1990 2000 2010 2016* 2021*
0.148 million 0.191 million 0.24 million 0.275 million 0.308 million

*Estimate 

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Urban population as % of total population
1960 1980 2000 2015
10% 15% 22% 26%
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Population median age

21.7 years (2016 estimate)

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Population growth rate

1.9% (2016 estimate)

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Life expectancy

73.4 years (2016 estimate)

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Literacy

Total population: 85.2%
Male: 86.6%
Female: 83.8% (2015 est.)

(age 15 and over can read and write) 

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% of population living on less than $3.10 a day

12.8% (2010 estimate)

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Inequality of wealth distribution (Gini index)

37.2 (2010 estimate)

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Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2017)                         

(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed 1.82%   Mobile 66.25% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

22.35% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

0.4 (2013)

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