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Vanuatu GDP and Economic Data

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.

Corporate Tax Rates by Country

Corporate Tax Rates by Country

Taxes paid by corporations can be measured in a number of ways, including the marginal corporate tax rate and the total taxes paid as a percentage of profits.

 
 
Source
Central bank

Reserve Bank of Vanuatu

Source
International Reserves

USD 0.42 billion (2018)

International Monetary Fund (IMF)

Source
Gross Domestic Product - GDP

USD 0.9 billion (2018, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 0.8 billion (2018, estimate)

Source
Real GDP growth
2014 2015* 2016* 2017* 2018*
2.3% 0.2% 3.5% 4.4%* 3.2%*

*Estimate

Source
GDP per capita - current prices

USD 3,254.1 (2018, estimate)

Source
GDP per capita - PPP

Intl$ 2,861.8 (2018, estimate)

Source
GDP (PPP) - share of world total

0.001% (2019)

Source
 
 
Source
GDP - composition by sector
  • agriculture: 27.3% 
  • industry: 11.8% 
  • services: 60.8%

(2016 estimate)

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

N/A

 

Source
Inflation
2015 2016 2017 2018* 2019*
2.5% 0.8% 3.1% 2.9% 2.0%

*Estimate

Source
Unemployment rate
2015 2016 2017 2018* 2019*
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2015 2016 2017* 2018* 2019*
34.7% 45.2% 52.1% 51.4% 49.2%

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017* 2018* 2019*
-7.3% -3.9% -0.9% 4.8% -0.6%

*Estimate

Source
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

N/A

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Largest companies

N/A

Source
 
 
Source
Current account balance

USD 0.0 billion (2018 estimate)

Source
Current account balance by percentage of GDP

-3.4% (2018 estimate)

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

48.6% (2014)

Source
Shares in world total merchandising export

0.0004% (2018)

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Shares in world total commercial services export

0.01% (2017)

 

Source
Total exports

USD 414.0 million (2017 estimate)

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Export commodities

Copra, beef (veal), cocoa, timber, kava, coffee, coconut oil, shell, cowhides, coconut meal, fish

Source
Total imports

USD 448.6 (2017 estimate)

Source
 
 
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Import commodities

Machinery and equipment, foodstuffs, fuels

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Exports - major partners

Philippines 23.9%, Australia 16.5%, US 10.4%, Japan 8.8%, Venezuela 8%, France 4.8%, Fiji 4.5%, Hong Kong 4.4% (2017)

Source
Imports - major partners

Russia 35.2%, Australia 19.8%, NZ 9.8%, China 6.3%, Fiji 5.5% (2017)

Source
FDI inflows
2016 2017 2018
USD 22 million USD 24 million USD 38 million
Source
FDI outflows
2016 2017 2018
USD 0.9 million USD 1.1 million USD 1.2 million
Source
Value of cross-border M&A, by country of purchaser
N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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

N/A

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

Source
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: 107 out of 190 countries

Subcategories:

Starting a Business: 137 out of 190 countries

Dealing with Construction Permits: 163 out of 190 countries

Getting Electricity: 101 out of 190 countries

Registering Property: 84 out of 190 countries

Getting Credit: 37 out of 190 countries

Protecting Minority Investors: 147 out of 190 countries

Paying Taxes: 67 out of 190 countries

Trading across Borders: 148 out of 190 countries

Enforcing Contracts: 138 out of 190 countries

Resolving Insolvency: 101 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 116 / Score: 56.4 (Moderately free) (201)

(100=totally free 0=totally repressed)

Source
 
 
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Time zone

UTC+11

Source
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.)

Source
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.)

Source
Total population
1990 2000 2010 2015 2020*
0.15 million 0.19 million 0.24 million 0.27 million 0.3 million

*Estimate 

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2018
10.4% 14.7% 21.7% 25.3%
Source
Population median age

22.3 years (2018 estimate)

Source
Population growth rate

1.81% (2018 estimate)

Source
Life expectancy

74 years (2018 estimate)

Source
Literacy

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

(age 15 and over can read and write) 

Source
% of population living on less than $3.10 a day

39.2% (2010 estimate)

Source
Inequality of wealth distribution (Gini index)

37.8 (2010 estimate)

Source
Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed 1.6%   Mobile 79.9% (2017)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

25.72% (2017)

Source
Mercer Cost of living index

N/A

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CO2 emissions

0.58 (2014)

Source
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