Includes historical data for Vanuatu’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economic Growth At Risk Due To Rising Oceans
Located in the Pacific Ring of Fire north of New Zealand, this archipelago nation consisting of 83 islands is a paradise of pristine beaches, blue lagoons, and rainforests. Along with tourism, agriculture, fishing and real estate are pillars of its economy. However, Vanuatu is also one of the world’s countries most at risk of climate change and natural hazards, including frequent earthquakes and volcanic eruptions.
In recent years, Vanuatu has taken steps to build a disaster-resilient future and strengthen its economic integration with the global marketplace. Yet, an inefficient regulatory environment, inadequate infrastructure, limited access to financing and an underdeveloped formal labor market continue to discourage private investment and entrepreneurial activity.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Port-Vila (on Efate) |
| Sovereign Ratings |
S&P: Not rated Moody’s: Not rated Fitch: Not rated |
| Total Population | 345,000 |
| Median Age | 19.6 |
| Adult Per Capita Income (PPP) | 5,884.41 |
| Total GDP (2023) | 1.3 billion |
Vanuatu GDP & Economic Overview
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Banking & Finance
Trade & Investment
| Total Exports | USD 423.7 million (2022) |
|---|---|
| Leading Exports |
Refined Petroleum Fishing Ships Poultry Meats Delivery Trucks Lumber Rice Broadcasting Equipment |
| Total Imports | USD 245.6 million (2022) |
| Leading Imports |
Tuna Floating Platforms Cargo Ships Perfume Plants Mollusks Copra |
| Source: | World Integrated Trade Solution |
Vanuatu Leading Companies
| National Bank of Vanuatu | Financials |
|---|---|
| Vanuatu Ports Corporation | Transportation, Marine Ports & Services |
| Air Vanuatu | Transportation, Airlines |
Major Trade Partners — Import
| Australia | 29.7% |
|---|---|
| Singapore | 18.2% |
| New Zealand | 12.7% |
| Fiji | 8.0% |
| China | 6.9% |
Major Trade Partners — Export
| Malaysia | 20.5% |
|---|---|
| Philippines | 18.0% |
| New Zealand | 11.4% |
| Australia | 11.3% |
| Fiji | 8.1% |
Global Finance Rankings & Awards
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000