Worlddata.info

Indicators of economy in Vanuatu

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Vanuatu, on the other hand, reached USD 2,997 per capita, or 956.33 million USD for the whole country. Vanuatu is currently at number 195 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Vanuatu ranks 164th in the list of the richest countries.

Inflation in Vanuatu in 2021 was around 2.34%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 9.5 percent higher.
The index for perceived corruption in the public sector is 45, which is below average by global standards.


Back to overview: Vanuatu

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Vanuatu in 2020 decreased moderatly from 936.53 million US dollars to 896.88 million US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 4.2 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 77 percent. The unemployment rate rose from 1.8 to 2.1 percent. The consumer inflation rate has risen from 2.8 percent previously to 5.3 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Vanuatu
Total
Vanuatu
per capita
EU
Total
EU
per capita
GDP956.33 m USD2,996.62 USD17.177 tn USD33,384.92 USD
Gross national product1.04 bn USD3,244.06 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1979 - 2021



Imports and Exports 2021

 Vanuatu
Total
Vanuatu
per capita
EU
Total
EU
per capita
Imports376.07 m USD1,178.40 USD8.916 tn USD17,329.02 USD
Exports148.78 m USD466.19 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1982 - 2021

Exports
Imports



Vanuatu: AirportsLargest airports and airlines in VanuatuThe 29 biggest airports and in Vanuatu with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Netherlands: Public HolidaysPublic holidays in the Netherlands 2023-2027Statutory and inofficial holidays in the Netherlands for 2023 to 2027