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Indicators of economy in Vanuatu

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Vanuatu, on the other hand, reached USD 3.127 per capita, or 983.47 million USD in the whole country. Vanuatu is currently at number 196 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Vanuatu is in the list of the world's richest countries in place 155.

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

Compared with the USA, prices for daily consumer goods are around 9.5% higher.
The Corruption Perceptions Index for the public sector counts 45 and is compared to other countries bad.


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 Dollar to 896.83 million US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 4.2% 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% previously to 5.3% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Vanuatu
Total
Vanuatu
per capita
EU
Total
EU
per capita
GDP983.47 m USD3,127.45 USD17.09 tn USD33,228.68 USD
Gross national product986.81 m USD3,138.05 USD16.78 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1979 - 2021



Im- and Exports 2020

 Vanuatu
Total
Vanuatu
per capita
EU
Total
EU
per capita
Imports376.07 m USD1,195.91 USD8,916.24 bn USD17,337.55 USD
Exports148.78 m USD473.12 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1982 - 2020

Exports
Imports



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