Flag of vu

Vanuatu GDP Annual Growth Rate

Vanuatu's GDP annual growth rate rose to 3.97% in 2024, up from -0.96% in 2023, according to World Bank. This represents an increase of 4.93% from the previous year. Vanuatu has GDP annual growth rate higher than the global median (3.97% vs median 3.24%). Compared with the median in Oceania, Vanuatu is higher (3.97% vs regional median 3.00%) and ranks 6th out of 19 countries in Oceania.

Vanuatu's real GDP rose to $883.26 million in 2024, up from $849.56 million in 2023.

Yearly Historical Data (1980-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.97%
2023 -0.96%
2022 5.19%
2021 -1.55%
2020 -4.99%
2019 3.24%
2018 2.9%
2017 4.41%
2016 3.47%
2015 3.97%
2014 2.58%
2013 0.46%
2012 1.01%
2011 3.14%
2010 1.26%
2009 3.04%
2008 5.6%
2007 2.88%
2006 8.46%
2005 5.31%
2004 3.99%
2003 4.29%
2002 -5.2%
2001 -3.4%
2000 5.92%
1999 0.34%
1998 1.18%
1997 4.91%
1996 2.33%
1995 1%
1994 9.08%
1993 0.74%
1992 2.59%
1991 3.15%
1990 11.7%
1989 1.53%
1988 -1.69%
1987 -2.89%
1986 -0.15%
1985 1%
1984 9.57%
1983 3.01%
1982 1.98%
1981 4.38%
1980 -11.4%
Vanuatu GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Vanuatu's total economic output.
Indicator Last Value Prior Value Period
GDP $1.16B $1.13B 2024
GDP per Capita $2,694.7 $2,651.47 2024
GDP per Capita PPP $3,169.23 $3,118.4 2024
Real GDP $883.26M $849.56M 2024