Economic Trivia

Copra, cocoa, kava, and beef all provide for the majority of Vanuatu's exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2011): Australia, Singapore, and New Zealand
Top 3 Exported Goods (2011): Oil Seeds, Fats & Oils, and Seafood

Top Industries Source: CIA World Factbook

Food and Fish Freezing; Wood Processing; Meat Canning

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $832,991,141 (2016)
GDP Growth Rate (annual %) 4.001% (2016)
GDP Per Capita, PPP (current international) $3,081 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 186/195 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.859% (2016)
External debt stocks, total (DOD, current US$) $213,109,000 (2016)
Total tax rate (% of commercial profits) 8.5% (2017)
Real Interest Rate (5 year average %) 0.746% (2016)
Manufacturing, value added (% of GDP) 3.708% (2014)
Current Account Balance (BoP, current US$) ($82,051,487) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 124,827 (2017)
Employment in Agriculture (% of total employment) 64.923% (2017)
Employment in Industry (% of total employment) 5.912% (2017)
Employment in Services (% of total employment) 29.165% (2017)
Unemployment Rate 5.225% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $402,516,902 (2014)
Exports of goods and services (current US$) $395,707,503 (2014)
Total Merchandise Trade (% of GDP) 61.399% (2016)
FDI, net inflows (BoP, current US$) $31,021,246 (2015)
Commercial Service Exports (current US$) $277,492,850 (2015)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Vanuatu’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank