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General profile: Vanuatu

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
0.320 Millions
..
1 076 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 12 190 km²
12.04 %
1.62 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-1.8 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
38
49
39
60
Merchandise imports
149
285
367
473
Merchandise trade balance
-111
-236
-328
-413
Export structure by product group in 2023
(as % of total exports)
16 %16 %9 %9 %12 %12 %63 %63 %
Top 5 partners in 2023
(exports, millions of US$)
1612108516121085
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
139
277
258
(e) 232
Services imports
74
125
177
(e) 221
Services trade balance
65
152
81
(e) 11
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
18.7
11.4
13.3
(e) 32.1
Travel
61.6
78.5
80.6
(e) 51.6
Other services
19.7
10.1
6.1
(e) 16.3
TRADE INDICES
More data on UNCTADstat
12712012311613614811913310013985118151116139124122126939096999193931001001009591909290818586
ECONOMIC TRENDS
More data on UNCTADstat
+1.6 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
395
701
760
1 076
GDP per capita, current US$
1 874
2 941
2 855
3 357
Real GDP growth, y-on-y, %
5.30
1.63
0.16
1.62
Current account balance, % of GDP
-8.62
-6.02
-15.09
(e) -9.08
Exchange rate (/US$)
109.246
96.906
108.989
..
GDP by expenditure in 2022
(as % of total GDP)
67.623.058.215.957.567.623.058.215.957.5
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.4 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
27.57
(k) 59.82
(k) 31.00
9.27
FDI outflows
1.03
(k) 1.17
(k) 1.52
4.40
Personal remittances, % of GDP
..
..
6.60
..
Financial flows trends
(millions of US$)
150.0207.9143.7189.0142.9107.460.550.151.423.722.09114341533738493113138706032445771282520161820FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
-7.08
-6.13
-24.76
(e) -30.59
Balance, % of imports
-13.64
-11.66
-38.81
(e) -53.01
Normalized balance
-0.073
-0.062
-0.241
(e) -0.361
Trade openness²
(sum of imports and exports as % of GDP)
85746263871001011031039810197959998120909297
LIVING AREA
Population by living area in 2023
(% of population)
Urban 26%Urban 26%Rural 74%Rural 74%
OTHER INDICATORS
More data on UNCTADstat
0.066 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
2 145
2 684
2 707
1 507
Container port throughput (TEU)
..
..
..
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
..
0.38
..
..
Share of ICT goods, % of total imports
..
5.41
..
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
k
Asset/liability basis.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024