Services, value added in Vanuatu
Vanuatu: Services, value added was 87.80 billion constant LCU in 2024. ▲ Rising
Services, value added in Vanuatu, 2002–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, services, value added in Vanuatu stood at 87.80 billion constant LCU. That is the highest value across all 23 years on record.
The figure is up 2.6% on the previous year and up 22.1% over ten years.
Over the whole period, services, value added in Vanuatu peaked at 87.80 billion constant LCU in 2024 and was at its lowest, 43.13 billion constant LCU, in 2002.
That places Vanuatu 125th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52.52 billion constant LCU | 43.13 billion constant LCU | 61.45 billion constant LCU | 8 |
| 2010s | 72.80 billion constant LCU | 63.11 billion constant LCU | 82.02 billion constant LCU | 10 |
| 2020s | 81.00 billion constant LCU | 75.64 billion constant LCU | 87.80 billion constant LCU | 5 |
Countries ranked near Vanuatu
More economy & growth data for Vanuatu
- DEC alternative conversion factor 120.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 21.20 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 176.23 million current US$ (2025)
- Taxes less subsidies on products 15.82 billion current LCU (2024)
- Taxes less subsidies on products 132.76 million current US$ (2024)
- Net primary income (Net income from abroad) 15.98 billion current LCU (2025)
- Net primary income (Net income from abroad) 132.79 million current US$ (2025)
- GNI per capita 533,631 current LCU (2025)
- GNI per capita, Atlas method 4,410 current US$ (2025)
- GNI 178.86 billion current LCU (2025)
Frequently asked questions
- What is services, value added in Vanuatu?
- Services, value added in Vanuatu was 87.80 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Vanuatu?
- The highest recorded value was 87.80 billion constant LCU in 2024.
- What is the lowest services, value added recorded in Vanuatu?
- The lowest recorded value was 43.13 billion constant LCU in 2002.
- How does Vanuatu rank for services, value added?
- Vanuatu ranks 125th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Vanuatu?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.