Vanuatu

Description of Vanuatu

Vanuatu, an archipelago nation in the South Pacific Ocean, stands at a unique crossroads of culture, geopolitics, and economic development. With its diverse population, stunning natural landscapes, and strategic location, Vanuatu holds immense potential for growth and prosperity. As we delve into the macroeconomic landscape and geopolitical dynamics of Vanuatu, we uncover a rich tapestry of challenges and opportunities that shape the country's trajectory on the global stage.

Population And Age Structure

Vanuatu has a total population of 311,685, ranking 172 out of 194 countries. This is significantly below the average global population of 40,097,746.

The percentage of the population ages 0-14 in Vanuatu is 39.76%, higher than the average of 27.34%. Vanuatu ranks 35 out of 194 countries for this demographic.

Vanuatu's total population ages 0-14 is 123,918, placing it at a rank of 164 out of 194, well below the average of 10,327,380.

Approximately 56.53% of Vanuatu's population falls within the ages 15-64 category, ranking 162 out of 194 countries. This is lower than the global average of 63.44%.

The total population ages 15-64 in Vanuatu is 176,193, ranking 173 out of 194 countries, significantly below the average of 26,003,407.

Vanuatu has 3.71% of its population aged 65 and above, ranking 142 out of 194 countries. This is lower than the average global percentage of 9.22%.

The total population ages 65 and above in Vanuatu is 11,574, placing it at a rank of 177 out of 194 countries, well below the average of 3,766,959.

Summary

Vanuatu has a relatively small total population and a higher percentage of young individuals aged 0-14 compared to the global average. Conversely, it has a lower percentage of individuals in the 15-64 age group and aged 65 and above. These demographic indicators are important as they can impact various aspects of the country's development, such as healthcare, education, workforce composition, and social welfare programs.

Population Miscellaneous

For the attribute of Rural population, Vanuatu has a value of 232,127, which is significantly lower than the average of 18,044,041. Vanuatu ranks 156th out of 190 countries in this category.

Vanuatu's Rural population (% of total population) stands at 74.475, notably above the average of 41.158%. This places Vanuatu at the 21st position out of 190 countries.

In terms of Urban population, Vanuatu has 79,558 individuals, much lower than the average of 22,425,747. Vanuatu ranks 173rd out of 194 countries for Urban population.

Vanuatu's Urban population (% of total population) is 25.525%, well below the average of 59.691%. This positions Vanuatu at 174th place out of 194 countries.

The Age dependency ratio for Vanuatu is 76.90%, higher than the average of 59.22%. Vanuatu ranks 33rd out of 194 countries based on this ratio.

Vanuatu's Birth rate, crude, at 29.939 per 1,000 people, exceeds the average of 19.384. It ranks 37th out of 192 countries for this metric.

Regarding the Death rate, crude, Vanuatu's value of 5.487 per 1,000 people is below the average of 8.214. The country is ranked 169th out of 192 countries in this aspect.

Vanuatu's Fertility rate, total (births per woman), stands at 3.778, higher than the average of 2.603. Vanuatu holds the 40th position out of 190 countries regarding this rate.

Summary

In summary, Vanuatu exhibits a unique demographic profile with a significantly higher rural population percentage, lower urban population percentage, and higher age dependency ratio compared to global averages. The country also has higher birth rates and fertility rates but lower death rates. These indicators are important as they provide insights into Vanuatu's population distribution, demographic trends, and potential challenges or opportunities related to healthcare, infrastructure, and social services.

Natural Resources

1. Forest Area (sq. km): Vanuatu has a forest area of 4423 sq. km, which is below the global average of 211606. Vanuatu ranks 139th out of 191 countries in this attribute data.

2. Land Area (sq. km): Vanuatu's land area of 12190 sq. km is well below the average of 665166 sq. km. The country ranks 156th out of 194 countries in this attribute data.

3. Surface Area (sq. km): With a surface area of 12190 sq. km, Vanuatu falls short of the average of 689779 sq. km. It ranks 157th out of 194 countries.

4. Arable Land (hectares): Vanuatu's 20000 hectares of arable land is significantly below the average of 7329543 hectares. The country ranks 164th out of 190 countries in this attribute data.

5. Land under Cereal Production (hectares): Vanuatu's land under cereal production is 1508 hectares, far below the average of 4206011 hectares. It ranks 159th out of 174 countries.

6. Average Precipitation in Depth (mm per year): Vanuatu receives an average precipitation of 2000 mm per year, much higher than the average of 1157. Vanuatu ranks 31st out of 178 countries in this attribute data.

7. Renewable Internal Freshwater Resources, Total (billion cubic meters): Vanuatu has 10 billion cubic meters of renewable internal freshwater resources, below the average of 240.41 billion cubic meters. It ranks 125th out of 178 countries in this attribute data.

Summary

Vanuatu displays a notable contrast in key macroeconomic indicators: it has limited forest, land, arable land, and land under cereal production compared to global averages. However, the country excels in receiving above-average precipitation levels and maintaining a decent amount of renewable internal freshwater resources. These indicators are crucial as they highlight Vanuatu's environmental capacity for agricultural productivity, sustainable development, and resilience to climate change impacts.

Resource Rents

Vanuatu's total natural resources rents account for 0.63% of its GDP, significantly below the average of 4.63%. This places Vanuatu at rank 113 out of 175 countries included in the data set.

Similarly, Vanuatu's forest rents as a percentage of GDP stand at 0.63%, which is below the average of 1.53%. In this category, Vanuatu is ranked 66 out of 174 countries.

Summary

Vanuatu has relatively low total natural resources rents and forest rents as a percentage of its GDP compared to the global average, ranking 113th and 66th out of the countries included in the dataset, respectively. This indicates that Vanuatu may not be fully capitalizing on its natural resources potential, which could hinder its economic development and sustainability in the long run.

Commodities

Vanuatu's cereal production stands at 931.39 metric tons, significantly below the attribute average of 17,249,945.93 metric tons. The country ranks 163 out of 174 countries in this category.

Vanuatu's aquaculture production is 3.08 metric tons, far lower than the attribute average of 679,642.92 metric tons. The country ranks 175 out of 180 countries in this aspect.

In terms of capture fisheries production, Vanuatu produces 51,409.42 metric tons, falling below the attribute average of 467,453.06 metric tons. The country ranks 97 out of 190 countries included in the data.

Vanuatu's total fisheries production is 51,412.50 metric tons, also below the attribute average of 1,153,914.85 metric tons. The country ranks 99 out of 182 countries in this category.

Regarding fertilizer consumption, Vanuatu's 0.102 kilograms per hectare of arable land is substantially lower than the attribute average of 159.04 kilograms per hectare. The country ranks 186 out of 187 countries in this metric.

Summary

Vanuatu's agricultural and fisheries productions are significantly below the attribute averages, ranking quite low among countries listed. Particularly concerning is the country's extremely low fertilizer consumption which is far below the average, placing Vanuatu at the second-lowest position globally. These indicators suggest the need for substantial improvements and investments in Vanuatu's agricultural and fisheries sectors to enhance food security, boost economic growth, and increase sustainability.

Intellectual Property

Vanuatu's nonresident trademark applications are significantly below the average of 15,878. With a value of 182, Vanuatu is ranked 127th out of 130 countries in this data set.

The country's resident trademark applications, with a value of 12, are well below the average of 111,056. Vanuatu ranks 126th out of 129 countries for this attribute.

Vanuatu's production of scientific and technical journal articles, at 12.43, is notably lower than the average of 15,103. The country is ranked 173rd out of 192 countries included in the data.

Vanuatu's payments for the use of intellectual property stand at 392,671 USD, significantly lower than the average of 3,218,349,494 USD. The country ranks 133rd out of 143 countries for this metric.

On the receipts side for intellectual property use, Vanuatu's figure of 532,789 USD is also considerably lower than the average of 3,191,687,118 USD. Vanuatu ranks 96th out of 122 countries for this aspect.

Summary

Vanuatu's performance across key macroeconomic indicators such as trademark applications, scientific article production, and payments/receipts for intellectual property reflects its position as a low-ranking player in the global economy. With below-average values in these areas and consistently ranking in the bottom quintile or quartile compared to other countries, Vanuatu's economic development may be hindered by limited innovation, intellectual property utilization, and international trade partnerships, highlighting the need for strategic reforms and investments to enhance its competitiveness and integration into the global marketplace.

Broad Economy Attributes

Vanuatu's GDP (current US$) stands at $909,421,043.51, significantly below the average GDP of $442,870,224,838.68. The country ranks 178th out of 189 countries in this dataset. Vanuatu's GDP, PPP (current international $) is $937,720,416.86, well below the average of $734,141,122,350.78. The country holds the 173rd position out of 181 countries. The GDP per capita (current US$) for Vanuatu is $2,917.76, which is notably lower than the average of $15,462.11. Vanuatu ranks 133rd out of 190 countries. Vanuatu's GDP per capita, PPP (current international $) is $3,008.55, significantly lower than the average of $21,251.89. The country is placed 155th out of 181 nations. The GNI (current US$) of Vanuatu is $1,013,095,042.47, well below the average GNI of $452,040,815,370.70. Vanuatu ranks 174th out of 185 countries. Vanuatu's GNI, PPP (current international $) is $1,044,620,544.39, significantly lower than the average GNI of $730,698,223,823.47. The country ranks 173rd out of 181 nations. The GNI per capita, PPP (current international $) for Vanuatu is $3,350, which is well below the average of $20,615.75. Vanuatu holds the 153rd position out of 181 countries.

Summary

Vanuatu's macroeconomic indicators, including GDP, GDP per capita, GNI, and GNI per capita, are all significantly below the global averages. This signifies a relatively low level of economic development and monetary wealth compared to other countries worldwide. These indicators are crucial as they provide insights into Vanuatu's economic standing, its citizens' standard of living, and its ability to participate in the global economy effectively.

Money

1. Inflation, consumer prices (annual %): Vanuatu's inflation rate of 5.33% is below the average of 8.26%. The country ranks 33rd out of 165 countries in this data set.

2. Inflation, GDP deflator (annual %): Vanuatu's inflation rate based on GDP deflator is 2.79%, also below the average of 6.90%. The country ranks 80th out of 188 countries in this data set.

3. Broad money growth (annual %): Vanuatu has a negative broad money growth rate of -0.56%, significantly lower than the average of 18.03%. The country ranks 132nd out of 139 countries.

4. Broad money (% of GDP): Vanuatu's broad money as a percentage of GDP is 90.13%, higher than the average of 71.75%. The country ranks 40th out of 139 countries.

5. Broad money to total reserves ratio: Vanuatu's ratio is 1.34, below the average of 5.17. The country ranks 115th out of 126 countries in this dataset.

Summary

Vanuatu's macroeconomic indicators paint a picture of moderate inflation rates below global averages, negative broad money growth, yet a higher-than-average broad money percentage of GDP. While the country performs well in terms of inflation rates, its low broad money growth may indicate limitations in economic expansion despite a high broad money to GDP ratio. These indicators are crucial for policymakers and investors to assess Vanuatu's economic stability and growth prospects.

Consumption Expenditure

The Final consumption expenditure of Vanuatu stands at $769,942,797.71. This is significantly below the attribute average of $381,630,252,515.38. Vanuatu is ranked 155th out of 159 countries in this category.

Vanuatu's Final consumption expenditure (% of GDP) is 84.66%, slightly above the attribute average of 82.37%. The country ranks 63rd out of 159 countries in this metric.

Summary

Vanuatu's Final consumption expenditure of $769,942,797.71 is notably lower than the global average of $381,630,252,515.38, placing the country at a ranking of 155th out of 159 countries. However, with a Final consumption expenditure (% of GDP) of 84.66%, slightly surpassing the average of 82.37%, Vanuatu ranks 63rd among the 159 countries analyzed.

These findings are crucial as they indicate that Vanuatu's spending behavior relative to its GDP is relatively high compared to other countries, despite the lower absolute expenditure amount. This could suggest potential areas for further economic development and policy adjustments to optimize resource allocation and drive sustainable growth.

Investment

Vanuatu's net foreign direct investment stands at -21,450,240.65 USD, which is significantly below the average of -1,615,235,980.51 USD. This places Vanuatu at a rank of 45 out of 169 countries in the dataset.

For net inflows of foreign direct investment, Vanuatu receives 41,158,955.85 USD, a figure well below the average of 5,749,271,080.15 USD. Vanuatu's rank is 136 out of 182 countries.

Vanuatu's net inflows of foreign direct investment as a percentage of GDP are at 4.53%, notably higher than the average of 2.61%. This places Vanuatu at a rank of 44 out of 178 countries.

Regarding net outflows of foreign direct investment, Vanuatu has outflows of 1,465,145.47 USD, significantly lower than the average of 5,707,991,116.07 USD. Vanuatu is ranked 109 out of 156 countries.

Vanuatu's net outflows of foreign direct investment as a percentage of GDP are at 0.16%, well below the average of 1.00%. Vanuatu ranks 87 out of 155 countries in this aspect.

Vanuatu's net portfolio investment stands at 1,582,608.81 USD, considerably below the average of 679,559,169.57 USD. Vanuatu holds a rank of 77 out of 159 countries for this metric.

Summary

Vanuatu's foreign direct investment (FDI) indicators show mixed results compared to global averages. While the country has lower net FDI and outflows than the average, it receives a higher percentage of FDI as a percentage of GDP. This indicates a relatively high level of FDI dependence for Vanuatu's economic activities, which can impact its economic development, job creation, and overall growth trajectory.

Debt

- Vanuatu's total debt service (% of GNI) is 1.91%, which is below the average of 5.98%. It ranks 90th out of 120 countries in the dataset.
- The public and publicly guaranteed debt service (% of GNI) in Vanuatu is 1.43%, lower than the average of 2.84%. It holds the 79th rank out of 120 countries.
- Vanuatu's external debt stocks (% of GNI) stand at 44.98%, below the average of 65.42%. It ranks 71st out of 120 countries.
- The debt service on external debt, total (TDS, current US$) for Vanuatu is $19,320,653.70, significantly lower than the average of $9,811,195,839.23. It ranks 117th out of 123 countries.
- Vanuatu's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) amounts to $14,448,157.30, below the average of $3,310,612,057.60. It holds the 115th rank out of 123 countries.
- The external debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Vanuatu are $382,816,527.50, lower than the average of $28,695,879,144.98. It ranks 118th out of 123 countries.
- Vanuatu's external debt stocks, total (DOD, current US$) amount to $455,667,428.40, significantly below the average of $73,845,530,111.82. It holds the 117th rank out of 123 countries.

Summary

Vanuatu's debt indicators paint a picture of the country maintaining a relatively low level of debt burden compared to the global average and its peers. With total debt service, public debt service, and external debt stocks all below their respective averages, Vanuatu's financial obligations are more manageable, allowing for greater fiscal flexibility and resilience in the face of economic shocks. These indicators suggest a prudent approach to debt management and a foundation for long-term economic stability and growth.

Broad Trade Attributes

Vanuatu's Trade (% of GDP) is currently 62.97%, below the average of 82.34%. It ranks 91 out of 163 countries in the dataset.

The Merchandise trade (% of GDP) for Vanuatu stands at 38.16%, below the average of 60.01%. The country ranks 142 out of 186 countries included in the data.

Vanuatu's Trade in services (% of GDP) is at 30.69%, above the average of 24.63%. The country holds a rank of 31 out of 171 countries.

Vanuatu's External balance on goods and services (current US$) is at -287,103,484.14, significantly below the average of 3,405,509,011.13. The country ranks 81 out of 163 countries.

The External balance on goods and services (% of GDP) for Vanuatu is -31.57%, well below the average of -5.97%. It holds a rank of 153 out of 163 countries in the dataset.

Summary

Vanuatu displays mixed performance in key macroeconomic indicators. While its Trade (% of GDP) and Merchandise trade (% of GDP) are below average, its Trade in services (% of GDP) surpasses the average. However, the country struggles with a significantly negative External balance on goods and services both in terms of absolute value and as a percentage of GDP, ranking poorly in these metrics.

These indicators are crucial as they reflect Vanuatu's reliance on external trade for economic activity and the challenges it faces in maintaining a balanced trade position. A negative balance could indicate issues with competitiveness, sustainability, or reliance on foreign capital inflows, highlighting areas in need of policy attention for sustainable economic growth.

Net Trade

1. Current account balance (BoP, current US$): Vanuatu's current account balance is significantly below the average, ranking 65th out of 170 countries.
2. Current account balance (% of GDP): Vanuatu's current account balance as a percentage of GDP is slightly below the average, ranking 98th out of 170 countries.
3. Net trade in goods and services (BoP, current US$): Vanuatu's net trade in goods and services is notably below the average, ranking 87th out of 171 countries.
4. Net primary income (BoP, current US$): Vanuatu's net primary income is above the average, ranking 34th out of 170 countries.
5. Net secondary income (BoP, current US$): Vanuatu's net secondary income is well above the average, standing at 99th out of 170 countries.
6. Net trade in goods (BoP, current US$): Vanuatu's net trade in goods is significantly below the average, ranking 79th out of 171 countries.
7. Net capital account (BoP, current US$): Vanuatu's net capital account is below the average, ranking 75th out of 159 countries.
8. Net financial account (BoP, current US$): Vanuatu's net financial account is well above the average, ranking 63rd out of 170 countries.

Summary

Vanuatu's macroeconomic indicators show a mixed performance: while the country's net primary income and net secondary income are above the global average, its current account balance, net trade in goods and services, net trade in goods, and net capital account are below average. However, Vanuatu's net financial account performs well compared to other countries. These indicators are important as they reflect Vanuatu's economic position in terms of trade, income flows, and financial transactions, providing insights into the country's external economic relationships and potential vulnerabilities.

Broad Export Attributes

Vanuatu's Exports of goods, services and primary income amount to $275,541,496.69, which is significantly below the attribute average of $146,238,908,936.30. Vanuatu ranks 160th out of 170 countries in this category.

The country's Exports of goods and services total $141,828,977.27, also falling well below the attribute average of $122,938,540,059.78. Vanuatu holds the 162nd position out of 170 countries in this aspect.

Vanuatu's Exports of goods and services (current US$) stand at $142,763,043.86, below the average of $129,596,864,610.19. The country ranks 156th out of 163 countries in this field.

Exports of goods and services (% of GDP) for Vanuatu are 15.70%, which is lower than the average of 38.19%. The country holds the 135th position out of 163 countries in this measure.

Vanuatu's Goods exports (BoP, current US$) amount to $46,161,284.76, significantly below the average of $93,310,581,697.39. The country ranks 162nd out of 171 countries in this category.

For International tourism, receipts (% of total exports), Vanuatu records 47.24%, substantially above the average of 9.74%. The country secures the 6th position out of 120 countries in this metric.

Summary

Vanuatu's exports of goods, services, and primary income, as well as goods and services alone, are significantly below the global average, ranking the country in the bottom quartile. This may indicate a limited export market presence and potential challenges in global trade competitiveness. However, Vanuatu excels in international tourism receipts, surpassing the average by a large margin and ranking 6th globally. This could signify a strong tourism sector, which is crucial for economic growth and foreign exchange earnings in the country.

Merchandise Exports

Vanuatu's merchandise exports stand at $46,000,000, significantly below the average of $89,542,711,229.95. This places Vanuatu at a rank of 177 out of 187 countries in terms of merchandise exports.

Vanuatu's merchandise exports by the reporting economy residual is 1.65% of total exports, which is below the average of 3.20%. This places Vanuatu at a rank of 48 out of 166 countries in this category.

Summary

Vanuatu's merchandise exports of $46,000,000 are significantly lower than the global average of $89,542,711,229.95, placing the country at a low rank of 177 out of 187 countries. Additionally, Vanuatu's merchandise exports by the reporting economy residual at 1.65% of total exports fall short of the average of 3.20%, positioning Vanuatu at 48th place out of 166 countries in this aspect.

These findings suggest that Vanuatu has a relatively small share in global merchandise exports and faces challenges in maximizing its export potential compared to other countries. Addressing these issues could be crucial for Vanuatu's economic growth and competitiveness in the international trade market.

Service Exports

Vanuatu's Service exports total $95,667,692.51, significantly lower than the average of $28,917,292,503.82, ranking 155 out of 171 countries.

ICT service exports in Vanuatu amount to $7,093,047.93, below the average of $4,578,501,153.77, ranking 145 out of 166 countries.

Vanuatu's ICT service exports as a percentage of total service exports is 7.41%, lower than the average of 11.75%, ranking 94 out of 166 countries.

Communications, computer, etc. services in Vanuatu represent 15.82% of total service exports, well below the average of 45.85%, ranking 153 out of 169 countries.

Transport services constitute 18.89% of Vanuatu's service exports, slightly below the average of 21.80%, ranking 81 out of 169 countries.

Travel services form the majority of Vanuatu's service exports at 57.64%, significantly exceeding the average of 26.40%, ranking 20 out of 167 countries.

Insurance and financial services in Vanuatu make up 7.64% of service exports, higher than the average of 6.46%, ranking 44 out of 161 countries.

Summary

Vanuatu's service exports are below the global average across various sectors including ICT, communications, and transport services. However, the country excels in travel services, representing the majority of its service exports and ranking well above the global average. Understanding these trends is crucial for Vanuatu to capitalize on its strengths in travel services while exploring opportunities to enhance other sectors like ICT and communications to improve its overall service export competitiveness.

Commercial Service Exports

1. Vanuatu's commercial service exports amount to $90,225,749.62, which is significantly below the average of $28,508,218,402.80. Vanuatu ranks 155th out of 171 countries in this attribute data.

2. Travel services contribute to 61.12% of Vanuatu's commercial service exports, well above the average of 27.89%. Vanuatu is ranked 21st out of 167 countries in this aspect.

3. Computer, communications, and other services make up 10.74% of Vanuatu's commercial service exports, which is notably below the average of 42.44%. Vanuatu holds the 153rd rank out of 169 countries.

4. Insurance and financial services represent 8.10% of Vanuatu's commercial service exports, slightly above the average of 6.97%. Vanuatu is placed 44th out of 161 countries in this category.

5. Transport services amount to 20.03% of Vanuatu's commercial service exports, lower than the average of 23.37%. Vanuatu ranks 81st out of 169 countries in terms of this service.

Summary

Vanuatu's commercial service exports are significantly below the global average, ranking 155th out of 171 countries in this aspect. Travel services form the majority of these exports, well above the average contribution, ranking 21st globally. This reliance on travel services indicates a potential vulnerability to disruptions in the tourism sector, highlighting the importance of diversifying Vanuatu's export base for long-term economic stability.

Broad Import Attributes

- Vanuatu's Imports of goods and services (current US$) amount to approximately $429.87 million, significantly lower than the average of $126.19 billion. The country ranks 155th out of 163 countries in this aspect.
- Imports of goods and services (% of GDP) in Vanuatu are at 47.27%, above the average of 44.15%. The country is ranked 54th out of 163 countries.
- Vanuatu's International tourism expenditures (% of total imports) stand at 4.90%, higher than the average of 3.98%. The country is placed 25th out of 131 countries.
- The value of Vanuatu's Goods imports (BoP, current US$) is $265.80 million, well below the average of $92.01 billion. The country ranks 164th out of 171 countries.
- In terms of Imports of goods and services (BoP, current US$), Vanuatu's value is $449.28 million, notably lower than the average of $120.32 billion. The country holds the 160th rank out of 170 countries.
- Vanuatu's Imports of goods, services, and primary income (BoP, current US$) amount to $471.59 million, significantly lower than the average of $144.51 billion. The country is ranked 161st out of 170 countries.

Summary

Vanuatu has relatively low imports of goods and services in terms of both absolute value and as a percentage of GDP compared to global averages. However, the country's international tourism expenditures as a percentage of total imports are higher than average, indicating a significant reliance on tourism for foreign exchange earnings. These indicators are important as they provide insight into Vanuatu's trade dynamics, economic diversification efforts, and reliance on tourism as a key source of revenue.

Merchandise Imports

Vanuatu's merchandise imports amount to $301 million, significantly lower than the attribute average of $89.4 billion. With a rank of 181 out of 190 countries, Vanuatu's import value is notably below the average.

Regarding merchandise imports by the reporting economy as a percentage of total merchandise imports, Vanuatu stands at 0.51%. This is well below the attribute average of 2.51%. Vanuatu holds the 81st position out of 180 countries included in the data, indicating its relatively lower reliance on self-produced merchandise imports compared to other nations.

Summary

Vanuatu's merchandise imports are significantly lower than the global average, ranking 181 out of 190 countries in import value. Additionally, Vanuatu's reliance on self-produced merchandise imports, at 0.51%, is well below the average, ranking 81st out of 180 countries. These statistics are important as they highlight Vanuatu's limited integration into the global economy and its relatively low dependence on imported goods compared to other nations.

Service Imports

Vanuatu's service imports amount to $183.48 million, significantly below the average of $27.62 billion, ranking 157th out of 171 countries. Communications, computer, etc. account for 16.24% of Vanuatu's service imports, lower than the average of 44.40%, ranking 157th out of 169 countries. Transport services represent 38.24% of Vanuatu's service imports, higher than the average of 32.90%, ranking 58th out of 169 countries. Travel services make up 41.46% of Vanuatu's service imports, well above the average of 14.14%, ranking 6th out of 169 countries. Meanwhile, insurance and financial services constitute 4.05% of Vanuatu's service imports, below the average of 8.53%, ranking 122nd out of 169 countries.

Summary

Vanuatu's service imports show a unique composition compared to global averages. While the country's expenditure on communications and computing services is below average, its reliance on transport and travel services is notably higher. This pattern suggests that Vanuatu places greater importance on physical movement of goods and people for its economy, possibly indicating a focus on tourism and trade as key economic drivers.

Commercial Service Imports

Vanuatu's commercial service imports amount to $179,160,944.65, ranking 156 out of 171 countries. This value is significantly below the average of $27,102,746,128.60.

Computer, communications, and other services account for 14.22% of Vanuatu's commercial service imports, ranking 153 out of 169 countries. This percentage is below the average of 41.71%.

Vanuatu's insurance and financial services as a percentage of commercial service imports stand at 4.15%, below the average of 8.85%. The country ranks 121 out of 169.

Transport services represent 39.17% of Vanuatu's commercial service imports, ranking 59 out of 169 countries. This value is above the average of 34.71%.

Travel services constitute a significant portion, 42.46%, of Vanuatu's commercial service imports, ranking 6 out of 169 countries. This value is notably above the average of 14.73%.

Summary

Vanuatu's commercial service imports are relatively low compared to the average, with a significant portion coming from travel services, which is well above the average. However, the country lags behind in computer, communications, and other services as well as insurance and financial services. The high dependence on travel services could indicate a reliance on tourism for economic activity, highlighting the need for diversification and development in other service sectors to enhance overall economic resilience.

Infrastructure

Vanuatu's Air transport, freight volume of 0.52 million ton-km is significantly below the average of 1384.37 million ton-km, ranking 109 out of 126 countries included in the data.

In terms of Air transport, registered carrier departures worldwide, Vanuatu's 9641 departures are well below the average of 134365.61 departures, placing the country at rank 85 out of 149 countries in the dataset.

Vanuatu's Air transport, passengers carried amount to 136360, which is notably lower than the average of 11848242.70 passengers carried, positioning Vanuatu at rank 118 out of 149 countries considered for this statistic.

Summary

Vanuatu's air transport indicators, including freight volume, registered carrier departures, and passengers carried, all fall significantly below global averages, ranking the country in the bottom tier when compared to other nations. This could suggest challenges in the country's transportation infrastructure, connectivity, and overall economic integration with the global market. Addressing these deficiencies in the air transport sector could be crucial for Vanuatu's economic development, trade facilitation, and competitiveness on a regional and international scale.

Information Technology Infrastructure

1. Secure Internet servers:
Vanuatu has 112 secure internet servers, which is significantly below the average of 458,294. Vanuatu ranks 158th out of 193 countries in this aspect.

2. Secure Internet servers (per 1 million people):
Vanuatu has 359.34 secure internet servers per 1 million people, much lower than the average of 14,067.17. Vanuatu ranks 105th out of 193 countries in this category.

3. Individuals using the Internet (% of population):
Vanuatu has 53.28% of its population using the internet, slightly below the average of 64.77%. In this aspect, Vanuatu ranks 128th out of 180 countries.

4. Fixed broadband subscriptions:
Vanuatu has 2785 fixed broadband subscriptions, significantly lower than the average of 6,591,956.35. Vanuatu ranks 175th out of 185 countries in fixed broadband subscriptions.

5. Mobile cellular subscriptions:
Vanuatu has 246,232 mobile cellular subscriptions, much below the average of 42,526,463.87. Vanuatu ranks 173rd out of 193 countries in mobile cellular subscriptions.

Summary

Energy Consumption

Vanuatu's renewable energy consumption accounts for 26.03% of its total final energy consumption, which is below the global average of 32.18%. The country is ranked 89 out of 191 countries in this aspect.

Vanuatu's CO2 emissions stand at 121.3 kt, significantly lower than the average of 171895.94 kt. The country holds the 182nd position out of 188 countries in terms of CO2 emissions.

Summary

Vanuatu's renewable energy consumption percentage is below the global average, ranking 89th out of 191 countries. In contrast, the country's CO2 emissions are significantly lower than the global average, ranking 182nd out of 188 countries. These statistics are crucial as they highlight Vanuatu's potential for sustainable energy development and its effective mitigation of carbon emissions, positioning the country favorably in the global efforts towards environmental sustainability.

Government Balance Sheet

Vanuatu's net acquisition of financial assets is 3.42% of its GDP, which is higher than the average of 2.45%. The country ranks 24th out of 87 countries in this attribute.

Vanuatu's net incurrence of liabilities is 2.51% of its GDP, below the average of 7.43%. The country is ranked 80th out of 92 countries for this metric.

Vanuatu's total reserves as a percentage of total external debt stand at 134.67%, significantly above the average of 66.13%. Vanuatu ranks 10th out of 102 countries in this aspect.

Vanuatu's reserves and related items in current US dollars are $73,469,800.65, much lower than the average of $1,924,407,186.58. The country ranks 78th out of 171 countries in this category.

Vanuatu's total reserves minus gold amount to $613,636,752.09, far below the average of $74,221,588,171.61. The country is ranked 138th out of 161 countries for this attribute.

Vanuatu's total reserves, including gold, are also significantly below the average at $613,636,752.09 compared to $85,708,019,773.47. The country ranks 139th out of 161 nations in this metric.

Vanuatu's total reserves in months of imports is 15.61, which is above the average of 7.10. The country ranks 11th out of 151 countries for this indicator.

Summary

Vanuatu performs exceptionally well in terms of managing its financial assets as a percentage of GDP, ranking 24th out of 87 countries. However, it lags behind in terms of incurring liabilities and total reserves when compared to global averages. Despite having lower reserves in absolute terms, Vanuatu maintains a solid position concerning total reserves in months of imports, indicating a sufficient buffer for external shocks. These indicators are crucial as they reflect Vanuatu's economic stability, resilience, and ability to withstand financial pressures in the international arena.

Government Revenue

Vanuatu's Revenue, excluding grants (% of GDP) is 29.92%, which is slightly above the average of 27.02%. This places Vanuatu at rank 42 out of 122 countries in the dataset.

For Grants and other revenue (% of revenue), Vanuatu's value is 62.74%, significantly higher than the average of 23.54%. This places Vanuatu at a high rank of 10 out of 108 countries.

Vanuatu's Taxes on goods and services (% of revenue) stands at 28.06%, slightly below the average of 31.82%. This places Vanuatu at rank 79 out of 122 countries.

Regarding Taxes on international trade (% of revenue), Vanuatu's value is 7.94%, above the average of 6.24%. This places Vanuatu at rank 29 out of 101 countries.

Lastly, for Other taxes (% of revenue), Vanuatu's value is 1.25%, below the average of 2.12%. This places Vanuatu at rank 51 out of 106 countries.

Summary

Vanuatu demonstrates a strong reliance on grants and other revenue sources, with grants accounting for a significantly higher percentage of revenue compared to the average. However, the country's taxation on goods and services falls slightly below the average, indicating potential room for improvement in diversifying revenue sources. Vanuatu's high rank in taxes on international trade suggests a relatively effective strategy in capitalizing on international trade opportunities.

These findings are important as they highlight Vanuatu's unique revenue composition compared to global averages, showcasing its heavy dependence on grants. Understanding these macroeconomic indicators helps to assess Vanuatu's fiscal sustainability and economic development strategies, providing insights for policymakers to strengthen revenue generation and economic stability.

Taxes

Vanuatu's tax revenue as a percentage of GDP is 14.04%, which is below the average of 16.72%. The country ranks 78th out of 123 countries in this attribute.

When it comes to taxes on exports as a percentage of tax revenue, Vanuatu's value is 0.02%, significantly lower than the average of 2.54%. This places Vanuatu at the 26th position out of 36 countries in the dataset.

The percentage of customs and other import duties as part of tax revenue in Vanuatu is 21.29%, well above the average of 9.01%. Vanuatu ranks 13th out of 99 countries in this category.

Vanuatu's weighted mean tariff rate for all products is 12.66%, higher than the average of 5.21%. This places Vanuatu at the 9th rank out of 153 countries in the dataset.

Summary

Vanuatu's tax revenue as a percentage of GDP is below the global average, ranking 78th out of 123 countries. The country's low taxes on exports contribute to its lower-than-average tax revenue composition, but it compensates through a high percentage of customs and import duties. Despite having a higher weighted mean tariff rate for all products, Vanuatu's tax structure signifies a heavy reliance on import-based revenue sources.

These findings are crucial as they highlight Vanuatu's taxation policies, emphasizing a reliance on import duties for revenue generation. This can impact the country's economic stability and its attractiveness to foreign investors, who may face higher costs due to the import tariffs. Understanding these macroeconomic indicators is essential for policymakers to evaluate the sustainability and effectiveness of Vanuatu's current tax system.

Government Expenses

Vanuatu's Expense (% of GDP) is 34.04%, slightly above the average of 31.69%. The country ranks 49 out of 123 countries in this attribute.

Compensation of employees (% of expense) in Vanuatu is 43.32%, significantly higher than the average of 24.70%. Vanuatu ranks 14 out of 123 countries in this category.

Vanuatu's Goods and services expense (% of expense) stands at 27.47%, notably higher than the average of 14.77%. The country ranks 12 out of 122 countries in this aspect.

Interest payments (% of expense) for Vanuatu are 2.42%, below the average of 6.85%. The country's rank is 90 out of 121 countries.

Vanuatu's Other expense (% of expense) is 5.89%, lower than the average of 8.29%. The country ranks 61 out of 120 countries in this attribute.

Subsidies and other transfers (% of expense) in Vanuatu amount to 20.92%, significantly below the average of 43.29%. The country's rank is 105 out of 121 countries.

Summary

Vanuatu shows a consistent trend of higher expenses across various categories compared to the global average, particularly in Compensation of employees and Goods and services expenses. However, it stands out with lower Interest payments and Subsidies/other transfers. These findings are crucial as they provide insights into how Vanuatu allocates its budget, highlighting areas of relative strength and weakness in its economic management.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
International tourism, receipts (% of total exports)	6/120
Travel services (% of service imports, BoP)	6/169
Travel services (% of commercial service imports)	6/169
Total reserves (% of total external debt)	10/102
Total reserves in months of imports	11/151
Grants and other revenue (% of revenue)	10/108
Tariff rate, applied, weighted mean, all products (%)	9/153
Goods and services expense (% of expense)	12/122

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 65 and above, total	177/194
Land under cereal production (hectares)	159/174
Cereal production (metric tons)	163/174
Aquaculture production (metric tons)	175/180
Fertilizer consumption (kilograms per hectare of arable land)	186/187
Trademark applications, nonresident, by count	127/130
Trademark applications, resident, by count	126/129
Scientific and technical journal articles	173/192
Charges for the use of intellectual property, payments (BoP, current US$)	133/143
GDP (current US$)	178/189
GDP, PPP (current international $)	173/181
GNI (current US$)	174/185
GNI, PPP (current international $)	173/181
Broad money growth (annual %)	132/139
Broad money to total reserves ratio	115/126
Final consumption expenditure (current US$)	155/159
Debt service on external debt, total (TDS, current US$)	117/123
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)	115/123
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)	118/123
External debt stocks, total (DOD, current US$)	117/123
External balance on goods and services (% of GDP)	153/163
Exports of goods, services and primary income (BoP, current US$)	160/170
Exports of goods and services (BoP, current US$)	162/170
Exports of goods and services (current US$)	156/163
Goods exports (BoP, current US$)	162/171
Merchandise exports (current US$)	177/187
Service exports (BoP, current US$)	155/171
Communications, computer, etc. (% of service exports, BoP)	153/169
Commercial service exports (current US$)	155/171
Computer, communications and other services (% of commercial service exports)	153/169
Imports of goods and services (current US$)	155/163
Goods imports (BoP, current US$)	164/171
Imports of goods and services (BoP, current US$)	160/170
Imports of goods, services and primary income (BoP, current US$)	161/170
Merchandise imports (current US$)	181/190
Service imports (BoP, current US$)	157/171
Communications, computer, etc. (% of service imports, BoP)	157/169
Commercial service imports (current US$)	156/171
Computer, communications and other services (% of commercial service imports)	153/169
Fixed broadband subscriptions	175/185
CO2 emissions (kt)	182/188