Domestic credit to private sector by banks in Vanuatu
Vanuatu: Domestic credit to private sector by banks was 47.8% in 2024. ▲ Rising
Domestic credit to private sector by banks in Vanuatu, 1979–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Vanuatu recorded 47.8% for domestic credit to private sector by banks in 2024.
The figure is down 3.6% on the previous year and down 27.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Vanuatu peaked at 73.4% in 2012 and was at its lowest, 27.3%, in 1985.
That places Vanuatu 78th out of 187 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Domestic credit to private sector by banks in Vanuatu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 30.2% | — |
| 1980 | 32.0% | +5.7% |
| 1981 | 31.4% | -1.9% |
| 1982 | 29.5% | -5.9% |
| 1983 | 29.9% | +1.4% |
| 1984 | 28.1% | -6.3% |
| 1985 | 27.3% | -2.5% |
| 1986 | 29.5% | +8.0% |
| 1987 | 29.9% | +1.3% |
| 1988 | 30.1% | +0.6% |
| 1989 | 30.2% | +0.5% |
| 1990 | 33.3% | +10.0% |
| 1991 | 29.9% | -10.2% |
| 1992 | 35.5% | +18.9% |
| 1993 | 35.1% | -1.2% |
| 1994 | 33.5% | -4.3% |
| 1995 | 32.5% | -3.2% |
| 1996 | 33.5% | +3.3% |
| 1997 | 30.3% | -9.7% |
| 1998 | 31.7% | +4.6% |
| 1999 | 35.1% | +10.8% |
| 2000 | 30.9% | -12.2% |
| 2001 | 32.8% | +6.3% |
| 2002 | 36.3% | +10.6% |
| 2003 | 37.9% | +4.4% |
| 2004 | 39.1% | +3.2% |
| 2005 | 43.0% | +9.9% |
| 2006 | 41.9% | -2.6% |
| 2007 | 43.2% | +3.2% |
| 2008 | 54.7% | +26.7% |
| 2009 | 64.6% | +18.0% |
| 2010 | 67.2% | +4.1% |
| 2011 | 69.0% | +2.6% |
| 2012 | 73.4% | +6.4% |
| 2013 | 63.6% | -13.4% |
| 2014 | 66.3% | +4.3% |
| 2015 | 61.7% | -6.9% |
| 2016 | 59.1% | -4.2% |
| 2017 | 56.7% | -4.1% |
| 2018 | 54.2% | -4.3% |
| 2019 | 52.0% | -4.1% |
| 2020 | 53.6% | +3.2% |
| 2021 | 52.8% | -1.7% |
| 2022 | 50.1% | -5.1% |
| 2023 | 49.6% | -0.9% |
| 2024 | 47.8% | -3.6% |
Vanuatu compared with similar countries
- Vanuatu's 47.8% is above the median for lower middle income countries, which is 23.4%, 2.0× the median. (46 countries reporting)
- Vanuatu's 47.8% is below the median for East Asia & Pacific, which is 65.2%, 73% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.2% | 30.2% | 30.2% | 1 |
| 1980s | 29.8% | 27.3% | 32.0% | 10 |
| 1990s | 33.0% | 29.9% | 35.5% | 10 |
| 2000s | 42.4% | 30.9% | 64.6% | 10 |
| 2010s | 62.3% | 52.0% | 73.4% | 10 |
| 2020s | 50.8% | 47.8% | 53.6% | 5 |
Countries ranked near Vanuatu
More financial sector data for Vanuatu
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0042 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 17.14 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0031 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 12.52 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0042 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 17.14 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Vanuatu?
- Domestic credit to private sector by banks in Vanuatu was 47.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Vanuatu?
- The highest recorded value was 73.4% in 2012.
- What is the lowest domestic credit to private sector by banks recorded in Vanuatu?
- The lowest recorded value was 27.3% in 1985.
- How does Vanuatu rank for domestic credit to private sector by banks?
- Vanuatu ranks 78th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Vanuatu?
- Over the last ten years it is down 27.9%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.