Remittance inflows to GDP in Vanuatu
Vanuatu: Remittance inflows to GDP was 10.9% in 2020. ◆ Volatile
Remittance inflows to GDP in Vanuatu, 1982–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Vanuatu recorded 10.9% for remittance inflows to gdp in 2020.
The figure is up 36.4% on the previous year and up 522.5% over ten years.
Over the whole period, remittance inflows to gdp in Vanuatu peaked at 14.3% in 2015 and was at its lowest, 1.1%, in 2007.
Vanuatu ranks 29th of 195 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.1% | 4.8% | 8.2% | 8 |
| 1990s | 5.8% | 2.5% | 13.6% | 10 |
| 2000s | 2.3% | 1.1% | 7.1% | 10 |
| 2010s | 5.8% | 1.8% | 14.3% | 10 |
| 2020s | 10.9% | 10.9% | 10.9% | 1 |
Countries ranked near Vanuatu
More financial sector data for Vanuatu
- Domestic credit to private sector by banks 47.8% (2024)
- Total reserves in months of imports 12.6 (2022)
- Net domestic credit 69.26 billion current LCU (2024)
- Net foreign assets 95.78 billion current LCU (2024)
- Monetary Sector credit to private sector 48.5% (2024)
- Broad money 82.9% (2024)
- Claims on central government, etc. -4.8% (2024)
- Domestic credit to private sector 48.5% (2024)
- Official exchange rate 119.17 LCU per US$, period average (2024)
- Net migration -52 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Vanuatu?
- Remittance inflows to gdp in Vanuatu was 10.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Vanuatu?
- The highest recorded value was 14.3% in 2015.
- What is the lowest remittance inflows to gdp recorded in Vanuatu?
- The lowest recorded value was 1.1% in 2007.
- How does Vanuatu rank for remittance inflows to gdp?
- Vanuatu ranks 29th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Vanuatu?
- Over the last ten years it is up 522.5%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.