This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
Real Economic growth rate adjusted for inflation or deflation
Economic growth – sometimes simply “growth” – typically refers to GDP growth. A country’s gross domestic product or GDP is a measure of the size and health of its economy. It is the total value of goods and services produced over a specific time period. An annual GDP growth rate of 3%, then, simply means that the economy has grown by 3% over the past year.When GDP goes up, the economy is generally thought to be doing well. Meanwhile, weak growth signals that the economy is doing poorly. If GDP falls from one year to the next then growth is negative. This often brings with it falling incomes, lower consumption and job cuts.
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Headline data
| Year | Value |
|---|---|
| 2005 | 5.3 |
| 2006 | 8.5 |
| 2007 | 2.9 |
| 2008 | 5.6 |
| 2009 | 3.0 |
| 2010 | 1.3 |
| 2011 | 3.1 |
| 2012 | 1.0 |
| 2013 | 0.5 |
| 2014 | 3.1 |
| 2015 | 0.4 |
| 2016 | 4.7 |
| 2017 | 4.4 |
| 2018 | 2.9 |