Vanuatu - GNI, PPP (current international $)

The latest value for GNI, PPP (current international $) in Vanuatu was 1,018,811,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 1,058,464,000 in 2019 and 230,796,400 in 1991.

Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 245,174,200
1991 230,796,400
1992 235,704,400
1993 243,348,600
1994 265,254,400
1995 277,899,200
1996 298,705,200
1997 322,887,500
1998 361,410,100
1999 372,646,500
2000 391,755,600
2001 399,804,100
2002 373,912,800
2003 396,416,200
2004 420,873,900
2005 449,987,300
2006 513,658,800
2007 541,390,000
2008 609,859,400
2009 611,824,300
2010 630,217,900
2011 668,614,800
2012 663,504,800
2013 710,653,100
2014 769,863,700
2015 781,707,400
2016 830,315,400
2017 882,174,400
2018 954,602,600
2019 1,058,464,000
2020 1,018,811,000

Development Relevance: Because development encompasses many factors - economic, environmental, cultural, educational, and institutional - no single measure gives a complete picture. However, the total earnings of the residents of an economy, measured by its gross national income (GNI), is a good measure of its capacity to provide for the well-being of its people.

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GNI and GNI per capita estimates are converted into international dollars using purchasing power parity (PPP) rates. PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity