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Economy of Russia vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Russia has a GDP of $2.17T compared to $1.12B for Vanuatu, ranking 11/197 and 188/197 by economy size, respectively.

Russia has $440B in government debt (20.3% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Russia vs Vanuatu GDP by year

Russia
Vanuatu
1x
Year GDP, current $
Russia Vanuatu
2024 $2,173,835,806,672 $1,117,972,034
2023 $2,071,505,725,031 $1,115,861,056
2022 $2,291,612,121,335 $1,055,031,361
2021 $1,829,186,719,575 $950,394,007
2020 $1,493,075,894,362 $909,421,044
2019 $1,693,115,002,708 $936,526,268
2018 $1,657,328,773,461 $914,727,908
2017 $1,574,199,360,089 $880,043,284
2016 $1,276,786,350,881 $804,323,577
2015 $1,363,482,182,198 $759,690,181
2014 $2,059,241,589,895 $773,717,011
2013 $2,292,470,078,346 $758,304,466
2012 $2,208,293,553,878 $747,839,698
2011 $2,045,922,753,398 $770,153,588
2010 $1,524,916,715,224 $670,712,980
2009 $1,222,645,900,056 $592,622,319
2008 $1,660,848,058,303 $590,748,429
2007 $1,299,703,478,482 $516,392,923
2006 $989,932,071,353 $439,358,587
2005 $764,015,973,481 $394,962,433
2004 $591,016,690,732 $364,996,869
2003 $430,347,420,185 $314,471,413
2002 $345,470,494,418 $262,596,536
2001 $306,602,070,621 $257,926,882
2000 $259,710,142,197 $272,014,628
1999 $195,907,128,351 $268,006,973
1998 $270,955,486,862 $262,293,411
1997 $404,928,954,192 $272,771,209
1996 $391,724,890,744 $261,370,044
1995 $395,537,185,735 $249,333,250
1994 $395,077,301,248 $233,701,301
1993 $435,083,713,851 $200,491,853
1992 $460,290,556,901 $209,088,825
1991 $517,962,962,963 $201,334,169
1990 $517,014,446,228 $168,879,207
1989 $506,631,299,735 $154,013,202
1988 $554,828,660,436 $158,351,368
1987 - $139,464,174
1986 - $126,498,935
1985 - $131,856,421
1984 - $144,482,515
1983 - $117,389,554
1982 - $114,501,913
1981 - $113,781,796
1980 - $121,185,498
1979 - $119,258,835

Data sources: World Bank | Economy & Growth (1979–2024, retrieved 2026-04-06).

GeoRank.org/economy/russia/vanuatu | CC BY

GDP per capita in Russia vs Vanuatu by year

Russia
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $15,145 $47,405 $3,411 $3,606
2023 $14,403 $44,269 $3,483 $3,568
2022 $15,888 $40,939 $3,370 $3,453
2021 $12,637 $38,638 $3,107 $3,136
2020 $10,280 $31,491 $3,043 $3,118
2019 $11,640 $30,964 $3,207 $3,315
2018 $11,399 $28,629 $3,207 $3,233
2017 $10,835 $25,778 $3,160 $3,146
2016 $8,804 $24,012 $2,956 $3,030
2015 $9,427 $23,994 $2,855 $2,966
2014 $14,277 $25,688 $2,973 $2,890
2013 $15,941 $26,020 $2,980 $2,832
2012 $15,402 $24,274 $3,005 $2,834
2011 $14,305 $22,790 $3,163 $2,816
2010 $10,675 $20,490 $2,815 $2,733
2009 $8,563 $19,390 $2,546 $2,730
2008 $11,635 $20,164 $2,604 $2,701
2007 $9,101 $16,648 $2,334 $2,573
2006 $6,920 $14,912 $2,035 $2,496
2005 $5,323 $11,822 $1,874 $2,287
2004 $4,102 $10,227 $1,774 $2,157
2003 $2,975 $9,255 $1,567 $2,070
2002 $2,378 $8,037 $1,341 $1,995
2001 $2,100 $7,361 $1,350 $2,125
2000 $1,772 $6,825 $1,460 $2,206
1999 $1,331 $5,914 $1,472 $2,084
1998 $1,835 $5,465 $1,471 $2,091
1997 $2,738 $5,700 $1,562 $2,087
1996 $2,644 $5,518 $1,529 $1,998
1995 $2,666 $5,613 $1,492 $1,961
1994 $2,662 $5,734 $1,431 $1,946
1993 $2,931 $6,420 $1,257 $1,789
1992 $3,099 $6,862 $1,344 $1,777
1991 $3,490 $7,858 $1,326 $1,737
1990 $3,494 $8,028 $1,141 $1,670
1989 $3,430 - $1,067 -
1988 $3,778 - $1,125 -
1987 - - $1,017 -
1986 - - $946 -
1985 - - $1,012 -
1984 - - $1,137 -
1983 - - $947 -
1982 - - $946 -
1981 - - $962 -
1980 - - $1,048 -
1979 - - $1,055 -

Data sources: World Bank | Economy & Growth (1979–2024, retrieved 2026-04-06).

GeoRank.org/economy/russia/vanuatu | CC BY

Russia's GDP per capita is $15,145, ranking 68/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,405, while Vanuatu ranks 170th at $3,606.

Economic indicators

Russia Vanuatu
Gross domestic product
$2.17T
2024
$1.12B
2024
GDP rank
11/197
2024
188/197
2024
GDP growth
4.34%
2023-2024
0.94%
2023-2024
GDP per capita
$15,145
2024
$3,411
2024
GDP per capita rank
68/197
2024
137/197
2024
GDP per capita, PPP
$47,405
2024
$3,606
2024
GDP per capita PPP rank
50/197
2024
170/197
2024
Government debt
$440B
2024
$507M
2024
Debt-to-GDP ratio
20.3%
2024
45.3%
2024
Government debt per person
$3,067
2024
$1,546
2024
Government debt per person rank
98/185
2024
131/185
2024
Average annual personal income after taxes
$10,464
2026
$3,164
2026
Market capitalization of domestic companies
$650B
2023
n/a
Number of millionaires
426,000
2025
n/a
Number of billionaires
140
2025
n/a
Income share by richest 10%
25.1%
2023
24.7%
2019
Income share by poorest 10%
3.1%
2023
3%
2019
Government expenditure, % of GDP
36.9%
2024
41.1%
2024
Consumer prices inflation
8.4%
2023-2024
11.2%
2022-2023
Central bank interest rate
16%
2025
n/a
Unemployment rate
2.43%
2024
4.05%
2020
Population
141906741
344750

Spending and national debt comparison by year

Russia
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Russia Vanuatu
Government spending Government debt Government spending Government debt
2024 36.9% 20.3% 41.1% 45.3%
2023 35.7% 19.5% 41.6% 41.8%
2022 35.2% 18.5% 42% 42.8%
2021 34.9% 16.5% 44.4% 48.5%
2020 39.2% 19.2% 43.4% 48%
2019 33.8% 13.7% 39.8% 45.1%
2018 32.6% 13.6% 33.3% 45.3%
2017 34.8% 14.3% 37.1% 52.6%
2016 36.6% 14.8% 35.2% 42.5%
2015 35.3% 15.3% 42.4% 36.3%
2014 34.9% 15.1% 23.3% 20.2%
2013 34.7% 12.3% 22.9% 18.6%
2012 34% 11.2% 24.5% 19.3%
2011 33.3% 10.3% 25.1% 21.3%
2010 35.5% 10.1% 28.3% 20.2%
2009 38.6% 9.92% 27.6% 21.1%
2008 32% 7.45% 27.8% 21.2%
2007 31.9% 8.03% 22.5% 19.5%
2006 29% 9.8% 20.1% 22.2%
2005 29.5% 14.9% 18.3% 26.3%
2004 29.6% 20.8% 18.5% 30.4%
2003 32.6% 28.3% 18.8% 38.3%
2002 33.8% 37.6% 22.3% 38.8%
2001 31.5% 44.4% 22.3% 37%
2000 30.7% 55.9% 25.4% 36.1%
1999 34.3% 92.4% 23.9% 30.6%
1998 39.7% 135.2% 27.9% 28%
1997 - 51.5% 22.2% 22.9%
1996 - 51.9% 24.5% 23.1%
1995 - 53.7% 28% 24.1%
1994 - 63.5% 24.4% 21.6%
1993 - 92.4% 26.2% 20.3%
1992 - 116% 31.8% 21%
1991 - - 33.2% 15.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

GeoRank.org/economy/russia/vanuatu | CC BY

In 2024, Russia's government spending was $802B, accounting for 36.9% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 20.3% in Russia and 45.3% in Vanuatu, ranking 175/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Vanuatu
1x
Year Deficit/surplus, % of GDP
Russia Vanuatu
2024 -1.6% -2.34%
2023 -2.22% -0.95%
2022 -1.34% -6.5%
2021 0.78% 2.38%
2020 -3.99% -1.95%
2019 1.93% 2.81%
2018 2.92% 6.26%
2017 -1.47% -1.2%
2016 -3.67% -0.72%
2015 -3.39% -8.66%
2014 -1.07% 1.44%
2013 -1.16% -0.25%
2012 0.38% -1.7%
2011 1.43% -2.19%
2010 -3.19% -2.63%
2009 -5.89% -0.85%
2008 4.55% -0.04%
2007 5.59% 0.28%
2006 7.8% 0.49%
2005 7.6% 1.86%
2004 4.57% 0.8%
2003 1.35% -1.35%
2002 0.67% -3.63%
2001 2.99% -3.33%
2000 3.11% -6.28%
1999 -3.59% -0.55%
1998 -7.42% -6.65%
1997 - -0.51%
1996 - -1.78%
1995 - -2.59%
1994 - -1.49%
1993 - -3.67%
1992 - -2.32%
1991 - -2.81%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 0.15% -
1939 0.12% -
1938 0.16% -
1937 0.12% -
1936 0.1% -
1935 0.07% -
1934 0.25% -
1933 0.58% -
1932 0.06% -
1931 -1.12% -
1930 -1.62% -
1929 -0.4% -
1928 -0.4% -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 0.69% -
1911 1.26% -
1910 1.52% -
1909 -0.15% -
1908 -0.83% -
1907 -0.86% -
1906 -3.19% -
1905 -7.72% -
1904 -5.13% -
1903 1.04% -
1902 -1.57% -
1901 0.14% -
1900 -0.36% -
1899 0.66% -
1898 0.03% -
1897 0.34% -
1896 1.3% -
1895 0.7% -
1894 1.43% -
1893 0.63% -
1892 -1.16% -
1891 -0.97% -
1890 0.01% -
1889 1.34% -
1888 0.88% -
1887 0.14% -
1886 -0.84% -
1885 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/russia/vanuatu | CC BY

In 2024, Russia's government deficit, the difference between spending and revenue, was $34.9B, equivalent to 1.6% of GDP. This compares to Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 27 years, Russia recorded a fiscal deficit in 13 of those years, while Vanuatu ran a deficit in 19 years. On average, Russia posted an annual surplus equal to 0.21% of GDP, compared to deficit of 1.31% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Russia

Vanuatu
1x
Year Consumer prices inflation
Russia Vanuatu
2024 8.4% -
2023 5.9% 11.2%
2022 13.7% 6.68%
2021 6.7% 2.34%
2020 3.4% 5.33%
2019 4.5% 2.76%
2018 2.9% 2.33%
2017 3.7% 3.08%
2016 7% 0.84%
2015 15.5% 2.48%
2014 7.8% 0.8%
2013 6.8% 1.46%
2012 5.1% 1.35%
2011 8.4% 0.87%
2010 6.8% 2.76%
2009 11.6% 4.3%
2008 14.1% 4.84%
2007 9% 3.94%
2006 9.7% 2.04%
2005 12.7% 1.2%
2004 10.9% 1.42%
2003 13.7% 3.02%
2002 15.8% 1.96%
2001 21.5% 3.58%
2000 20.8% 2.54%
1999 85.7% 2%
1998 27.7% 3.28%
1997 14.8% 2.83%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2023, retrieved 2026-04-06).

GeoRank.org/economy/russia/vanuatu | CC BY

Over the past 27 years, Russia has recorded an average annual inflation rate of 13.6%, compared with 3.01% in Vanuatu. In 2023, inflation was 8.4% in Russia and 11.2% in Vanuatu.

Top exports between countries

Russia
Export category Export value
Transport & tourism services $600K
IT & IP services $141K
Business & finance services $61K
Vanuatu
Export category Export value

Balance of trade

Russia Vanuatu
Current account balance
$63.4B
2024
-$127M
2022
Current account balance ranking
12/190
2024
90/190
2022
Current account balance, % of GDP
+2.91%
2024
-12.1%
2022
Goods imports
$302B
2024
$350M
2022
Goods exports
$434B
2024
$73.6M
2022
Service imports
$81.5B
2024
$230M
2022
Service exports
$43.1B
2024
$78.5M
2022
Imports of goods and services, % of GDP
17.6%
2024
54.2%
2022
Exports of goods and services, % of GDP
21.9%
2024
9.43%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Russia Vanuatu
Economic freedom 50.3 61.1
Economic freedom ranking 161/197 92/197
Property rights 18.6 62.1
Government integrity 22.8 48.3
Judicial effectiveness 22.8 67.9
Tax burden 81.9 96.9
Government spending 61.3 48.1
Fiscal health 94.4 78.8
Business freedom 51.4 50.3
Labor freedom 59.1 41
Monetary freedom 61.8 72.1
Trade freedom 69.4 62
Investment freedom 30 65
Financial freedom 30 40

Economic freedom comparison by year

Russia
Vanuatu
1x
Year Economic freedom index
Russia Vanuatu
2026 50.3 61.1
2025 51.6 61.8
2024 52 62.2
2023 53.8 62.1
2022 56.1 62.9
2021 61.5 60.5
2020 61 60.7
2019 58.9 56.4
2018 58.2 69.5
2017 57.1 67.4
2016 50.6 60.8
2015 52.1 61.1
2014 51.9 59.5
2013 51.1 56.6
2012 50.5 56.6
2011 50.5 56.7
2010 50.3 56.4
2009 50.8 58.4
2008 49.8 -
2007 52.2 -
2006 52.4 -
2005 51.3 -
2004 52.8 -
2003 50.8 -
2002 48.7 -
2001 49.8 -
2000 51.8 -
1999 54.5 -
1998 52.8 -
1997 48.6 -
1996 51.6 -
1995 51.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/russia/vanuatu | CC BY

The Economic Freedom Index for Russia is 50.3, ranking 161/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Russia Vanuatu
Services, % of GDP
57.5%
2024
59.1%
2022
Industry, % of GDP
30.7%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
2.74%
2024
24.3%
2022
GNI, Atlas method
$2.24T
2024
$1.28B
2024
GNI per capita, PPP
$46,780
2024
$4,140
2024
Total reserves including gold
$597B
2023
$615M
2024
Total reserves ranking
6/177
2023
152/177
2024
Net foreign direct investment
$9.37B
2024
-$9.21M
2022
Net inflows of foreign direct investment
-$9.35B
2024
$28.9M
2024
Net outflows of foreign direct investment
-$170M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
2.65%
2024
2.04%
2024
Poverty at national poverty lines
12.1%
2020
15.9%
2020
Gross capital formation, % of GDP
26.3%
2024
38.3%
2022

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/russia/vanuatu | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1979–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2018–2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.