Customs and other import duties in Vanuatu
Vanuatu: Customs and other import duties was 4.90 billion current LCU in 2023. ▲ Rising
Customs and other import duties in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Vanuatu recorded 4.90 billion current LCU for customs and other import duties in 2023. That is the highest value across all 19 years on record.
That represents a change of up 21.7% on the previous year and up 85.9% over ten years.
Over the whole period, customs and other import duties in Vanuatu peaked at 4.90 billion current LCU in 2023 and was at its lowest, 2.18 billion current LCU, in 1997.
Vanuatu ranks 76th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.69 billion current LCU | 2.18 billion current LCU | 3.06 billion current LCU | 6 |
| 2000s | 3.91 billion current LCU | 3.91 billion current LCU | 3.91 billion current LCU | 1 |
| 2010s | 3.10 billion current LCU | 2.58 billion current LCU | 3.69 billion current LCU | 8 |
| 2020s | 3.76 billion current LCU | 2.99 billion current LCU | 4.90 billion current LCU | 4 |
Countries ranked near Vanuatu
More public sector data for Vanuatu
- Tax revenue 16.5% (2023)
- Taxes on goods and services 39.0% (2023)
- Net investment in nonfinancial assets 5.3% (2023)
- Net lending (+) / net borrowing (-) 0.7% (2023)
- Interest payments 2.4% (2023)
- Grants and other revenue 49.3% (2023)
- Interest payments 3.0% (2023)
- Other taxes 1.1% (2023)
- Compensation of employees 46.1% (2023)
- Goods and services expense 29.8% (2023)
Frequently asked questions
- What is customs and other import duties in Vanuatu?
- Customs and other import duties in Vanuatu was 4.90 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Vanuatu?
- The highest recorded value was 4.90 billion current LCU in 2023.
- What is the lowest customs and other import duties recorded in Vanuatu?
- The lowest recorded value was 2.18 billion current LCU in 1997.
- How does Vanuatu rank for customs and other import duties?
- Vanuatu ranks 76th out of 152 countries with data for 2023.
- Is customs and other import duties rising or falling in Vanuatu?
- Over the last ten years it is up 85.9%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.