Subsidies and other transfers in Vanuatu
Vanuatu: Subsidies and other transfers was 6.71 billion current LCU in 2023. ◆ Volatile
Subsidies and other transfers in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Vanuatu recorded 6.71 billion current LCU for subsidies and other transfers in 2023.
The figure is down 2.6% on the previous year and up 244.7% over ten years.
Over the whole period, subsidies and other transfers in Vanuatu peaked at 7.47 billion current LCU in 2020 and was at its lowest, 228.00 million current LCU, in 1990.
That places Vanuatu 124th out of 153 countries with data for 2023, putting it in the bottom 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 |
|---|---|---|---|---|
| 1990s | 228.00 million current LCU | 228.00 million current LCU | 228.00 million current LCU | 1 |
| 2000s | 1.59 billion current LCU | 1.59 billion current LCU | 1.59 billion current LCU | 1 |
| 2010s | 3.04 billion current LCU | 1.92 billion current LCU | 5.06 billion current LCU | 10 |
| 2020s | 6.72 billion current LCU | 5.82 billion current LCU | 7.47 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 subsidies and other transfers in Vanuatu?
- Subsidies and other transfers in Vanuatu was 6.71 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Vanuatu?
- The highest recorded value was 7.47 billion current LCU in 2020.
- What is the lowest subsidies and other transfers recorded in Vanuatu?
- The lowest recorded value was 228.00 million current LCU in 1990.
- How does Vanuatu rank for subsidies and other transfers?
- Vanuatu ranks 124th out of 153 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Vanuatu?
- Over the last ten years it is up 244.7%. The long-run trend across the full record is volatile.
- 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.