Taxes on goods and services in Vanuatu
Vanuatu: Taxes on goods and services was 17.96 billion current LCU in 2023. ◆ Volatile
Taxes on goods and services in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Vanuatu recorded 17.96 billion current LCU for taxes on goods and services in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 22.8% on the previous year and up 78.4% over ten years.
Over the whole period, taxes on goods and services in Vanuatu peaked at 17.96 billion current LCU in 2023 and was at its lowest, 1.25 billion current LCU, in 1990.
That places Vanuatu 104th out of 157 countries with data for 2023, putting it in the middle of the range.
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 | 2.33 billion current LCU | 1.25 billion current LCU | 3.37 billion current LCU | 6 |
| 2000s | 6.51 billion current LCU | 6.51 billion current LCU | 6.51 billion current LCU | 1 |
| 2010s | 10.76 billion current LCU | 7.87 billion current LCU | 14.66 billion current LCU | 10 |
| 2020s | 14.11 billion current LCU | 11.10 billion current LCU | 17.96 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 taxes on goods and services in Vanuatu?
- Taxes on goods and services in Vanuatu was 17.96 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Vanuatu?
- The highest recorded value was 17.96 billion current LCU in 2023.
- What is the lowest taxes on goods and services recorded in Vanuatu?
- The lowest recorded value was 1.25 billion current LCU in 1990.
- How does Vanuatu rank for taxes on goods and services?
- Vanuatu ranks 104th out of 157 countries with data for 2023.
- Is taxes on goods and services rising or falling in Vanuatu?
- Over the last ten years it is up 78.4%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.