Goods and services expense in Vanuatu
Vanuatu: Goods and services expense was 29.8% in 2023. ▼ Falling
Goods and services expense in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Vanuatu recorded 29.8% for goods and services expense in 2023.
Compared with earlier readings it is up 1.7% on the previous year and up 12.8% over ten years.
Over the whole period, goods and services expense in Vanuatu peaked at 39.9% in 1997 and was at its lowest, 26.1%, in 2012.
That places Vanuatu 13th out of 154 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
Goods and services expense in Vanuatu, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 28.9% | — |
| 1995 | 27.4% | -5.1% |
| 1996 | 32.6% | +18.8% |
| 1997 | 39.9% | +22.2% |
| 1998 | 29.7% | -25.5% |
| 1999 | 29.3% | -1.2% |
| 2009 | 29.5% | +0.7% |
| 2010 | 31.1% | +5.2% |
| 2011 | 27.6% | -11.2% |
| 2012 | 26.1% | -5.3% |
| 2013 | 26.4% | +1.0% |
| 2014 | 30.0% | +13.7% |
| 2015 | 30.5% | +1.6% |
| 2016 | 27.8% | -8.9% |
| 2017 | 31.9% | +14.9% |
| 2018 | 29.6% | -7.2% |
| 2019 | 32.0% | +8.0% |
| 2020 | 27.5% | -14.1% |
| 2021 | 28.2% | +2.7% |
| 2022 | 29.3% | +3.8% |
| 2023 | 29.8% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.3% | 27.4% | 39.9% | 6 |
| 2000s | 29.5% | 29.5% | 29.5% | 1 |
| 2010s | 29.3% | 26.1% | 32.0% | 10 |
| 2020s | 28.7% | 27.5% | 29.8% | 4 |
Countries ranked near Vanuatu
- 10 Micronesia, Federated States of 32.9% compare
- 11 Guinea-Bissau 32.4% compare
- 12 Central African Republic 31.7% compare
- 14 Kiribati 29.4% compare
- 15 Angola 29.4% compare
- 16 United Arab Emirates 28.9% compare
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)
- Taxes on international trade 10.6% (2023)
Frequently asked questions
- What is goods and services expense in Vanuatu?
- Goods and services expense in Vanuatu was 29.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Vanuatu?
- The highest recorded value was 39.9% in 1997.
- What is the lowest goods and services expense recorded in Vanuatu?
- The lowest recorded value was 26.1% in 2012.
- How does Vanuatu rank for goods and services expense?
- Vanuatu ranks 13th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Vanuatu?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is falling.
- 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.