Interest payments in Vanuatu
Vanuatu: Interest payments was 2.4% in 2023. ▼ Falling
Interest payments in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Vanuatu recorded 2.4% for interest payments in 2023.
Compared with earlier readings it is down 9.2% on the previous year and down 29.2% over ten years.
Over the whole period, interest payments in Vanuatu peaked at 4.0% in 1990 and was at its lowest, 1.9%, in 2009.
That places Vanuatu 124th out of 155 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Interest payments in Vanuatu, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 4.0% | — |
| 1995 | 2.5% | -36.6% |
| 1996 | 2.5% | +0.7% |
| 1997 | 2.4% | -7.2% |
| 1998 | 2.4% | +2.5% |
| 1999 | 3.7% | +52.4% |
| 2009 | 1.9% | -48.8% |
| 2010 | 2.0% | +6.1% |
| 2011 | 2.7% | +34.3% |
| 2012 | 3.0% | +10.2% |
| 2013 | 3.4% | +16.1% |
| 2014 | 3.2% | -7.7% |
| 2015 | 2.6% | -17.7% |
| 2016 | 3.1% | +18.3% |
| 2017 | 3.0% | -3.0% |
| 2018 | 2.5% | -17.1% |
| 2019 | 2.1% | -15.3% |
| 2020 | 2.2% | +4.1% |
| 2021 | 2.0% | -8.6% |
| 2022 | 2.7% | +34.0% |
| 2023 | 2.4% | -9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.9% | 2.4% | 4.0% | 6 |
| 2000s | 1.9% | 1.9% | 1.9% | 1 |
| 2010s | 2.7% | 2.0% | 3.4% | 10 |
| 2020s | 2.3% | 2.0% | 2.7% | 4 |
Countries ranked near Vanuatu
- 121 Saint Kitts and Nevis 2.7% compare
- 122 Kyrgyzstan 2.6% compare
- 123 Germany 2.5% compare
- 125 Bosnia and Herzegovina 2.4% compare
- 126 Russia 2.4% compare
- 127 Burundi 2.4% 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)
- 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)
- Taxes on international trade 10.6% (2023)
Frequently asked questions
- What is interest payments in Vanuatu?
- Interest payments in Vanuatu was 2.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Vanuatu?
- The highest recorded value was 4.0% in 1990.
- What is the lowest interest payments recorded in Vanuatu?
- The lowest recorded value was 1.9% in 2009.
- How does Vanuatu rank for interest payments?
- Vanuatu ranks 124th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Vanuatu?
- Over the last ten years it is down 29.2%. 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 Interest payments (% of revenue). 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
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.