Net incurrence of liabilities, total in Vanuatu
Vanuatu: Net incurrence of liabilities, total was 1.3% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net incurrence of liabilities, total in Vanuatu stood at 1.3%.
The figure is down 52.7% on the previous year and up 763.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Vanuatu peaked at 3.6% in 1990 and was at its lowest, -2.7%, in 2018.
Vanuatu ranks 99th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Vanuatu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 3.6% | — |
| 2009 | 1.0% | -70.6% |
| 2010 | 1.6% | +55.9% |
| 2011 | 1.6% | -2.4% |
| 2012 | 1.5% | -4.9% |
| 2013 | -0.2% | -112.8% |
| 2014 | -0.4% | +86.7% |
| 2015 | -0.6% | +55.2% |
| 2016 | 0.9% | -261.0% |
| 2017 | -0.4% | -145.2% |
| 2018 | -2.7% | +558.7% |
| 2019 | 3.5% | -229.6% |
| 2020 | 2.2% | -36.0% |
| 2021 | 0.4% | -81.0% |
| 2022 | 2.7% | +540.7% |
| 2023 | 1.3% | -52.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.6% | 3.6% | 3.6% | 1 |
| 2000s | 1.0% | 1.0% | 1.0% | 1 |
| 2010s | 0.5% | -2.7% | 3.5% | 10 |
| 2020s | 1.7% | 0.4% | 2.7% | 4 |
Countries ranked near Vanuatu
- 96 Micronesia, Federated States of 1.5% compare
- 97 Congo 1.5% compare
- 98 Belarus 1.3% compare
- 100 Russian Federation 1.3% compare
- 101 Azerbaijan 1.3% compare
- 102 Guatemala 1.2% 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)
- Goods and services expense 29.8% (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Vanuatu?
- Net incurrence of liabilities, total in Vanuatu was 1.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Vanuatu?
- The highest recorded value was 3.6% in 1990.
- What is the lowest net incurrence of liabilities, total recorded in Vanuatu?
- The lowest recorded value was -2.7% in 2018.
- How does Vanuatu rank for net incurrence of liabilities, total?
- Vanuatu ranks 99th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Vanuatu?
- Over the last ten years it is up 763.0%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.