Net incurrence of liabilities, total (% of GDP) in Vanuatu
Vanuatu: Net incurrence of liabilities, total (% of GDP) 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 (% of GDP) 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% |
Vanuatu compared with similar countries
- Vanuatu's 1.3% is below the median for lower middle income countries, which is 2.9%, 44% of the median. (34 countries reporting)
- Vanuatu's 1.3% is below the median for East Asia & Pacific, which is 2.0%, 65% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +540.7% | 0.4% | 2.7% |
| 2018 | -558.7% | -0.4% | -2.7% |
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
More public sector data for Vanuatu
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
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.