Tax revenue in Vanuatu
Vanuatu: Tax revenue was 23.35 billion current LCU in 2023. ▲ Rising
Tax revenue in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, tax revenue in Vanuatu stood at 23.35 billion current LCU. That is the highest value across all 21 years on record.
That represents a change of up 22.0% on the previous year and up 78.7% over ten years.
Over the whole period, tax revenue in Vanuatu peaked at 23.35 billion current LCU in 2023 and was at its lowest, 3.99 billion current LCU, in 1990.
Vanuatu ranks 111th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.33 billion current LCU | 3.99 billion current LCU | 5.93 billion current LCU | 6 |
| 2000s | 10.44 billion current LCU | 10.44 billion current LCU | 10.44 billion current LCU | 1 |
| 2010s | 14.15 billion current LCU | 10.53 billion current LCU | 18.91 billion current LCU | 10 |
| 2020s | 18.43 billion current LCU | 14.73 billion current LCU | 23.35 billion current LCU | 4 |
Countries ranked near Vanuatu
- 108 Trinidad and Tobago 26.57 billion current LCU compare
- 109 Slovakia 24.92 billion current LCU compare
- 112 Georgia 22.57 billion current LCU compare
- 113 Bhutan 22.37 billion current LCU compare
- 114 Azerbaijan 21.89 billion current LCU 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 tax revenue in Vanuatu?
- Tax revenue in Vanuatu was 23.35 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Vanuatu?
- The highest recorded value was 23.35 billion current LCU in 2023.
- What is the lowest tax revenue recorded in Vanuatu?
- The lowest recorded value was 3.99 billion current LCU in 1990.
- How does Vanuatu rank for tax revenue?
- Vanuatu ranks 111th out of 157 countries with data for 2023.
- Is tax revenue rising or falling in Vanuatu?
- Over the last ten years it is up 78.7%. The long-run trend across the full record is rising.
- 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 Tax revenue (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
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.