Taxes on goods and services (current LCU), annual growth rate in Vanuatu
Vanuatu: Taxes on goods and services (current LCU), annual growth rate was 22.77 % change on previous year in 2023. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Vanuatu, 1996–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Vanuatu recorded 22.77 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2023. That is the highest value across all 18 years on record.
That represents a change of up 52.3% on the previous year and up 75.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Vanuatu peaked at 22.77 % change on previous year in 2023 and was at its lowest, -24.33 % change on previous year, in 2020.
Vanuatu ranks 34th of 156 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Vanuatu, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 0.6155 % change on previous year | — |
| 1997 | 11.15 % change on previous year | +1711.9% |
| 1998 | 17.78 % change on previous year | +59.4% |
| 1999 | 21.1 % change on previous year | +18.7% |
| 2010 | 20.81 % change on previous year | -1.4% |
| 2011 | 10.53 % change on previous year | -49.4% |
| 2012 | 2.5 % change on previous year | -76.3% |
| 2013 | 12.99 % change on previous year | +420.3% |
| 2014 | 5.79 % change on previous year | -55.4% |
| 2015 | -5.05 % change on previous year | -187.2% |
| 2016 | 5.52 % change on previous year | -209.3% |
| 2017 | 14.58 % change on previous year | +164.1% |
| 2018 | 12.18 % change on previous year | -16.5% |
| 2019 | 6.88 % change on previous year | -43.5% |
| 2020 | -24.33 % change on previous year | -453.7% |
| 2021 | 14.71 % change on previous year | -160.5% |
| 2022 | 14.94 % change on previous year | +1.6% |
| 2023 | 22.77 % change on previous year | +52.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.66 % change on previous year | 0.6155 % change on previous year | 21.1 % change on previous year | 4 |
| 2010s | 8.67 % change on previous year | -5.05 % change on previous year | 20.81 % change on previous year | 10 |
| 2020s | 7.02 % change on previous year | -24.33 % change on previous year | 22.77 % change on previous year | 4 |
Countries ranked near Vanuatu
- 31 Ethiopia 23.97 % change on previous year compare
- 32 Seychelles 23.76 % change on previous year compare
- 33 Bangladesh 23.69 % change on previous year compare
- 35 Tajikistan 21.06 % change on previous year compare
- 36 Philippines 20.56 % change on previous year compare
- 37 Iraq 20.01 % change on previous year 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 taxes on goods and services (current lcu), annual growth rate in Vanuatu?
- Taxes on goods and services (current lcu), annual growth rate in Vanuatu was 22.77 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Vanuatu?
- The highest recorded value was 22.77 % change on previous year in 2023.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Vanuatu?
- The lowest recorded value was -24.33 % change on previous year in 2020.
- How does Vanuatu rank for taxes on goods and services (current lcu), annual growth rate?
- Vanuatu ranks 34th out of 156 countries with data for 2023.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Vanuatu?
- Over the last ten years it is up 75.2%. The long-run trend across the full record is volatile.
- Where does this Vanuatu data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.