Taxes on goods and services (current LCU), per unit of GDP in Vanuatu
Vanuatu: Taxes on goods and services (current LCU), per unit of GDP was 15.12 current LCU per US$ of GDP in 2023. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Vanuatu, 1990–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2023, taxes on goods and services (current lcu), per unit of gdp in Vanuatu stood at 15.12 current LCU per US$ of GDP. That is the highest value across all 21 years on record.
The figure is up 19.0% on the previous year and up 29.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Vanuatu peaked at 15.12 current LCU per US$ of GDP in 2023 and was at its lowest, 7.42 current LCU per US$ of GDP, in 1990.
Vanuatu ranks 39th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Vanuatu, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1990 | 7.42 current LCU per US$ of GDP | — |
| 1995 | 8.47 current LCU per US$ of GDP | +14.2% |
| 1996 | 8.13 current LCU per US$ of GDP | -4.0% |
| 1997 | 8.66 current LCU per US$ of GDP | +6.5% |
| 1998 | 10.61 current LCU per US$ of GDP | +22.5% |
| 1999 | 12.57 current LCU per US$ of GDP | +18.5% |
| 2009 | 10.99 current LCU per US$ of GDP | -12.6% |
| 2010 | 11.73 current LCU per US$ of GDP | +6.7% |
| 2011 | 11.29 current LCU per US$ of GDP | -3.7% |
| 2012 | 11.92 current LCU per US$ of GDP | +5.6% |
| 2013 | 11.67 current LCU per US$ of GDP | -2.1% |
| 2014 | 12.12 current LCU per US$ of GDP | +3.9% |
| 2015 | 11.83 current LCU per US$ of GDP | -2.4% |
| 2016 | 11.75 current LCU per US$ of GDP | -0.7% |
| 2017 | 12.25 current LCU per US$ of GDP | +4.3% |
| 2018 | 13.26 current LCU per US$ of GDP | +8.3% |
| 2019 | 13.81 current LCU per US$ of GDP | +4.1% |
| 2020 | 10.91 current LCU per US$ of GDP | -21.0% |
| 2021 | 11.64 current LCU per US$ of GDP | +6.7% |
| 2022 | 12.7 current LCU per US$ of GDP | +9.2% |
| 2023 | 15.12 current LCU per US$ of GDP | +19.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.31 current LCU per US$ of GDP | 7.42 current LCU per US$ of GDP | 12.57 current LCU per US$ of GDP | 6 |
| 2000s | 10.99 current LCU per US$ of GDP | 10.99 current LCU per US$ of GDP | 10.99 current LCU per US$ of GDP | 1 |
| 2010s | 12.16 current LCU per US$ of GDP | 11.29 current LCU per US$ of GDP | 13.81 current LCU per US$ of GDP | 10 |
| 2020s | 12.59 current LCU per US$ of GDP | 10.91 current LCU per US$ of GDP | 15.12 current LCU per US$ of GDP | 4 |
Countries ranked near Vanuatu
- 36 Sri Lanka 16.85 current LCU per US$ of GDP compare
- 37 Congo 15.69 current LCU per US$ of GDP compare
- 38 Iceland 15.35 current LCU per US$ of GDP compare
- 40 Albania 12.09 current LCU per US$ of GDP compare
- 41 Gabon 11.69 current LCU per US$ of GDP compare
- 42 Kyrgyzstan 10.82 current LCU per US$ of GDP 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), per unit of gdp in Vanuatu?
- Taxes on goods and services (current lcu), per unit of gdp in Vanuatu was 15.12 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Vanuatu?
- The highest recorded value was 15.12 current LCU per US$ of GDP in 2023.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Vanuatu?
- The lowest recorded value was 7.42 current LCU per US$ of GDP in 1990.
- How does Vanuatu rank for taxes on goods and services (current lcu), per unit of gdp?
- Vanuatu ranks 39th out of 157 countries with data for 2023.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Vanuatu?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.