Taxes on goods and services in Vanuatu
Vanuatu: Taxes on goods and services was 18.8% in 2023. ▬ Flat
Taxes on goods and services in Vanuatu, 2009–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2023, taxes on goods and services in Vanuatu stood at 18.8%. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 13.7% on the previous year and up 8.0% over ten years.
Over the whole period, taxes on goods and services in Vanuatu peaked at 18.8% in 2023 and was at its lowest, 13.6%, in 2020.
Vanuatu ranks 9th of 154 countries on this measure, in the top 10%.
Taxes on goods and services in Vanuatu, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2009 | 14.3% | — |
| 2010 | 16.2% | +13.8% |
| 2011 | 17.2% | +6.0% |
| 2012 | 17.9% | +4.2% |
| 2013 | 17.4% | -2.9% |
| 2014 | 18.2% | +4.3% |
| 2015 | 15.3% | -15.8% |
| 2016 | 15.0% | -1.9% |
| 2017 | 16.1% | +7.7% |
| 2018 | 17.4% | +7.7% |
| 2019 | 17.0% | -2.2% |
| 2020 | 13.6% | -19.7% |
| 2021 | 15.4% | +12.6% |
| 2022 | 16.5% | +7.5% |
| 2023 | 18.8% | +13.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.3% | 14.3% | 14.3% | 1 |
| 2010s | 16.8% | 15.0% | 18.2% | 10 |
| 2020s | 16.1% | 13.6% | 18.8% | 4 |
Countries ranked near Vanuatu
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 in Vanuatu?
- Taxes on goods and services in Vanuatu was 18.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Vanuatu?
- The highest recorded value was 18.8% in 2023.
- What is the lowest taxes on goods and services recorded in Vanuatu?
- The lowest recorded value was 13.6% in 2020.
- How does Vanuatu rank for taxes on goods and services?
- Vanuatu ranks 9th out of 154 countries with data for 2023.
- Is taxes on goods and services rising or falling in Vanuatu?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is flat.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.