Taxes on international trade in Vanuatu
Vanuatu: Taxes on international trade was 10.6% in 2023. ◆ Volatile
Taxes on international trade in Vanuatu, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Vanuatu recorded 10.6% for taxes on international trade in 2023.
The figure is down 1.5% on the previous year and down 34.6% over ten years.
Over the whole period, taxes on international trade in Vanuatu peaked at 56.5% in 1990 and was at its lowest, 7.1%, in 2021.
Vanuatu ranks 34th of 154 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 international trade in Vanuatu, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 56.5% | — |
| 1995 | 46.7% | -17.4% |
| 1996 | 49.5% | +6.1% |
| 1997 | 53.2% | +7.5% |
| 1998 | 46.4% | -12.7% |
| 1999 | 36.2% | -22.0% |
| 2009 | 23.1% | -36.4% |
| 2010 | 15.8% | -31.3% |
| 2011 | 15.1% | -4.6% |
| 2012 | 16.4% | +8.6% |
| 2013 | 16.3% | -0.6% |
| 2014 | 14.7% | -9.8% |
| 2015 | 11.0% | -25.3% |
| 2016 | 10.7% | -2.4% |
| 2017 | 10.9% | +1.7% |
| 2018 | 9.5% | -12.6% |
| 2019 | 8.1% | -15.0% |
| 2020 | 7.9% | -1.9% |
| 2021 | 7.1% | -10.9% |
| 2022 | 10.8% | +52.7% |
| 2023 | 10.6% | -1.5% |
Vanuatu compared with similar countries
- Vanuatu's 10.6% is above the median for lower middle income countries, which is 7.8%, 1.4× the median. (36 countries reporting)
- Vanuatu's 10.6% is above the median for East Asia & Pacific, which is 4.5%, 2.4× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.1% | 36.2% | 56.5% | 6 |
| 2000s | 23.1% | 23.1% | 23.1% | 1 |
| 2010s | 12.8% | 8.1% | 16.4% | 10 |
| 2020s | 9.1% | 7.1% | 10.8% | 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 international trade in Vanuatu?
- Taxes on international trade in Vanuatu was 10.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Vanuatu?
- The highest recorded value was 56.5% in 1990.
- What is the lowest taxes on international trade recorded in Vanuatu?
- The lowest recorded value was 7.1% in 2021.
- How does Vanuatu rank for taxes on international trade?
- Vanuatu ranks 34th out of 154 countries with data for 2023.
- Is taxes on international trade rising or falling in Vanuatu?
- Over the last ten years it is down 34.6%. 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.