Taxes less subsidies on products (constant LCU), per unit of GDP in Vanuatu
Vanuatu: Taxes less subsidies on products (constant LCU), per unit of GDP was 12.19 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Vanuatu, 1998–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Vanuatu recorded 12.19 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2024. That is the lowest value across all 27 years on record.
The figure is down 5.1% on the previous year and down 14.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Vanuatu peaked at 42.45 constant LCU per US$ of GDP in 2001 and was at its lowest, 12.19 constant LCU per US$ of GDP, in 2024.
That places Vanuatu 41st out of 189 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Vanuatu, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 34.31 constant LCU per US$ of GDP | — |
| 1999 | 40.77 constant LCU per US$ of GDP | +18.8% |
| 2000 | 40.56 constant LCU per US$ of GDP | -0.5% |
| 2001 | 42.45 constant LCU per US$ of GDP | +4.7% |
| 2002 | 36.87 constant LCU per US$ of GDP | -13.1% |
| 2003 | 30.51 constant LCU per US$ of GDP | -17.3% |
| 2004 | 27.85 constant LCU per US$ of GDP | -8.7% |
| 2005 | 28.12 constant LCU per US$ of GDP | +1.0% |
| 2006 | 27.54 constant LCU per US$ of GDP | -2.1% |
| 2007 | 28.85 constant LCU per US$ of GDP | +4.8% |
| 2008 | 27.48 constant LCU per US$ of GDP | -4.7% |
| 2009 | 25.62 constant LCU per US$ of GDP | -6.8% |
| 2010 | 18.74 constant LCU per US$ of GDP | -26.9% |
| 2011 | 17.68 constant LCU per US$ of GDP | -5.7% |
| 2012 | 17.23 constant LCU per US$ of GDP | -2.5% |
| 2013 | 15.36 constant LCU per US$ of GDP | -10.9% |
| 2014 | 14.21 constant LCU per US$ of GDP | -7.4% |
| 2015 | 14.97 constant LCU per US$ of GDP | +5.4% |
| 2016 | 13.46 constant LCU per US$ of GDP | -10.1% |
| 2017 | 14.98 constant LCU per US$ of GDP | +11.3% |
| 2018 | 16.33 constant LCU per US$ of GDP | +9.0% |
| 2019 | 16.15 constant LCU per US$ of GDP | -1.1% |
| 2020 | 15.91 constant LCU per US$ of GDP | -1.5% |
| 2021 | 12.19 constant LCU per US$ of GDP | -23.4% |
| 2022 | 12.97 constant LCU per US$ of GDP | +6.4% |
| 2023 | 12.84 constant LCU per US$ of GDP | -1.0% |
| 2024 | 12.19 constant LCU per US$ of GDP | -5.1% |
Vanuatu compared with similar countries
- Vanuatu's 12.19 constant LCU per US$ of GDP is above the median for lower middle income countries, which is 1.91 constant LCU per US$ of GDP, 6.4× the median. (46 countries reporting)
- Vanuatu's 12.19 constant LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.1427 constant LCU per US$ of GDP, 85.4× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.54 constant LCU per US$ of GDP | 34.31 constant LCU per US$ of GDP | 40.77 constant LCU per US$ of GDP | 2 |
| 2000s | 31.58 constant LCU per US$ of GDP | 25.62 constant LCU per US$ of GDP | 42.45 constant LCU per US$ of GDP | 10 |
| 2010s | 15.91 constant LCU per US$ of GDP | 13.46 constant LCU per US$ of GDP | 18.74 constant LCU per US$ of GDP | 10 |
| 2020s | 13.22 constant LCU per US$ of GDP | 12.19 constant LCU per US$ of GDP | 15.91 constant LCU per US$ of GDP | 5 |
Countries ranked near Vanuatu
- 38 Cape Verde 15.95 constant LCU per US$ of GDP compare
- 39 Democratic Republic of Congo 13.64 constant LCU per US$ of GDP compare
- 40 Jamaica 13.55 constant LCU per US$ of GDP compare
- 42 Serbia 11.7 constant LCU per US$ of GDP compare
- 43 Albania 9.66 constant LCU per US$ of GDP compare
- 44 Iceland 9.12 constant LCU per US$ of GDP compare
More economy & growth data for Vanuatu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2699 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.79 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 8.5 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.86 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 211.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0222 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 88.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Vanuatu?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Vanuatu was 12.19 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Vanuatu?
- The highest recorded value was 42.45 constant LCU per US$ of GDP in 2001.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Vanuatu?
- The lowest recorded value was 12.19 constant LCU per US$ of GDP in 2024.
- How does Vanuatu rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Vanuatu ranks 41st out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Vanuatu?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is falling.
- Where does this Vanuatu data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- 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 less subsidies on products (constant 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.