Taxes less subsidies on products in Vanuatu
Vanuatu: Taxes less subsidies on products was 15.82 billion constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Vanuatu, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Vanuatu is 15.82 billion constant LCU, measured in 2024.
Compared with earlier readings it is up 3.7% on the previous year and up 26.6% over ten years.
Over the whole period, taxes less subsidies on products in Vanuatu peaked at 17.14 billion constant LCU in 2019 and was at its lowest, 9.00 billion constant LCU, in 1998.
Vanuatu ranks 108th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Taxes less subsidies on products in Vanuatu, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1998 | 9.00 billion constant LCU | — |
| 1999 | 10.93 billion constant LCU | +21.4% |
| 2000 | 11.03 billion constant LCU | +1.0% |
| 2001 | 10.95 billion constant LCU | -0.8% |
| 2002 | 9.68 billion constant LCU | -11.6% |
| 2003 | 9.59 billion constant LCU | -0.9% |
| 2004 | 10.17 billion constant LCU | +6.0% |
| 2005 | 11.11 billion constant LCU | +9.2% |
| 2006 | 12.10 billion constant LCU | +8.9% |
| 2007 | 14.90 billion constant LCU | +23.1% |
| 2008 | 16.23 billion constant LCU | +9.0% |
| 2009 | 15.18 billion constant LCU | -6.5% |
| 2010 | 12.57 billion constant LCU | -17.2% |
| 2011 | 13.61 billion constant LCU | +8.3% |
| 2012 | 12.88 billion constant LCU | -5.4% |
| 2013 | 13.26 billion constant LCU | +2.9% |
| 2014 | 12.49 billion constant LCU | -5.7% |
| 2015 | 12.81 billion constant LCU | +2.5% |
| 2016 | 12.23 billion constant LCU | -4.5% |
| 2017 | 14.96 billion constant LCU | +22.3% |
| 2018 | 16.89 billion constant LCU | +12.9% |
| 2019 | 17.14 billion constant LCU | +1.5% |
| 2020 | 16.18 billion constant LCU | -5.6% |
| 2021 | 13.33 billion constant LCU | -17.6% |
| 2022 | 14.93 billion constant LCU | +12.0% |
| 2023 | 15.26 billion constant LCU | +2.2% |
| 2024 | 15.82 billion constant LCU | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.96 billion constant LCU | 9.00 billion constant LCU | 10.93 billion constant LCU | 2 |
| 2000s | 12.09 billion constant LCU | 9.59 billion constant LCU | 16.23 billion constant LCU | 10 |
| 2010s | 13.88 billion constant LCU | 12.23 billion constant LCU | 17.14 billion constant LCU | 10 |
| 2020s | 15.11 billion constant LCU | 13.33 billion constant LCU | 16.18 billion constant LCU | 5 |
Countries ranked near Vanuatu
- 105 Equatorial Guinea 22.21 billion constant LCU compare
- 106 Moldova 20.77 billion constant LCU compare
- 107 Switzerland 20.33 billion constant LCU compare
- 109 Namibia 14.60 billion constant LCU compare
- 110 Turkmenistan 12.68 billion constant LCU compare
- 111 Croatia 12.51 billion constant LCU 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.81 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8977 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 3,555 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.86 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 106.98 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 423,611 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.78 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7361 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Vanuatu?
- Taxes less subsidies on products in Vanuatu was 15.82 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Vanuatu?
- The highest recorded value was 17.14 billion constant LCU in 2019.
- What is the lowest taxes less subsidies on products recorded in Vanuatu?
- The lowest recorded value was 9.00 billion constant LCU in 1998.
- How does Vanuatu rank for taxes less subsidies on products?
- Vanuatu ranks 108th out of 187 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Vanuatu?
- Over the last ten years it is up 26.6%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.