Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Vanuatu
Vanuatu: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 12.19 current LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (current LCU), per unit of GDP in Vanuatu, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (current lcu), per unit of gdp in Vanuatu stood at 12.19 current LCU per US$ of GDP.
That represents a change of down 4.3% on the previous year and up 27.2% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Vanuatu peaked at 18.33 current LCU per US$ of GDP in 2001 and was at its lowest, 9.34 current LCU per US$ of GDP, in 2016.
Vanuatu ranks 52nd of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Vanuatu, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 13.76 current LCU per US$ of GDP | — |
| 1999 | 16.69 current LCU per US$ of GDP | +21.3% |
| 2000 | 16.91 current LCU per US$ of GDP | +1.4% |
| 2001 | 18.33 current LCU per US$ of GDP | +8.4% |
| 2002 | 16.23 current LCU per US$ of GDP | -11.4% |
| 2003 | 13.83 current LCU per US$ of GDP | -14.8% |
| 2004 | 12.81 current LCU per US$ of GDP | -7.4% |
| 2005 | 13.11 current LCU per US$ of GDP | +2.3% |
| 2006 | 13.07 current LCU per US$ of GDP | -0.3% |
| 2007 | 13.81 current LCU per US$ of GDP | +5.6% |
| 2008 | 14.21 current LCU per US$ of GDP | +2.9% |
| 2009 | 13.85 current LCU per US$ of GDP | -2.5% |
| 2010 | 10.39 current LCU per US$ of GDP | -25.0% |
| 2011 | 9.88 current LCU per US$ of GDP | -4.8% |
| 2012 | 10.21 current LCU per US$ of GDP | +3.3% |
| 2013 | 9.36 current LCU per US$ of GDP | -8.4% |
| 2014 | 9.58 current LCU per US$ of GDP | +2.4% |
| 2015 | 10.18 current LCU per US$ of GDP | +6.3% |
| 2016 | 9.34 current LCU per US$ of GDP | -8.3% |
| 2017 | 10.45 current LCU per US$ of GDP | +11.9% |
| 2018 | 11.51 current LCU per US$ of GDP | +10.1% |
| 2019 | 11.6 current LCU per US$ of GDP | +0.8% |
| 2020 | 11.01 current LCU per US$ of GDP | -5.1% |
| 2021 | 9.78 current LCU per US$ of GDP | -11.1% |
| 2022 | 11.3 current LCU per US$ of GDP | +15.5% |
| 2023 | 12.74 current LCU per US$ of GDP | +12.8% |
| 2024 | 12.19 current LCU per US$ of GDP | -4.3% |
Vanuatu compared with similar countries
- Vanuatu's 12.19 current LCU per US$ of GDP is above the median for lower middle income countries, which is 3.66 current LCU per US$ of GDP, 3.3× the median. (46 countries reporting)
- Vanuatu's 12.19 current LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.2038 current LCU per US$ of GDP, 59.8× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.22 current LCU per US$ of GDP | 13.76 current LCU per US$ of GDP | 16.69 current LCU per US$ of GDP | 2 |
| 2000s | 14.62 current LCU per US$ of GDP | 12.81 current LCU per US$ of GDP | 18.33 current LCU per US$ of GDP | 10 |
| 2010s | 10.25 current LCU per US$ of GDP | 9.34 current LCU per US$ of GDP | 11.6 current LCU per US$ of GDP | 10 |
| 2020s | 11.4 current LCU per US$ of GDP | 9.78 current LCU per US$ of GDP | 12.74 current LCU per US$ of GDP | 5 |
Countries ranked near Vanuatu
- 49 French Polynesia 14.18 current LCU per US$ of GDP compare
- 50 Iceland 12.93 current LCU per US$ of GDP compare
- 51 Kyrgyz Republic 12.54 current LCU per US$ of GDP compare
- 53 Albania 11.85 current LCU per US$ of GDP compare
- 54 New Caledonia 10.98 current LCU per US$ of GDP compare
- 55 Djibouti 9.76 current LCU per US$ of GDP compare
More economy & growth data for Vanuatu
- Real gdp growth, annual growth rate -35.4 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -3.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0163 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 65.88 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.08 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0119 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 48.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Vanuatu?
- Taxes less subsidies on products (current lcu), per unit of gdp in Vanuatu was 12.19 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Vanuatu?
- The highest recorded value was 18.33 current LCU per US$ of GDP in 2001.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Vanuatu?
- The lowest recorded value was 9.34 current LCU per US$ of GDP in 2016.
- How does Vanuatu rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Vanuatu ranks 52nd out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Vanuatu?
- Over the last ten years it is up 27.2%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (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.