Taxes less subsidies on products (current LCU) in Vanuatu
Vanuatu: Taxes less subsidies on products (current LCU) was 15.82 billion current 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 current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Vanuatu is 15.82 billion current LCU, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 4.5% on the previous year and up 87.8% over ten years.
Over the whole period, taxes less subsidies on products in Vanuatu peaked at 15.82 billion current LCU in 2024 and was at its lowest, 3.61 billion current LCU, in 1998.
Vanuatu ranks 123rd of 199 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 (current LCU) in Vanuatu, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 3.61 billion current LCU | — |
| 1999 | 4.47 billion current LCU | +23.9% |
| 2000 | 4.60 billion current LCU | +2.9% |
| 2001 | 4.73 billion current LCU | +2.7% |
| 2002 | 4.26 billion current LCU | -9.8% |
| 2003 | 4.35 billion current LCU | +2.0% |
| 2004 | 4.67 billion current LCU | +7.5% |
| 2005 | 5.18 billion current LCU | +10.7% |
| 2006 | 5.74 billion current LCU | +10.9% |
| 2007 | 7.13 billion current LCU | +24.2% |
| 2008 | 8.39 billion current LCU | +17.7% |
| 2009 | 8.21 billion current LCU | -2.2% |
| 2010 | 6.97 billion current LCU | -15.1% |
| 2011 | 7.61 billion current LCU | +9.3% |
| 2012 | 7.64 billion current LCU | +0.3% |
| 2013 | 8.08 billion current LCU | +5.8% |
| 2014 | 8.43 billion current LCU | +4.3% |
| 2015 | 8.71 billion current LCU | +3.4% |
| 2016 | 8.48 billion current LCU | -2.6% |
| 2017 | 10.44 billion current LCU | +23.0% |
| 2018 | 11.91 billion current LCU | +14.1% |
| 2019 | 12.31 billion current LCU | +3.4% |
| 2020 | 11.20 billion current LCU | -9.0% |
| 2021 | 10.70 billion current LCU | -4.5% |
| 2022 | 13.01 billion current LCU | +21.6% |
| 2023 | 15.13 billion current LCU | +16.3% |
| 2024 | 15.82 billion current LCU | +4.5% |
Vanuatu compared with similar countries
- Vanuatu's 15.82 billion current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU, 16% of the median. (46 countries reporting)
- Vanuatu's 15.82 billion current LCU is below the median for East Asia & Pacific, which is 20.94 billion current LCU, 76% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.04 billion current LCU | 3.61 billion current LCU | 4.47 billion current LCU | 2 |
| 2000s | 5.73 billion current LCU | 4.26 billion current LCU | 8.39 billion current LCU | 10 |
| 2010s | 9.06 billion current LCU | 6.97 billion current LCU | 12.31 billion current LCU | 10 |
| 2020s | 13.17 billion current LCU | 10.70 billion current LCU | 15.82 billion current LCU | 5 |
Countries ranked near Vanuatu
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0198 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Vanuatu?
- Taxes less subsidies on products in Vanuatu was 15.82 billion current 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 15.82 billion current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Vanuatu?
- The lowest recorded value was 3.61 billion current LCU in 1998.
- How does Vanuatu rank for taxes less subsidies on products?
- Vanuatu ranks 123rd out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Vanuatu?
- Over the last ten years it is up 87.8%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.