Vanuatu: Net investment in nonfinancial assets (current LCU)

Key figures

What the numbers say

In 2023, Vanuatu's net investment in nonfinancial assets (current LCU) rose 977.83 million on 2022 (from 6.46 billion to 7.44 billion).

Across the 17 yearly changes before that (1996 to 2022), the average change was +151.26 million and a typical year strayed about 2.38 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 6.87 billion in 2017 and the biggest yearly fall was 3.12 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 859.68 million a year. A straight line explains 55% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Vanuatu had the 12th highest value of the 17 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Vanuatu in the 2023 ranking

• Iceland — 9th of 17: 100.01 billion
• Ghana — 10th of 17: 21.11 billion
• Botswana — 11th of 17: 16.01 billion
• Croatia — 13th of 17: 2.54 billion
• Jordan — 14th of 17: 689.1 million
• Samoa — 15th of 17: 131.4 million

What this measures

Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 20 values

Net investment in nonfinancial assets (current LCU) in nearby economies

• Australia — 19.74 billion (2022)
• Cambodia — 9 trillion (2023)
• Fiji — 116.64 million (2024)
• Kiribati — 31.07 million (2023)
• Korea, Rep. — 33.54 trillion (2024)
• Lao PDR — 9.31 trillion (2022)
• Macao SAR, China — 18.9 billion (2024)
• Malaysia — 84.41 billion (2024)
• Marshall Islands — 21.35 million (2020)
• Micronesia, Fed. Sts.

More public sector data for Vanuatu

• Net lending (+) / net borrowing (-) (current LCU) — 943.13 million (2023)
• Net lending (+) / net borrowing (-) (% of GDP) — 0.67% (2023)
• Grants and other revenue (current LCU) — 22.69 billion (2023)
• Grants and other revenue (% of revenue) — 49.28% (2023)
• Revenue, excluding grants (current LCU) — 34.2 billion (2023)
• Revenue, excluding grants (% of GDP) — 24.16% (2023)
• Taxes on goods and services (current LCU) — 17.96 billion (2023)
• Taxes on goods and services (% of revenue) — 39.01% (2023)
• Taxes on international trade (current LCU) — 4.9 billion (2023)
• Taxes on international trade (% of revenue)

Reading data like this

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Questions people ask

What is Vanuatu's net investment in nonfinancial assets (current LCU)?

7.44 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 49,695% from -15 million in 1995. The highest value was 9.58 billion in 2021 and the lowest -15 million in 1995.

How does Vanuatu rank?

12th highest of 17 economies with data for 2023.

Is the latest change in net investment in nonfinancial assets (current LCU) unusual for Vanuatu?

In 2023, Vanuatu's net investment in nonfinancial assets (current LCU) rose 977.83 million on 2022 (from 6.46 billion to 7.44 billion). Across the 17 yearly changes before that (1996 to 2022), the average change was +151.26 million and a typical year strayed about 2.38 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.NFN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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