Vanuatu's other taxes (current LCU) was 489.38 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 35.79% from 360.4 million in 2013 (3.11% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 489.38 million | 2023 |
| Five years earlier | 565.9 million | 2018 |
| Ten years earlier | 360.4 million | 2013 |
| Highest | 606.24 million | 2019 |
| Lowest | 12.3 million | 2010 |
| Average since 2014 | 479.26 million | 2014–2023 |
| First recorded | 18 million |
What the numbers say
In 2023, Vanuatu's other taxes (current LCU) rose 8.5% on 2022 (from 450.94 million to 489.38 million).
Across the 15 yearly changes before that (1996 to 2022), the average change was +50.9% and a typical year strayed about 200.1% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 755.6% in 1996 and the biggest yearly fall was 64.3% in 1997. 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 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 7th highest value of the 15 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
- Togo — 4th of 15: 4.26 billion
- Uzbekistan — 5th of 15: 3.72 billion
- Kazakhstan — 6th of 15: 2.14 billion
- Sri Lanka — 8th of 15: 245.8 million
- Croatia — 9th of 15: 232.06 million
- Jordan — 10th of 15: 103 million
What this measures
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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 19 values
| Year | Other taxes (current LCU) |
|---|---|
| 2023 | 489,375,192 |
| 2022 | 450,941,792 |
| 2021 | 467,655,050 |
| 2020 | 495,500,000 |
| 2019 | 606,242,828 |
| 2018 | 565,900,000 |
| 2017 | 488,100,000 |
| 2016 | 397,770,000 |
| 2015 | 401,500,000 |
| 2014 | 429,600,000 |
| 2013 |
Other taxes (current LCU) in nearby economies
- Australia — 1.06 billion (2022)
- Cambodia — 15.97 billion (2019)
- China — 6.07 billion (2024)
- Korea, Rep. — 31.91 trillion (2024)
- Lao PDR — 186.46 billion (2022)
- Macao SAR, China — 1.84 billion (2024)
- Malaysia — 7.33 billion (2024)
- Marshall Islands — 1.29 million (2020)
- Micronesia, Fed. Sts. — 267,719 (2020)
- Mongolia — 260.81 billion (2024)
- New Zealand — 12.05 million (2024)
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
Questions people ask
- What is Vanuatu's other taxes (current LCU)?
- 489.38 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 2,619% from 18 million in 1995 (12.52% a year on average, compounded). The highest value was 606.24 million in 2019 and the lowest 12.3 million in 2010.
- How does Vanuatu rank?
- 7th highest of 15 economies with data for 2023.
- Is the latest change in other taxes (current LCU) unusual for Vanuatu?
- In 2023, Vanuatu's other taxes (current LCU) rose 8.5% on 2022 (from 450.94 million to 489.38 million). Across the 15 yearly changes before that (1996 to 2022), the average change was +50.9% and a typical year strayed about 200.1% from that (the standard deviation). This year's change was 0.2 standard deviations below 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.TAX.OTHR.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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