Vanuatu's tax revenue (current LCU) was 23.35 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 78.7% from 13.07 billion in 2013 (5.98% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 23.35 billion | 2023 |
| Five years earlier | 17.97 billion | 2018 |
| Ten years earlier | 13.07 billion | 2013 |
| Highest | 23.35 billion | 2023 |
| Lowest | 3.99 billion | 1990 |
| Average since 2014 | 16.83 billion | 2014–2023 |
| First recorded | 3.99 billion |
What the numbers say
In 2023, Vanuatu's tax revenue (current LCU) rose 22% on 2022 (from 19.14 billion to 23.35 billion).
Across the 17 yearly changes before that (1996 to 2022), the average change was +5% and a typical year strayed about 8.5% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 22% in 2023 and the biggest yearly fall was 22.1% in 2020. 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 811.75 million a year. A straight line explains 63% 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
What this measures
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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 21 values
| Year | Tax revenue (current LCU) |
|---|---|
| 2023 | 23,354,527,531 |
| 2022 | 19,136,845,153 |
| 2021 | 16,515,899,922 |
| 2020 | 14,732,300,000 |
| 2019 | 18,905,462,765 |
| 2018 | 17,974,974,224 |
| 2017 | 16,253,700,000 |
| 2016 | 14,230,933,000 |
| 2015 | 13,467,377,000 |
| 2014 | 13,747,676,300 |
| 2013 |
Tax revenue (current LCU) in nearby economies
- Australia — 550.61 billion (2022)
- Cambodia — 21.24 trillion (2023)
- China — 9.46 trillion (2024)
- Fiji — 3.24 billion (2024)
- Kiribati — 76.97 million (2023)
- Korea, Rep. — 339.9 trillion (2024)
- Lao PDR — 26.3 trillion (2022)
- Macao SAR, China — 109 billion (2024)
- Malaysia — 240.19 billion (2024)
- Marshall Islands — 41.48 million (2020)
- Micronesia, Fed. Sts. — 26.22 million (2020)
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 tax revenue (current LCU)?
- 23.35 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 485.27% from 3.99 billion in 1990 (5.5% a year on average, compounded). The highest value was 23.35 billion in 2023 and the lowest 3.99 billion in 1990.
- How does Vanuatu rank?
- 12th highest of 17 economies with data for 2023.
- Is the latest change in tax revenue (current LCU) unusual for Vanuatu?
- In 2023, Vanuatu's tax revenue (current LCU) rose 22% on 2022 (from 19.14 billion to 23.35 billion). Across the 17 yearly changes before that (1996 to 2022), the average change was +5% and a typical year strayed about 8.5% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator GC.TAX.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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