Bahrain - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Bahrain was $958,244,700 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $1,097,739,000 in 2019 and $106,924,900 in 1980.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 $106,924,900
1981 $133,510,600
1982 $160,638,300
1983 $166,755,300
1984 $155,585,100
2006 $182,393,600
2007 $212,925,500
2008 $262,367,000
2009 $221,569,200
2010 $268,617,000
2011 $244,973,400
2012 $303,617,000
2013 $306,063,800
2014 $235,638,300
2015 $290,478,700
2016 $261,037,200
2017 $335,851,100
2018 $412,686,200
2019 $1,097,739,000
2020 $958,244,700

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Bahrain was 360,300,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 412,750,000 in 2019 and a minimum value of 40,300,000 in 1980.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1980 40,300,000
1981 50,200,000
1982 60,400,000
1983 62,700,000
1984 58,500,000
2006 68,580,000
2007 80,060,000
2008 98,650,000
2009 83,310,000
2010 101,000,000
2011 92,110,000
2012 114,160,000
2013 115,080,000
2014 88,600,000
2015 109,220,000
2016 98,150,000
2017 126,280,000
2018 155,170,000
2019 412,750,000
2020 360,300,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Bahrain was 351,160,000 as of 2020. As the graph below shows, over the past 14 years this indicator reached a maximum value of 403,850,000 in 2019 and a minimum value of 85,340,000 in 2014.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2006 96,930,000
2007 106,510,000
2008 110,800,000
2009 103,710,000
2010 101,000,000
2011 99,360,000
2012 114,430,000
2013 112,830,000
2014 85,340,000
2015 104,200,000
2016 86,560,000
2017 110,120,000
2018 142,910,000
2019 403,850,000
2020 351,160,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts