Bermuda - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Bermuda was $205,078,000 as of 2010. Over the past 14 years, the value for this indicator has fluctuated between $234,444,000 in 2006 and $142,035,000 in 1996.

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
1996 $142,035,000
1997 $147,994,000
1998 $155,563,000
1999 $173,688,000
2000 $183,751,000
2001 $184,618,000
2002 $188,241,000
2003 $196,994,000
2004 $216,072,000
2005 $231,305,000
2006 $234,444,000
2007 $233,942,000
2008 $227,250,000
2009 $223,358,000
2010 $205,078,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Bermuda was 205,078,000 as of 2010. As the graph below shows, over the past 14 years this indicator reached a maximum value of 234,444,000 in 2006 and a minimum value of 142,035,000 in 1996.

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
1996 142,035,000
1997 147,994,000
1998 155,563,000
1999 173,688,000
2000 183,751,000
2001 184,618,000
2002 188,241,000
2003 196,994,000
2004 216,072,000
2005 231,305,000
2006 234,444,000
2007 233,942,000
2008 227,250,000
2009 223,358,000
2010 205,078,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Bermuda was 226,513,000 as of 2010. As the graph below shows, over the past 14 years this indicator reached a maximum value of 241,643,000 in 2008 and a minimum value of 174,700,200 in 1996.

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
1996 174,700,200
1997 176,856,700
1998 187,357,100
1999 204,869,500
2000 196,009,000
2001 207,908,000
2002 205,346,000
2003 214,527,000
2004 218,025,000
2005 221,739,000
2006 234,444,000
2007 240,983,000
2008 241,643,000
2009 230,130,000
2010 226,513,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts