Grenada - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Grenada was $114,492,600 as of 2011. Over the past 34 years, the value for this indicator has fluctuated between $116,022,200 in 2008 and $8,592,592 in 1977.

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
1977 $8,592,592
1978 $11,518,520
1979 $13,555,560
1980 $12,740,740
1981 $13,296,300
1982 $15,851,850
1983 $17,925,930
1984 $19,074,070
1985 $24,074,070
1986 $25,333,330
1987 $31,703,700
1988 $36,481,480
1989 $42,592,590
1990 $44,111,110
1991 $45,703,700
1992 $44,629,630
1993 $41,703,700
1994 $41,555,560
1995 $42,851,850
1996 $48,948,150
1997 $53,333,330
1998 $55,562,960
1999 $69,003,700
2000 $74,614,820
2001 $70,085,180
2002 $74,411,110
2003 $86,611,110
2004 $81,514,820
2005 $100,303,700
2006 $104,196,300
2007 $110,725,900
2008 $116,022,200
2009 $101,429,600
2010 $110,855,600
2011 $114,492,600

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Grenada was 309,130,000 as of 2011. As the graph below shows, over the past 34 years this indicator reached a maximum value of 313,260,000 in 2008 and a minimum value of 23,200,000 in 1977.

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
1977 23,200,000
1978 31,100,000
1979 36,600,000
1980 34,400,000
1981 35,900,000
1982 42,800,000
1983 48,400,000
1984 51,500,000
1985 65,000,000
1986 68,400,000
1987 85,600,000
1988 98,500,000
1989 115,000,000
1990 119,100,000
1991 123,400,000
1992 120,500,000
1993 112,600,000
1994 112,200,000
1995 115,700,000
1996 132,160,000
1997 144,000,000
1998 150,020,000
1999 186,310,000
2000 201,460,000
2001 189,230,000
2002 200,910,000
2003 233,850,000
2004 220,090,000
2005 270,820,000
2006 281,330,000
2007 298,960,000
2008 313,260,000
2009 273,860,000
2010 299,310,000
2011 309,130,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Grenada was 269,331,700 as of 2011. As the graph below shows, over the past 34 years this indicator reached a maximum value of 292,183,000 in 2007 and a minimum value of 78,355,090 in 1977.

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
1977 78,355,090
1978 87,406,210
1979 94,066,470
1980 82,438,180
1981 82,546,860
1982 95,292,950
1983 104,359,600
1984 106,967,800
1985 125,302,900
1986 127,072,800
1987 152,223,400
1988 164,177,700
1989 176,085,500
1990 184,903,700
1991 179,345,700
1992 168,105,600
1993 152,673,600
1994 152,456,300
1995 151,618,000
1996 167,593,200
1997 178,693,700
1998 183,252,100
1999 226,127,000
2000 225,819,200
2001 207,657,900
2002 219,657,900
2003 255,868,900
2004 236,019,400
2005 283,433,700
2006 281,330,000
2007 292,183,000
2008 283,881,900
2009 248,753,900
2010 268,953,900
2011 269,331,700

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts