Iceland - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Iceland was $1,468,444,000 as of 2009. Over the past 36 years, the value for this indicator has fluctuated between $3,438,471,000 in 2007 and $162,044,300 in 1973.

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
1973 $162,044,300
1974 $233,159,600
1975 $222,562,400
1976 $280,356,900
1977 $385,430,200
1978 $442,041,200
1979 $490,250,200
1980 $580,721,700
1981 $613,696,300
1982 $572,306,400
1983 $468,840,300
1984 $449,873,700
1985 $458,819,700
1986 $626,370,200
1987 $734,695,200
1988 $841,382,700
1989 $779,511,600
1990 $907,307,800
1991 $1,032,354,000
1992 $1,027,036,000
1993 $905,134,300
1994 $882,355,600
1995 $1,000,486,000
1996 $1,109,568,000
1997 $1,172,190,000
1998 $1,312,919,000
1999 $1,478,881,000
2000 $1,427,161,000
2001 $1,121,926,000
2002 $1,255,166,000
2003 $1,631,306,000
2004 $2,123,665,000
2005 $2,783,566,000
2006 $2,940,596,000
2007 $3,438,471,000
2008 $2,319,567,000
2009 $1,468,444,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Iceland was 181,556,000,000 as of 2009. As the graph below shows, over the past 36 years this indicator reached a maximum value of 220,251,000,000 in 2007 and a minimum value of 146,050,500 in 1973.

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
1973 146,050,500
1974 233,043,100
1975 342,078,400
1976 510,726,100
1977 766,505,100
1978 1,198,418,000
1979 1,728,622,000
1980 2,786,071,000
1981 4,433,465,000
1982 7,068,843,000
1983 11,647,310,000
1984 14,258,160,000
1985 19,044,550,000
1986 25,746,440,000
1987 28,415,950,000
1988 36,191,240,000
1989 44,464,750,000
1990 52,881,350,000
1991 60,905,080,000
1992 59,101,690,000
1993 61,189,970,000
1994 61,715,830,000
1995 64,723,120,000
1996 73,786,290,000
1997 83,113,300,000
1998 93,162,460,000
1999 106,975,000,000
2000 112,198,000,000
2001 109,303,000,000
2002 115,051,000,000
2003 125,136,000,000
2004 149,064,000,000
2005 175,314,000,000
2006 206,371,000,000
2007 220,251,000,000
2008 204,001,000,000
2009 181,556,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts