Kuwait - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Kuwait was ($6,469,938,000) as of 2020. Over the past 25 years, the value for this indicator has fluctuated between $807,663,700 in 2008 and ($14,435,510,000) in 2012.

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
1995 ($324,396,800)
1996 ($401,469,600)
1997 ($721,727,700)
1998 ($988,517,100)
1999 ($1,188,239,000)
2000 $250,977,800
2001 $273,557,200
2002 $318,854,900
2003 $453,355,700
2004 $548,014,900
2005 $594,520,600
2006 $643,694,000
2007 $758,972,500
2008 $807,663,700
2009 $683,808,200
2010 ($9,490,230,000)
2011 ($12,095,650,000)
2012 ($14,435,510,000)
2013 ($13,293,720,000)
2014 ($14,357,340,000)
2015 ($9,621,136,000)
2016 ($6,944,389,000)
2017 ($7,299,006,000)
2018 ($8,446,815,000)
2019 ($9,250,514,000)
2020 ($6,469,938,000)

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Kuwait was -1,981,095,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 217,100,000 in 2008 and a minimum value of -4,086,100,000 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 current local currency.

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

Year Value
1995 -96,800,000
1996 -120,200,000
1997 -218,900,000
1998 -301,300,000
1999 -361,700,000
2000 77,000,000
2001 83,900,000
2002 96,900,000
2003 135,100,000
2004 161,500,000
2005 173,600,000
2006 186,800,000
2007 215,700,000
2008 217,100,000
2009 196,800,000
2010 -2,719,900,000
2011 -3,338,400,000
2012 -4,040,500,000
2013 -3,770,100,000
2014 -4,086,100,000
2015 -2,895,000,000
2016 -2,097,900,000
2017 -2,213,789,000
2018 -2,550,938,000
2019 -2,808,456,000
2020 -1,981,095,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Kuwait was -3,279,199,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of -2,719,900,000 in 2010 and a minimum value of -3,838,700,000 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
2010 -2,719,900,000
2011 -3,242,200,000
2012 -3,818,700,000
2013 -3,642,200,000
2014 -3,838,700,000
2015 -3,216,600,000
2016 -3,321,600,000
2017 -3,486,100,000
2018 -3,540,704,000
2019 -3,597,827,000
2020 -3,279,199,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts