Nigeria - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Nigeria was $6,896,054,000 as of 2014. Over the past 33 years, the value for this indicator has fluctuated between $6,896,054,000 in 2014 and $692,540,600 in 1993.

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
1981 $4,854,935,000
1982 $4,396,245,000
1983 $2,969,976,000
1984 $2,084,098,000
1985 $2,211,806,000
1986 $1,593,698,000
1987 $1,440,278,000
1988 $1,393,083,000
1989 $1,236,098,000
1990 $1,529,417,000
1991 $1,409,391,000
1992 $1,204,419,000
1993 $692,540,600
1994 $874,020,500
1995 $1,070,956,000
1996 $1,203,962,000
1997 $1,289,775,000
1998 $1,226,990,000
1999 $1,280,359,000
2000 $1,329,482,000
2001 $1,658,171,000
2002 $1,789,892,000
2003 $1,978,103,000
2004 $1,975,613,000
2005 $1,242,321,000
2006 $1,126,934,000
2007 $2,254,173,000
2008 $3,111,998,000
2009 $2,967,177,000
2010 $5,702,578,000
2011 $4,736,724,000
2012 $5,623,506,000
2013 $5,831,741,000
2014 $6,896,054,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Nigeria was 1,093,370,000,000 as of 2014. As the graph below shows, over the past 33 years this indicator reached a maximum value of 1,093,370,000,000 in 2014 and a minimum value of 4,112,130,000 in 1981.

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
1981 4,112,130,000
1982 4,589,680,000
1983 4,855,910,000
1984 4,703,810,000
1985 5,633,470,000
1986 5,761,220,000
1987 6,690,090,000
1988 8,855,830,000
1989 11,653,930,000
1990 14,000,280,000
1991 16,931,020,000
1992 22,831,670,000
1993 31,372,090,000
1994 45,693,790,000
1995 75,352,460,000
1996 96,316,980,000
1997 104,652,000,000
1998 107,975,000,000
1999 118,226,000,000
2000 135,205,000,000
2001 184,440,000,000
2002 215,822,000,000
2003 255,615,000,000
2004 262,535,000,000
2005 163,085,000,000
2006 144,982,000,000
2007 283,593,000,000
2008 368,915,000,000
2009 441,818,000,000
2010 857,086,000,000
2011 732,962,000,000
2012 885,695,000,000
2013 917,401,000,000
2014 1,093,370,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Nigeria was 824,673,000,000 as of 2014. As the graph below shows, over the past 33 years this indicator reached a maximum value of 3,321,920,000,000 in 1985 and a minimum value of -3,615,100,000,000 in 2003.

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
1981 3,152,140,000,000
1982 3,286,960,000,000
1983 3,320,150,000,000
1984 3,167,580,000,000
1985 3,321,920,000,000
1986 1,909,460,000,000
1987 659,843,000,000
1988 728,449,000,000
1989 644,443,000,000
1990 696,874,000,000
1991 718,341,000,000
1992 480,774,000,000
1993 600,569,000,000
1994 699,764,000,000
1995 358,949,000,000
1996 462,224,000,000
1997 472,908,000,000
1998 452,611,000,000
1999 463,764,000,000
2000 468,864,000,000
2001 -172,234,000,000
2002 -3,299,600,000,000
2003 -3,615,100,000,000
2004 693,218,000,000
2005 -88,379,170,000
2006 514,105,000,000
2007 661,475,000,000
2008 793,440,000,000
2009 840,424,000,000
2010 857,086,000,000
2011 669,310,000,000
2012 740,157,000,000
2013 724,124,000,000
2014 824,673,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts