Nigeria - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Nigeria was $1,723,694,000 as of 2007. Over the past 5 years, the value for this indicator has fluctuated between $1,978,103,000 in 2003 and $1,126,934,000 in 2006.

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
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 $1,723,694,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Nigeria was 216,855,000,000 as of 2007. As the graph below shows, over the past 5 years this indicator reached a maximum value of 262,535,000,000 in 2004 and a minimum value of 144,982,000,000 in 2006.

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
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 216,855,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Nigeria was 300,779,000,000 as of 2007. As the graph below shows, over the past 5 years this indicator reached a maximum value of 300,779,000,000 in 2007 and a minimum value of 200,999,000,000 in 2005.

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
2002 215,822,000,000
2003 244,964,000,000
2004 278,548,000,000
2005 200,999,000,000
2006 228,700,000,000
2007 300,779,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts