Philippines - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Philippines was $13,314,750,000 as of 2011. Over the past 32 years, the value for this indicator has fluctuated between $13,314,750,000 in 2011 and $2,188,938,000 in 1986.

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
1979 $2,613,876,000
1980 $3,014,205,000
1981 $2,929,370,000
1982 $2,741,803,000
1983 $2,671,534,000
1984 $2,248,677,000
1985 $2,238,686,000
1986 $2,188,938,000
1987 $3,028,442,000
1988 $2,887,506,000
1989 $3,647,981,000
1990 $3,664,466,000
1991 $4,121,602,000
1992 $5,273,769,000
1993 $5,502,464,000
1994 $6,526,022,000
1995 $7,613,310,000
1996 $8,608,473,000
1997 $8,214,781,000
1998 $5,573,887,000
1999 $6,162,833,000
2000 $5,619,456,000
2001 $5,114,973,000
2002 $5,301,029,000
2003 $5,353,752,000
2004 $5,576,544,000
2005 $6,717,264,000
2006 $9,140,844,000
2007 $10,373,040,000
2008 $12,272,890,000
2009 $11,091,020,000
2010 $12,933,210,000
2011 $13,314,750,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Philippines was 576,703,000,000 as of 2011. As the graph below shows, over the past 32 years this indicator reached a maximum value of 583,417,000,000 in 2010 and a minimum value of 19,284,000,000 in 1979.

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
1979 19,284,000,000
1980 22,641,000,000
1981 23,141,000,000
1982 23,415,000,000
1983 29,688,000,000
1984 37,550,000,000
1985 41,656,000,000
1986 44,623,000,000
1987 62,288,000,000
1988 60,911,000,000
1989 79,295,000,000
1990 89,085,000,000
1991 113,256,000,000
1992 134,547,000,000
1993 149,226,000,000
1994 172,399,000,000
1995 195,772,000,000
1996 225,677,000,000
1997 242,095,000,000
1998 227,933,000,000
1999 240,899,000,000
2000 248,335,000,000
2001 260,826,000,000
2002 273,552,000,000
2003 290,191,000,000
2004 312,509,000,000
2005 370,044,000,000
2006 469,056,000,000
2007 478,699,000,000
2008 545,832,000,000
2009 528,820,000,000
2010 583,417,000,000
2011 576,703,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Philippines was 0.00 as of 1978. As the graph below shows, over the past 18 years this indicator reached a maximum value of 0.00 in 1978 and a minimum value of 0.00 in 1960.

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
1960 0.00
1961 0.00
1962 0.00
1963 0.00
1964 0.00
1965 0.00
1966 0.00
1967 0.00
1968 0.00
1969 0.00
1970 0.00
1971 0.00
1972 0.00
1973 0.00
1974 0.00
1975 0.00
1976 0.00
1977 0.00
1978 0.00

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts