St. Vincent and the Grenadines - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in St. Vincent and the Grenadines was $107,434,500 as of 2011. Over the past 34 years, the value for this indicator has fluctuated between $113,663,000 in 2008 and $5,444,445 in 1977.

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
1977 $5,444,445
1978 $6,651,852
1979 $8,122,222
1980 $8,948,148
1981 $10,433,330
1982 $13,633,330
1983 $15,644,440
1984 $16,544,440
1985 $19,362,960
1986 $21,825,930
1987 $24,318,520
1988 $29,225,930
1989 $29,248,150
1990 $30,437,040
1991 $32,848,140
1992 $34,148,150
1993 $35,966,650
1994 $38,548,150
1995 $42,925,940
1996 $46,318,500
1997 $46,185,180
1998 $49,503,680
1999 $53,962,960
2000 $52,870,370
2001 $57,807,410
2002 $62,562,960
2003 $66,581,480
2004 $70,148,140
2005 $71,577,780
2006 $87,637,030
2007 $99,603,700
2008 $113,663,000
2009 $109,751,800
2010 $104,748,200
2011 $107,434,500

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in St. Vincent and the Grenadines was 290,073,100 as of 2011. As the graph below shows, over the past 34 years this indicator reached a maximum value of 306,890,000 in 2008 and a minimum value of 14,700,000 in 1977.

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
1977 14,700,000
1978 17,960,000
1979 21,930,000
1980 24,160,000
1981 28,170,000
1982 36,810,000
1983 42,240,000
1984 44,670,000
1985 52,280,000
1986 58,930,000
1987 65,660,000
1988 78,910,000
1989 78,970,000
1990 82,180,000
1991 88,689,980
1992 92,200,000
1993 97,109,950
1994 104,080,000
1995 115,900,000
1996 125,060,000
1997 124,700,000
1998 133,659,900
1999 145,700,000
2000 142,750,000
2001 156,080,000
2002 168,920,000
2003 179,770,000
2004 189,400,000
2005 193,260,000
2006 236,620,000
2007 268,930,000
2008 306,890,000
2009 296,330,000
2010 282,820,000
2011 290,073,100

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in St. Vincent and the Grenadines was 257,195,600 as of 2011. As the graph below shows, over the past 34 years this indicator reached a maximum value of 281,042,600 in 2008 and a minimum value of 48,535,540 in 1977.

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
1977 48,535,540
1978 52,022,660
1979 56,129,710
1980 57,020,860
1981 56,891,710
1982 68,205,470
1983 74,236,900
1984 75,541,340
1985 86,015,610
1986 91,220,460
1987 95,534,160
1988 108,552,700
1989 108,359,000
1990 104,923,600
1991 106,395,900
1992 105,608,100
1993 111,200,400
1994 107,810,600
1995 53,598,320
1996 55,471,030
1997 132,497,600
1998 135,326,100
1999 147,285,600
2000 164,325,300
2001 168,438,300
2002 180,462,800
2003 198,160,400
2004 200,748,300
2005 198,893,200
2006 236,620,400
2007 248,567,800
2008 281,042,600
2009 276,014,300
2010 255,331,900
2011 257,195,600

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts