Angola - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Angola was $2,883,059,000 as of 2020. Over the past 18 years, the value for this indicator has fluctuated between $4,237,347,000 in 2019 and ($1,854,312,000) in 2013.

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 $123,454,500
2003 $50,612,350
2004 ($101,279,100)
2005 ($78,236,240)
2006 $113,552,500
2007 ($451,593,800)
2008 $1,731,362,000
2009 $1,637,501,000
2010 $910,236,500
2011 $558,975,300
2012 ($1,738,635,000)
2013 ($1,854,312,000)
2014 $776,054,800
2015 $2,168,667,000
2016 $2,477,407,000
2017 $3,102,952,000
2018 $2,066,785,000
2019 $4,237,347,000
2020 $2,883,059,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Angola was 1,667,150,000,000 as of 2020. As the graph below shows, over the past 18 years this indicator reached a maximum value of 1,667,150,000,000 in 2020 and a minimum value of -178,975,000,000 in 2013.

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 5,374,000,000
2003 3,776,000,000
2004 -8,461,000,000
2005 -6,819,000,000
2006 9,126,000,000
2007 -34,640,000,000
2008 129,910,000,000
2009 129,900,000,000
2010 83,655,920,000
2011 52,507,230,000
2012 -165,984,000,000
2013 -178,975,000,000
2014 76,288,050,000
2015 260,372,000,000
2016 405,443,000,000
2017 514,829,000,000
2018 522,598,000,000
2019 1,545,890,000,000
2020 1,667,150,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Angola was 78,309,000,000 as of 2020. As the graph below shows, over the past 18 years this indicator reached a maximum value of 78,309,000,000 in 2020 and a minimum value of -4,964,703,000 in 2016.

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 5,374,000,000
2003 9,601,000,000
2004 7,454,432,000
2005 7,583,878,000
2006 7,122,288,000
2007 6,849,770,000
2008 16,162,440,000
2009 18,074,720,000
2010 24,786,230,000
2011 26,504,120,000
2012 26,682,810,000
2013 28,106,670,000
2014 40,745,940,000
2015 16,623,500,000
2016 -4,964,703,000
2017 -4,724,833,000
2018 1,650,535,000
2019 69,262,000,000
2020 78,309,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts