Barbados - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Barbados was 1,596,171,000 as of 2019. As the graph below shows, over the past 44 years this indicator reached a maximum value of 1,635,500,000 in 2017 and a minimum value of 85,442,000 in 1976.

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
1975 111,798,000
1976 85,442,000
1977 103,511,000
1978 127,615,000
1979 152,200,000
1980 194,700,000
1981 198,400,000
1982 205,800,000
1983 213,700,000
1984 228,200,000
1985 229,300,000
1986 348,700,000
1987 414,800,000
1988 431,600,000
1989 517,500,000
1990 431,500,000
1991 434,000,000
1992 444,000,000
1993 507,000,000
1994 515,400,000
1995 587,800,000
1996 603,600,000
1997 689,300,000
1998 901,800,000
1999 935,100,000
2000 933,100,000
2001 986,900,000
2002 949,600,000
2003 1,026,600,000
2004 1,120,000,000
2005 1,241,200,000
2006 1,245,533,000
2007 1,245,533,000
2008 1,281,849,000
2009 1,158,900,000
2010 1,186,847,000
2011 1,359,122,000
2012 1,244,828,000
2013 1,295,264,000
2014 1,232,300,000
2015 1,330,230,000
2016 1,476,280,000
2017 1,635,500,000
2018 1,633,780,000
2019 1,596,171,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts