Belize - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Belize was 383,283,500 as of 2020. As the graph below shows, over the past 42 years this indicator reached a maximum value of 667,826,500 in 2019 and a minimum value of 20,700,000 in 1978.

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
1978 20,700,000
1979 26,700,000
1980 39,638,210
1981 36,801,380
1982 35,485,480
1983 35,780,150
1984 40,640,060
1985 42,138,410
1986 50,802,300
1987 59,576,800
1988 79,518,620
1989 91,062,940
1990 107,865,200
1991 117,901,000
1992 131,844,000
1993 144,454,900
1994 157,331,600
1995 163,525,300
1996 177,357,900
1997 185,102,500
1998 202,379,500
1999 187,625,900
2000 208,575,400
2001 236,909,200
2002 263,656,900
2003 272,376,300
2004 288,974,700
2005 301,186,700
2006 334,413,600
2007 358,779,600
2008 362,431,400
2009 330,188,700
2010 365,124,200
2011 381,846,800
2012 407,516,700
2013 445,214,900
2014 479,126,500
2015 555,251,600
2016 600,621,000
2017 617,715,800
2018 642,586,200
2019 667,826,500
2020 383,283,500

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts