Belize - Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Belize was 327,800,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 464,582,400 in 2015 and a minimum value of -26,357,100 in 1971.

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
1970 -23,273,600
1971 -26,357,100
1972 -13,148,600
1973 -11,549,500
1974 13,889,900
1975 12,561,500
1976 23,981,200
1977 -358,600
1978 10,863,300
1979 28,323,800
1980 40,202,880
1981 38,104,650
1982 39,499,200
1983 36,965,760
1984 38,365,380
1985 40,511,100
1986 46,870,730
1987 50,160,060
1988 64,544,710
1989 72,433,620
1990 85,650,460
1991 137,040,700
1992 153,484,300
1993 160,731,200
1994 155,585,500
1995 158,895,600
1996 159,228,400
1997 165,498,300
1998 177,454,200
1999 194,115,100
2000 208,575,400
2001 240,015,800
2002 262,360,000
2003 284,958,000
2004 288,982,300
2005 276,392,700
2006 296,971,900
2007 325,358,000
2008 325,425,900
2009 268,661,100
2010 299,038,300
2011 336,792,800
2012 361,283,500
2013 391,454,100
2014 431,317,500
2015 464,582,400
2016 420,269,200
2017 379,195,400
2018 386,660,500
2019 411,750,600
2020 327,800,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts