Bhutan - Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Bhutan was 1,697,760,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 3,992,850,000 in 2018 and a minimum value of 119,387,700 in 1980.

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
1980 119,387,700
1981 127,257,900
1982 127,498,000
1983 169,205,000
1984 199,545,200
1985 164,624,800
1986 152,415,800
1987 244,680,500
1988 237,726,100
1989 190,439,300
1990 311,627,900
1991 331,250,000
1992 325,925,900
1993 313,559,300
1994 548,437,500
1995 511,428,600
1996 478,666,700
1997 617,073,200
1998 606,666,700
1999 646,875,000
2000 423,850,000
2001 456,140,500
2002 733,967,400
2003 787,158,100
2004 1,009,806,000
2005 1,038,921,000
2006 1,014,170,000
2007 1,059,247,000
2008 1,128,355,000
2009 1,121,111,000
2010 1,760,000,000
2011 2,112,660,000
2012 2,903,000,000
2013 2,655,000,000
2014 3,024,000,000
2015 2,570,565,000
2016 2,955,969,000
2017 3,269,583,000
2018 3,992,850,000
2019 3,360,870,000
2020 1,697,760,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts