Cuba - Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Cuba was 418,200,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 698,000,000 in 2008 and a minimum value of 197,378,600 in 1970.

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 197,378,600
1971 214,351,600
1972 224,719,500
1973 232,403,200
1974 234,521,900
1975 256,949,300
1976 271,082,700
1977 294,656,300
1978 313,660,900
1979 315,935,900
1980 303,135,300
1981 362,880,100
1982 393,597,900
1983 411,736,400
1984 437,821,400
1985 475,759,500
1986 457,677,700
1987 435,156,000
1988 439,842,100
1989 419,693,900
1990 382,165,600
1991 359,376,400
1992 341,116,700
1993 281,898,600
1994 304,743,000
1995 322,544,300
1996 339,800,000
1997 336,400,000
1998 337,200,000
1999 333,800,000
2000 344,600,000
2001 335,300,000
2002 338,600,000
2003 377,500,000
2004 452,200,000
2005 528,600,000
2006 657,000,000
2007 651,700,000
2008 698,000,000
2009 443,000,000
2010 462,000,000
2011 609,000,000
2012 596,000,000
2013 645,000,000
2014 575,000,000
2015 654,000,000
2016 535,000,000
2017 449,000,000
2018 469,000,000
2019 441,000,000
2020 418,200,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts