Georgia - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Georgia was $1,971,737,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $2,297,029,000 in 2018 and $39,574,570 in 1992.

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 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 $413,520,100
1991 $463,576,200
1992 $39,574,570
1996 $89,283,900
1997 $207,707,100
1998 $172,972,400
1999 $161,520,000
2000 $185,580,600
2001 $210,323,200
2002 $225,622,800
2003 $243,370,500
2004 $435,517,500
2005 $737,298,000
2006 $978,993,500
2007 $1,426,339,000
2008 $1,712,503,000
2009 $1,460,401,000
2010 $1,422,432,000
2011 $1,693,744,000
2012 $1,802,035,000
2013 $1,836,479,000
2014 $1,961,149,000
2015 $1,647,116,000
2016 $1,808,510,000
2017 $2,157,402,000
2018 $2,297,029,000
2019 $2,169,860,000
2020 $1,971,737,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Georgia was 6,130,131,000.00 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 6,130,131,000.00 in 2020 and a minimum value of 800.00 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 current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1980 800.00
1981 800.00
1982 900.00
1983 900.00
1984 900.00
1985 900.00
1986 900.00
1987 1,000.00
1988 1,000.00
1989 1,100.00
1990 800.00
1991 1,400.00
1992 1,600.00
1996 111,600,000.00
1997 269,500,000.00
1998 240,400,000.00
1999 327,000,000.00
2000 366,800,000.00
2001 436,000,000.00
2002 495,400,000.00
2003 522,200,000.00
2004 834,800,000.00
2005 1,336,500,000.00
2006 1,743,000,000.00
2007 2,382,700,000.00
2008 2,553,000,000.00
2009 2,439,600,000.00
2010 2,535,200,000.00
2011 2,856,500,000.00
2012 2,975,700,000.00
2013 3,054,800,000.00
2014 3,462,800,000.00
2015 3,737,800,000.00
2016 4,280,200,000.00
2017 5,414,000,000.00
2018 5,820,900,000.00
2019 6,114,884,000.00
2020 6,130,131,000.00

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Georgia was 3,994,939,000 as of 2020. As the graph below shows, over the past 17 years this indicator reached a maximum value of 4,350,488,000 in 2019 and a minimum value of 2,287,512,000 in 2003.

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
2003 2,287,512,000
2004 2,487,844,000
2005 2,513,933,000
2006 2,709,490,000
2007 3,184,696,000
2008 3,197,624,000
2009 3,131,701,000
2010 2,952,800,000
2011 3,249,700,000
2012 3,504,100,000
2013 3,508,800,000
2014 3,714,900,000
2015 3,737,900,000
2016 3,783,100,000
2017 3,997,890,000
2018 4,186,788,000
2019 4,350,488,000
2020 3,994,939,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts