Grenada - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Grenada was 452,439,400 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 527,326,100 in 2019 and a minimum value of 23,200,000 in 1977.

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
1977 23,200,000
1978 31,100,000
1979 36,600,000
1980 34,400,000
1981 35,900,000
1982 42,800,000
1983 48,400,000
1984 51,500,000
1985 65,000,000
1986 68,400,000
1987 85,600,000
1988 98,500,000
1989 115,000,000
1990 119,100,000
1991 123,400,000
1992 120,500,000
1993 112,000,000
1994 115,460,000
1995 118,860,000
1996 141,740,000
1997 159,060,000
1998 176,470,000
1999 187,020,000
2000 192,790,000
2001 181,580,000
2002 189,940,000
2003 219,320,000
2004 211,600,600
2005 256,927,800
2006 264,769,400
2007 284,832,700
2008 296,049,400
2009 257,503,800
2010 284,470,000
2011 298,474,900
2012 295,758,100
2013 295,586,500
2014 336,862,500
2015 386,767,900
2016 449,310,000
2017 486,941,600
2018 520,895,600
2019 527,326,100
2020 452,439,400

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts