Grenada - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Grenada was $166,412,300 as of 2016. Over the past 39 years, the value for this indicator has fluctuated between $166,412,300 in 2016 and $8,592,593 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 U.S. dollars.

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

See also:

Year Value
1977 $8,592,593
1978 $11,518,520
1979 $13,555,560
1980 $12,740,740
1981 $13,296,300
1982 $15,851,850
1983 $17,925,930
1984 $19,074,070
1985 $24,074,070
1986 $25,333,330
1987 $31,703,700
1988 $36,481,480
1989 $42,592,590
1990 $44,111,110
1991 $45,703,700
1992 $44,629,630
1993 $41,481,480
1994 $42,762,960
1995 $44,022,220
1996 $52,496,300
1997 $58,911,110
1998 $65,359,260
1999 $69,266,660
2000 $71,403,700
2001 $67,251,850
2002 $70,348,150
2003 $81,229,630
2004 $78,370,590
2005 $95,158,450
2006 $98,062,740
2007 $105,493,600
2008 $109,629,600
2009 $95,371,780
2010 $105,359,300
2011 $110,546,300
2012 $109,540,000
2013 $109,476,500
2014 $124,763,900
2015 $143,247,400
2016 $166,412,300

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Grenada was 449,313,200 as of 2016. As the graph below shows, over the past 39 years this indicator reached a maximum value of 449,313,200 in 2016 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 296,000,000
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 449,313,200

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Grenada was 357,279,500 as of 2016. As the graph below shows, over the past 39 years this indicator reached a maximum value of 357,279,500 in 2016 and a minimum value of 78,355,100 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 constant local currency.

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

Year Value
1977 78,355,100
1978 88,885,000
1979 95,423,000
1980 82,438,200
1981 83,567,300
1982 95,646,700
1983 106,674,700
1984 106,467,100
1985 123,566,300
1986 124,627,100
1987 148,455,200
1988 160,008,700
1989 171,393,000
1990 177,475,200
1991 172,384,900
1992 161,841,300
1993 147,644,300
1994 147,499,100
1995 147,344,000
1996 171,132,500
1997 188,676,800
1998 205,752,800
1999 215,635,100
2000 216,101,500
2001 199,263,700
2002 207,664,200
2003 239,970,800
2004 226,915,600
2005 268,894,400
2006 264,769,400
2007 278,375,900
2008 268,285,300
2009 233,376,700
2010 256,585,300
2011 268,617,200
2012 256,113,100
2013 248,711,800
2014 281,220,700
2015 314,225,400
2016 357,279,500

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts