Guinea - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Guinea was 12,159,600,000,000 as of 2020. As the graph below shows, over the past 34 years this indicator reached a maximum value of 12,159,600,000,000 in 2020 and a minimum value of -67,479,370,000 in 1990.

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
1986 4,000,000,000
1987 -54,874,500,000
1988 9,300,000,000
1989 29,800,000,000
1990 -67,479,370,000
1991 70,550,000,000
1992 89,930,000,000
1993 103,990,000,000
1994 111,600,000,000
1995 136,900,000,000
1996 133,900,000,000
1997 181,080,000,000
1998 190,270,000,000
1999 207,300,000,000
2000 325,880,000,000
2001 353,430,000,000
2002 444,810,000,000
2003 474,566,000,000
2004 565,496,000,000
2005 831,676,000,000
2006 1,137,150,000,000
2007 1,806,280,000,000
2008 2,363,040,000,000
2009 2,280,090,000,000
2010 2,667,380,000,000
2011 3,360,770,000,000
2012 4,998,870,000,000
2013 5,374,800,000,000
2014 5,805,510,000,000
2015 6,379,430,000,000
2016 7,999,330,000,000
2017 9,267,060,000,000
2018 9,236,830,000,000
2019 11,085,400,000,000
2020 12,159,600,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts