Net taxes on products (constant LCU)
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.
Description: The map below shows how Net taxes on products (constant LCU) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Vietnam, with a value of 350,706,000,000,000.00. The country with the lowest value in the world is Kuwait, with a value of -2,746,700,000.00.
Source: World Bank national accounts data, and OECD National Accounts data files.
Base Period: varies by country