Isle of Man - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Isle of Man was $26,222,870 as of 2019. Over the past 7 years, the value for this indicator has fluctuated between $26,222,870 in 2019 and $2,064,771 in 2012.

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
2012 $2,064,771
2013 $3,124,902
2014 $9,466,842
2015 $12,901,450
2016 $18,460,710
2017 $19,052,770
2018 $20,117,410
2019 $26,222,870

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Isle of Man was 20,543,000 as of 2019. As the graph below shows, over the past 7 years this indicator reached a maximum value of 20,543,000 in 2019 and a minimum value of 1,307,000 in 2012.

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
2012 1,307,000
2013 1,999,000
2014 5,753,000
2015 8,444,000
2016 13,672,000
2017 14,804,000
2018 15,078,000
2019 20,543,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Isle of Man was 19,073,000 as of 2019. As the graph below shows, over the past 7 years this indicator reached a maximum value of 19,073,000 in 2019 and a minimum value of 1,125,000 in 2012.

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
2012 1,125,000
2013 1,793,000
2014 5,537,000
2015 8,444,000
2016 13,373,000
2017 14,173,000
2018 14,251,000
2019 19,073,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts