Jamaica - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Jamaica was 324,414,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 395,919,000,000 in 2019 and a minimum value of 39,300,000 in 1960.

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
1960 39,300,000
1961 42,600,000
1962 43,500,000
1963 45,400,000
1964 57,100,000
1965 60,900,000
1966 66,800,000
1967 87,600,000
1968 83,400,000
1969 87,400,000
1970 97,800,000
1971 113,700,000
1972 125,400,000
1973 146,300,000
1974 179,600,000
1975 238,700,000
1976 236,700,000
1977 215,700,000
1978 271,900,000
1979 358,100,000
1980 468,700,000
1981 622,000,000
1982 732,200,000
1983 794,500,000
1984 1,114,200,000
1985 1,555,900,000
1986 2,041,600,000
1987 2,529,600,000
1988 2,775,300,000
1989 3,277,800,000
1990 3,879,300,000
1991 5,140,400,000
1992 10,070,900,000
1993 14,670,000,000
1994 18,393,000,000
1995 25,871,000,000
1996 29,271,000,000
1997 30,244,000,000
1998 35,433,000,000
1999 39,600,000,000
2000 44,109,000,000
2001 49,042,000,000
2002 53,518,000,000
2003 66,976,000,000
2004 79,395,000,000
2005 88,581,000,000
2006 101,696,000,000
2007 118,381,000,000
2008 130,824,000,000
2009 136,525,000,000
2010 162,648,000,000
2011 172,790,000,000
2012 189,725,000,000
2013 217,382,000,000
2014 236,156,000,000
2015 265,777,000,000
2016 295,876,000,000
2017 346,386,000,000
2018 371,084,000,000
2019 395,919,000,000
2020 324,414,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts