Panama - Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Panama was 1,174,100,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 1,778,600,000 in 2018 and a minimum value of 146,693,500 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
1970 269,303,000
1971 296,306,300
1972 303,604,500
1973 267,113,600
1974 202,889,500
1975 152,532,100
1976 158,370,600
1977 146,693,500
1978 193,401,900
1979 191,942,300
1980 204,349,200
1981 206,952,400
1982 209,927,400
1983 224,616,700
1984 251,392,300
1985 277,238,100
1986 356,634,900
1987 320,190,400
1988 159,165,500
1989 180,548,700
1990 268,870,700
1991 276,122,400
1992 312,380,900
1993 438,634,900
1994 455,927,400
1995 464,480,700
1996 473,008,800
1997 481,504,600
1998 546,266,700
1999 570,561,800
2000 505,278,100
2001 511,016,500
2002 564,301,700
2003 564,599,800
2004 596,869,000
2005 655,967,200
2006 703,737,600
2007 844,500,000
2008 957,700,000
2009 922,000,000
2010 1,091,200,000
2011 1,182,300,000
2012 1,297,100,000
2013 1,441,500,000
2014 1,535,300,000
2015 1,596,400,000
2016 1,692,300,000
2017 1,763,900,000
2018 1,778,600,000
2019 1,761,600,000
2020 1,174,100,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts