St. Vincent and the Grenadines - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in St. Vincent and the Grenadines was 378,390,000 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 381,030,000 in 2019 and a minimum value of 14,700,000 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 current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1977 14,700,000
1978 17,960,000
1979 21,930,000
1980 24,500,000
1981 32,100,000
1982 40,700,000
1983 40,800,000
1984 48,910,000
1985 58,870,000
1986 65,700,000
1987 70,870,000
1988 84,680,000
1989 81,580,000
1990 88,200,000
1991 87,100,000
1992 90,390,000
1993 97,310,000
1994 97,700,000
1995 114,030,000
1996 121,090,000
1997 124,950,000
1998 131,300,000
1999 142,610,000
2000 143,070,000
2001 155,780,000
2002 169,400,000
2003 180,130,000
2004 190,240,000
2005 194,030,000
2006 237,100,000
2007 270,010,000
2008 308,020,000
2009 297,520,000
2010 284,360,000
2011 271,490,000
2012 279,340,000
2013 280,120,000
2014 298,720,000
2015 318,730,000
2016 344,910,000
2017 357,980,000
2018 369,250,000
2019 381,030,000
2020 378,390,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts