Venezuela - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Venezuela was 330,641,000,000 as of 2014. As the graph below shows, over the past 46 years this indicator reached a maximum value of 330,641,000,000 in 2014 and a minimum value of 2,274,100 in 1968.

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
1968 2,274,100
1969 2,370,800
1970 2,757,900
1971 2,806,300
1972 2,612,800
1973 2,612,800
1974 3,290,100
1975 4,451,400
1976 4,548,100
1977 5,032,000
1978 4,451,400
1979 6,290,000
1980 7,741,500
1981 8,128,600
1982 9,386,600
1983 19,644,100
1984 18,176,100
1985 21,294,900
1986 5,687,100
1987 31,645,300
1988 18,329,000
1989 47,406,100
1990 32,236,600
1991 58,292,600
1992 86,919,700
1993 132,858,700
1994 353,680,300
1995 759,163,900
1996 1,678,280,000
1997 3,693,754,000
1998 4,334,274,000
1999 4,706,007,000
2000 5,241,597,000
2001 6,120,684,000
2002 6,735,602,000
2003 7,142,245,000
2004 16,785,690,000
2005 24,769,560,000
2006 31,774,880,000
2007 37,346,950,000
2008 43,574,400,000
2009 53,841,520,000
2010 73,052,140,000
2011 104,775,000,000
2012 135,905,000,000
2013 194,753,000,000
2014 330,641,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts