Equatorial Guinea - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Equatorial Guinea was 68,618,000,000 as of 2020. As the graph below shows, over the past 15 years this indicator reached a maximum value of 98,886,000,000 in 2016 and a minimum value of -33,482,000,000 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
2005 33,441,140,000
2006 18,523,000,000
2007 26,113,000,000
2008 -6,948,000,000
2009 53,902,000,000
2010 27,614,000,000
2011 -25,405,000,000
2012 -33,482,000,000
2013 12,535,000,000
2014 69,449,000,000
2015 97,722,580,000
2016 98,886,000,000
2017 80,444,000,000
2018 68,925,000,000
2019 79,059,000,000
2020 68,618,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts