Maldives - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Maldives was $352,300,500 as of 2020. Over the past 17 years, the value for this indicator has fluctuated between $735,696,100 in 2019 and $97,089,440 in 2003.

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 U.S. dollars.

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

See also:

Year Value
2003 $97,089,440
2004 $126,622,800
2005 $127,563,200
2006 $172,972,600
2007 $204,956,200
2008 $215,354,500
2009 $164,963,900
2010 $187,387,000
2011 $262,913,500
2012 $275,386,100
2013 $360,867,600
2014 $402,043,000
2015 $469,384,700
2016 $580,055,100
2017 $665,178,200
2018 $723,948,500
2019 $735,696,100
2020 $352,300,500

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Maldives was 5,418,840,000 as of 2020. As the graph below shows, over the past 17 years this indicator reached a maximum value of 11,316,480,000 in 2019 and a minimum value of 1,242,745,000 in 2003.

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
2003 1,242,745,000
2004 1,620,772,000
2005 1,632,809,000
2006 2,214,049,000
2007 2,623,439,000
2008 2,756,538,000
2009 2,111,537,000
2010 2,398,553,000
2011 3,839,063,000
2012 4,231,253,000
2013 5,545,345,000
2014 6,183,582,000
2015 7,212,706,000
2016 8,914,519,000
2017 10,235,100,000
2018 11,142,150,000
2019 11,316,480,000
2020 5,418,840,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Maldives was 3,651,677,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 7,774,734,000 in 2019 and a minimum value of 1,982,829,000 in 1995.

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
1995 1,982,829,000
1996 2,235,447,000
1997 2,464,520,000
1998 2,609,151,000
1999 2,811,415,000
2000 2,930,296,000
2001 2,899,619,000
2002 3,053,486,000
2003 3,315,323,000
2004 3,635,872,000
2005 2,657,071,000
2006 3,793,000,000
2007 4,113,717,000
2008 4,536,863,000
2009 3,721,097,000
2010 4,295,580,000
2011 5,206,609,000
2012 5,320,949,000
2013 5,747,231,000
2014 6,183,582,000
2015 5,952,623,000
2016 6,177,359,000
2017 6,709,941,000
2018 7,273,370,000
2019 7,774,734,000
2020 3,651,677,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts