Faroe Islands - Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Faroe Islands was $358,787,900 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $358,787,900 in 2019 and $141,703,100 in 2000.

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
1998 $148,549,400
1999 $151,214,100
2000 $141,703,100
2001 $145,047,300
2002 $167,783,500
2003 $209,572,400
2004 $230,308,300
2005 $239,457,100
2006 $281,428,700
2007 $344,545,100
2008 $348,973,200
2009 $296,330,800
2010 $296,509,700
2011 $307,746,800
2012 $295,036,700
2013 $299,343,000
2014 $329,051,200
2015 $280,667,100
2016 $302,063,400
2017 $323,978,800
2018 $356,792,200
2019 $358,787,900

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts