Romania - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Romania was $22,132,890,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $23,931,480,000 in 2019 and $475,000,000 in 1992.

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
1990 $3,172,727,000
1991 $1,811,842,000
1992 $475,000,000
1993 $1,916,447,000
1994 $2,307,251,000
1995 $1,938,023,000
1996 $1,782,355,000
1997 $2,301,200,000
1998 $4,093,285,000
1999 $3,724,385,000
2000 $3,614,215,000
2001 $3,747,359,000
2002 $4,458,418,000
2003 $6,231,295,000
2004 $7,721,145,000
2005 $11,144,280,000
2006 $13,358,350,000
2007 $18,977,120,000
2008 $22,067,490,000
2009 $15,807,200,000
2010 $17,890,490,000
2011 $22,161,650,000
2012 $20,799,200,000
2013 $22,520,120,000
2014 $23,099,880,000
2015 $21,631,250,000
2016 $19,403,450,000
2017 $20,050,610,000
2018 $23,246,800,000
2019 $23,931,480,000
2020 $22,132,890,000

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Romania was 93,932,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 101,419,000,000 in 2019 and a minimum value of 6,980,000 in 1990.

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
1990 6,980,000
1991 13,770,000
1992 11,400,000
1993 145,650,000
1994 381,850,000
1995 394,000,000
1996 549,500,000
1997 1,649,500,000
1998 3,633,200,000
1999 5,710,600,000
2000 7,846,100,000
2001 10,890,200,000
2002 14,737,300,000
2003 20,687,900,000
2004 25,199,500,000
2005 32,471,100,000
2006 37,523,600,000
2007 46,271,900,000
2008 55,585,800,000
2009 48,200,900,000
2010 56,854,200,000
2011 67,562,000,000
2012 72,135,800,000
2013 74,944,700,000
2014 77,366,100,000
2015 86,648,300,000
2016 78,762,500,000
2017 81,255,100,000
2018 91,629,600,000
2019 101,419,000,000
2020 93,932,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Romania was 50,675,400,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 55,506,800,000 in 2019 and a minimum value of 12,960,900,000 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 12,960,900,000
1996 14,234,000,000
1997 17,508,200,000
1998 25,771,300,000
1999 23,411,400,000
2000 23,395,400,000
2001 23,431,800,000
2002 26,251,100,000
2003 27,017,700,000
2004 29,430,300,000
2005 32,471,100,000
2006 33,892,700,000
2007 36,934,600,000
2008 39,813,500,000
2009 33,886,400,000
2010 36,884,400,000
2011 39,190,700,000
2012 39,688,800,000
2013 39,371,400,000
2014 40,842,600,000
2015 43,654,500,000
2016 45,036,200,000
2017 47,941,000,000
2018 52,579,500,000
2019 55,506,800,000
2020 50,675,400,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts