Libya LY: GDP: Real: Net Taxes on Product

Libya LY: GDP: Real: Net Taxes on Product data was reported at -6,952.000 LYD mn in 2022. This records an increase from the previous number of -7,039.000 LYD mn for 2021. Libya LY: GDP: Real: Net Taxes on Product data is updated yearly, averaging -10,434.900 LYD mn from Dec 2006 to 2022, with 17 observations. The data reached an all-time high of -5,358.000 LYD mn in 2020 and a record low of -17,218.400 LYD mn in 2012. Libya LY: GDP: Real: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Real. Taxes less subsidies 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.;World Bank national accounts data, and OECD National Accounts data files.;;

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