Marshall Islands MH: GDP: Net Taxes on Product

Marshall Islands MH: GDP: Net Taxes on Product data was reported at 6.687 USD mn in 2016. This records an increase from the previous number of 6.343 USD mn for 2015. Marshall Islands MH: GDP: Net Taxes on Product data is updated yearly, averaging 10.365 USD mn from Sep 2004 to 2016, with 13 observations. The data reached an all-time high of 13.834 USD mn in 2005 and a record low of 6.343 USD mn in 2015. Marshall Islands MH: GDP: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Marshall Islands – Table MH.World Bank: Gross Domestic Product: Nominal. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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