Namibia NA: GDP: Net Taxes on Product

Namibia NA: GDP: Net Taxes on Product data was reported at 12,956.265 NAD mn in 2017. This records an increase from the previous number of 12,774.642 NAD mn for 2016. Namibia NA: GDP: Net Taxes on Product data is updated yearly, averaging 2,195.228 NAD mn from Dec 1980 to 2017, with 38 observations. The data reached an all-time high of 12,956.265 NAD mn in 2017 and a record low of 81.057 NAD mn in 1981. Namibia NA: 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 Namibia – Table NA.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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