Palau PW: GDP: Real: Net Taxes on Product

Palau PW: GDP: Real: Net Taxes on Product data was reported at 32.770 USD mn in 2017. This records a decrease from the previous number of 33.760 USD mn for 2016. Palau PW: GDP: Real: Net Taxes on Product data is updated yearly, averaging 30.328 USD mn from Sep 2000 to 2017, with 18 observations. The data reached an all-time high of 35.338 USD mn in 2005 and a record low of 24.186 USD mn in 2002. Palau PW: 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 Palau – Table PW.World Bank: Gross Domestic Product: Real. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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