Papua New Guinea PG: GDP: Net Taxes on Product

Papua New Guinea PG: GDP: Net Taxes on Product data was reported at 2,884.000 PGK mn in 2014. This records an increase from the previous number of 1,766.000 PGK mn for 2013. Papua New Guinea PG: GDP: Net Taxes on Product data is updated yearly, averaging 192.600 PGK mn from Dec 1960 (Median) to 2014, with 54 observations. The data reached an all-time high of 2,884.000 PGK mn in 2014 and a record low of 5.100 PGK mn in 1960. Papua New Guinea PG: 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 Papua New Guinea – Table PG.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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