Romania RO: GDP: USD: Net Taxes on Product

Romania RO: GDP: USD: Net Taxes on Product data was reported at 19.908 USD bn in 2017. This records an increase from the previous number of 19.290 USD bn for 2016. Romania RO: GDP: USD: Net Taxes on Product data is updated yearly, averaging 7.331 USD bn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 22.972 USD bn in 2014 and a record low of 475.000 USD mn in 1992. Romania RO: GDP: USD: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.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 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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