Guinea GN: GDP: Real: Net Taxes on Product

Guinea GN: GDP: Real: Net Taxes on Product data was reported at 4,508,955.709 GNF mn in 2017. This records an increase from the previous number of 3,904,762.000 GNF mn for 2016. Guinea GN: GDP: Real: Net Taxes on Product data is updated yearly, averaging 1,396,282.497 GNF mn from Dec 1986 to 2017, with 32 observations. The data reached an all-time high of 4,508,955.709 GNF mn in 2017 and a record low of -1,381,631.737 GNF mn in 1987. Guinea GN: 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 Guinea – Table GN.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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