Lebanon LB: GDP: Real: Net Taxes on Product

Lebanon LB: GDP: Real: Net Taxes on Product data was reported at 5,513,305.537 LBP mn in 2017. This records an increase from the previous number of 5,214,499.185 LBP mn for 2016. Lebanon LB: GDP: Real: Net Taxes on Product data is updated yearly, averaging 5,374,380.346 LBP mn from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 6,582,153.442 LBP mn in 2015 and a record low of 3,148,968.836 LBP mn in 2006. Lebanon LB: 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 Lebanon – Table LB.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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What was Lebanon's Lebanon LB: GDP: Real: Net Taxes on Product in 2016?

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