Libya LY: GDP: Net Taxes on Product

Libya LY: GDP: Net Taxes on Product data was reported at -80,697.699 LYD mn in 2023. This records a decrease from the previous number of -77,842.117 LYD mn for 2022. Libya LY: GDP: Net Taxes on Product data is updated yearly, averaging -9,678.950 LYD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of -5,256.500 LYD mn in 2016 and a record low of -80,697.699 LYD mn in 2023. Libya LY: 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 Libya – Table LY.World Bank.WDI: Gross Domestic Product: Nominal. Taxes less subsidies 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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What was Libya's Libya LY: GDP: Net Taxes on Product in 2023?

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