Serbia RS: GDP: Real: Net Taxes on Product

Serbia RS: GDP: Real: Net Taxes on Product data was reported at 514,925.700 RSD mn in 2017. This records an increase from the previous number of 504,019.600 RSD mn for 2016. Serbia RS: GDP: Real: Net Taxes on Product data is updated yearly, averaging 441,808.200 RSD mn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 519,691.600 RSD mn in 2008 and a record low of 45,467.900 RSD mn in 1995. Serbia RS: 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 Serbia – Table RS.World Bank.WDI: 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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