Tonga TO: GDP: USD: Net Taxes on Product

Tonga TO: GDP: USD: Net Taxes on Product data was reported at 52.503 USD mn in 2016. This records a decrease from the previous number of 55.942 USD mn for 2015. Tonga TO: GDP: USD: Net Taxes on Product data is updated yearly, averaging 25.574 USD mn from Jun 1980 (Median) to 2016, with 37 observations. The data reached an all-time high of 59.591 USD mn in 2012 and a record low of 7.049 USD mn in 1980. Tonga TO: 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 Tonga – Table TO.World Bank.WDI: 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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What was Tonga's Tonga TO: GDP: USD: Net Taxes on Product in 2016?

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