Venezuela VE: GDP: Real: Net Taxes on Product

Venezuela VE: GDP: Real: Net Taxes on Product data was reported at 6,356.064 VEF mn in 2014. This records a decrease from the previous number of 6,977.225 VEF mn for 2013. Venezuela VE: GDP: Real: Net Taxes on Product data is updated yearly, averaging 983.150 VEF mn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 7,078.015 VEF mn in 2012 and a record low of 374.155 VEF mn in 1990. Venezuela VE: 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 Venezuela – Table VE.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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