Saint Kitts and Nevis KN: GDP: Net Taxes on Product

Saint Kitts and Nevis KN: GDP: Net Taxes on Product data was reported at 339.420 XCD mn in 2017. This records a decrease from the previous number of 343.307 XCD mn for 2016. Saint Kitts and Nevis KN: GDP: Net Taxes on Product data is updated yearly, averaging 118.650 XCD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 354.718 XCD mn in 2014 and a record low of 11.520 XCD mn in 1977. Saint Kitts and Nevis KN: 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 St. Kitts and Nevis – Table KN.World Bank: 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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