Faroe Islands FO: GDP: Net Taxes on Product

Faroe Islands FO: GDP: Net Taxes on Product data was reported at 1,893.000 DKK mn in 2015. This records an increase from the previous number of 1,855.900 DKK mn for 2014. Faroe Islands FO: GDP: Net Taxes on Product data is updated yearly, averaging 1,616.500 DKK mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 1,893.000 DKK mn in 2015 and a record low of 999.000 DKK mn in 1998. Faroe Islands FO: 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 Faroe Islands – Table FO.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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What was Faroe Islands's Faroe Islands FO: GDP: Net Taxes on Product in 2015?

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