Former Spanish colonies Compared by Economy > Tax > Net taxes on products > Current US$ > Per $ GDP

DEFINITION: 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. Per $ GDP figures expressed per 1 billion $ gross domestic product.

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#	COUNTRY	AMOUNT	DATE
1	Equatorial Guinea	313.72$ per $1 billion of GDP	2003
2	Bolivia	0.184$ per $1 billion of GDP	2005
3	Dominican Republic	0.13$ per $1 billion of GDP	2005
4	Nicaragua	0.119$ per $1 billion of GDP	2005
5	Honduras	0.111$ per $1 billion of GDP	2005
6	Mexico	0.104$ per $1 billion of GDP	2005
7	Costa Rica	0.096$ per $1 billion of GDP	2005
8	Paraguay	0.095$ per $1 billion of GDP	2005
9	Colombia	0.094$ per $1 billion of GDP	2005
10	Peru	0.089$ per $1 billion of GDP	2005
11	Chile	0.088$ per $1 billion of GDP	2005
12	Panama	0.085$ per $1 billion of GDP	2005
13	Venezuela	0.083$ per $1 billion of GDP	2005
14	El Salvador	0.075$ per $1 billion of GDP	2005
15	Argentina	0.074$ per $1 billion of GDP	2005
16	Philippines	0.065$ per $1 billion of GDP	2005
17	Ecuador	0.059$ per $1 billion of GDP	2005
18	Guatemala	0.056$ per $1 billion of GDP	2005
19	Uruguay	-0.01$ per $1 billion of GDP	2005

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