Taxes less subsidies on products in United States of America
United States of America: Taxes less subsidies on products was 829.22 billion current LCU in 2021. ▲ Rising
Taxes less subsidies on products in United States of America, 1997–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in United States of America is 829.22 billion current LCU, measured in 2021. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 15.6% on the previous year and up 52.3% over ten years.
Over the whole period, taxes less subsidies on products in United States of America peaked at 829.22 billion current LCU in 2021 and was at its lowest, 319.25 billion current LCU, in 1997.
United States of America ranks 47th of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products in United States of America, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 319.25 billion current LCU | — |
| 1998 | 334.93 billion current LCU | +4.9% |
| 1999 | 346.75 billion current LCU | +3.5% |
| 2000 | 366.92 billion current LCU | +5.8% |
| 2001 | 358.12 billion current LCU | -2.4% |
| 2002 | 383.62 billion current LCU | +7.1% |
| 2003 | 405.03 billion current LCU | +5.6% |
| 2004 | 442.35 billion current LCU | +9.2% |
| 2005 | 471.70 billion current LCU | +6.6% |
| 2006 | 511.48 billion current LCU | +8.4% |
| 2007 | 518.02 billion current LCU | +1.3% |
| 2008 | 521.96 billion current LCU | +0.8% |
| 2009 | 471.54 billion current LCU | -9.7% |
| 2010 | 509.12 billion current LCU | +8.0% |
| 2011 | 544.50 billion current LCU | +6.9% |
| 2012 | 572.83 billion current LCU | +5.2% |
| 2013 | 609.93 billion current LCU | +6.5% |
| 2014 | 643.91 billion current LCU | +5.6% |
| 2015 | 662.07 billion current LCU | +2.8% |
| 2016 | 668.43 billion current LCU | +1.0% |
| 2017 | 698.22 billion current LCU | +4.5% |
| 2018 | 765.81 billion current LCU | +9.7% |
| 2019 | 791.02 billion current LCU | +3.3% |
| 2020 | 717.16 billion current LCU | -9.3% |
| 2021 | 829.22 billion current LCU | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 333.64 billion current LCU | 319.25 billion current LCU | 346.75 billion current LCU | 3 |
| 2000s | 445.07 billion current LCU | 358.12 billion current LCU | 521.96 billion current LCU | 10 |
| 2010s | 646.58 billion current LCU | 509.12 billion current LCU | 791.02 billion current LCU | 10 |
| 2020s | 773.19 billion current LCU | 717.16 billion current LCU | 829.22 billion current LCU | 2 |
Countries ranked near United States of America
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate 5.77 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.1267 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 10,921 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -14.24 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -14.24 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.96 % change on previous year (2021)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0094 current LCU per US$ of GDP (2021)
- Agriculture, forestry, and fishing, value added (current LCU), per 673.66 current LCU per person (2021)
Frequently asked questions
- What is taxes less subsidies on products in United States of America?
- Taxes less subsidies on products in United States of America was 829.22 billion current LCU in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in United States of America?
- The highest recorded value was 829.22 billion current LCU in 2021.
- What is the lowest taxes less subsidies on products recorded in United States of America?
- The lowest recorded value was 319.25 billion current LCU in 1997.
- How does United States of America rank for taxes less subsidies on products?
- United States of America ranks 47th out of 199 countries with data for 2021.
- Is taxes less subsidies on products rising or falling in United States of America?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is rising.
- Where does this United States of America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.