Taxes less subsidies on products (current LCU) in United States
United States: Taxes less subsidies on products (current LCU) was 829.22 billion current LCU in 2021. ▲ Rising
Taxes less subsidies on products in United States, 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 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 peaked at 829.22 billion current LCU in 2021 and was at its lowest, 319.25 billion current LCU, in 1997.
United States 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 (current LCU) in United States, 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% |
United States compared with similar countries
- United States's 829.22 billion current LCU is above the median for high income countries, which is 26.91 billion current LCU, 30.8× the median. (74 countries reporting)
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
More economy & growth data for United States
- 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)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in United States?
- Taxes less subsidies on products in United States 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?
- 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?
- The lowest recorded value was 319.25 billion current LCU in 1997.
- How does United States rank for taxes less subsidies on products?
- United States ranks 47th out of 199 countries with data for 2021.
- Is taxes less subsidies on products rising or falling in United States?
- 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 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.
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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.