Taxes less subsidies on products in United States of America
United States of America: Taxes less subsidies on products was 829.22 billion current US$ 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 US$.
Analysis
In 2021, taxes less subsidies on products in United States of America stood at 829.22 billion current US$. 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 US$ in 2021 and was at its lowest, 319.25 billion current US$, in 1997.
That places United States of America 1st out of 197 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products in United States of America, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 319.25 billion current US$ | — |
| 1998 | 334.93 billion current US$ | +4.9% |
| 1999 | 346.75 billion current US$ | +3.5% |
| 2000 | 366.92 billion current US$ | +5.8% |
| 2001 | 358.12 billion current US$ | -2.4% |
| 2002 | 383.62 billion current US$ | +7.1% |
| 2003 | 405.03 billion current US$ | +5.6% |
| 2004 | 442.35 billion current US$ | +9.2% |
| 2005 | 471.70 billion current US$ | +6.6% |
| 2006 | 511.48 billion current US$ | +8.4% |
| 2007 | 518.02 billion current US$ | +1.3% |
| 2008 | 521.96 billion current US$ | +0.8% |
| 2009 | 471.54 billion current US$ | -9.7% |
| 2010 | 509.12 billion current US$ | +8.0% |
| 2011 | 544.50 billion current US$ | +6.9% |
| 2012 | 572.83 billion current US$ | +5.2% |
| 2013 | 609.93 billion current US$ | +6.5% |
| 2014 | 643.91 billion current US$ | +5.6% |
| 2015 | 662.07 billion current US$ | +2.8% |
| 2016 | 668.43 billion current US$ | +1.0% |
| 2017 | 698.22 billion current US$ | +4.5% |
| 2018 | 765.81 billion current US$ | +9.7% |
| 2019 | 791.02 billion current US$ | +3.3% |
| 2020 | 717.16 billion current US$ | -9.3% |
| 2021 | 829.22 billion current US$ | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 333.64 billion current US$ | 319.25 billion current US$ | 346.75 billion current US$ | 3 |
| 2000s | 445.07 billion current US$ | 358.12 billion current US$ | 521.96 billion current US$ | 10 |
| 2010s | 646.58 billion current US$ | 509.12 billion current US$ | 791.02 billion current US$ | 10 |
| 2020s | 773.19 billion current US$ | 717.16 billion current US$ | 829.22 billion current US$ | 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)
- Industry (including construction), value added (current US$), annual 13.08 % change on previous year (2021)
- Industry (including construction), value added (current US$), per 0.1758 current US$ per US$ of GDP (2021)
- Industry (including construction), value added (current US$), per 12,556 current US$ per person (2021)
- Industry (including construction), value added (current LCU), annual 13.08 % change on previous year (2021)
- Industry (including construction), value added (current LCU), per 0.1758 current LCU per US$ of GDP (2021)
- Industry (including construction), value added (current LCU), per 12,556 current LCU per person (2021)
- Services, value added (current US$), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7626 current US$ per US$ of GDP (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 US$ 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 US$ 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 US$ in 1997.
- How does United States of America rank for taxes less subsidies on products?
- United States of America ranks 1st out of 197 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 US$). 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 indicator is expressed in United States dollars.