Taxes less subsidies on products (current US$)

This indicator reflects the balance between product-related taxation and the financial support that government provides to businesses through subsidies. Specifically, it encompasses all indirect taxes imposed on the production, sale, or consumption of goods and services, offset by grants directed towards maintaining price stability or supporting production costs. By analyzing this figure, one can gain insights into the fiscal policies affecting industry dynamics, market pricing strategies, and overall economic health. Notably, fluctuations in this metric can indicate shifts in government priorities toward economic stimulation or regulation, as well as market responsiveness to external factors. The data presented is adjusted for inflation and expressed in current U.S. dollars, ensuring relevance to contemporary economic evaluations. Source: