Taxes less subsidies on products (constant LCU), per unit of GDP in Bhutan
Bhutan: Taxes less subsidies on products (constant LCU), per unit of GDP was 1.63 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Bhutan, 1980–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Bhutan recorded 1.63 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2024.
Compared with earlier readings it is down 5.3% on the previous year and down 68.0% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Bhutan peaked at 7.43 constant LCU per US$ of GDP in 1994 and was at its lowest, 1.44 constant LCU per US$ of GDP, in 2022.
Bhutan ranks 67th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Bhutan, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1980 | 3.26 constant LCU per US$ of GDP | — |
| 1981 | 3.21 constant LCU per US$ of GDP | -1.5% |
| 1982 | 3.16 constant LCU per US$ of GDP | -1.4% |
| 1983 | 3.79 constant LCU per US$ of GDP | +19.8% |
| 1984 | 4.37 constant LCU per US$ of GDP | +15.2% |
| 1985 | 3.54 constant LCU per US$ of GDP | -18.9% |
| 1986 | 2.8 constant LCU per US$ of GDP | -20.9% |
| 1987 | 3.54 constant LCU per US$ of GDP | +26.5% |
| 1988 | 3.06 constant LCU per US$ of GDP | -13.4% |
| 1989 | 2.52 constant LCU per US$ of GDP | -17.6% |
| 1990 | 3.8 constant LCU per US$ of GDP | +50.6% |
| 1991 | 4.84 constant LCU per US$ of GDP | +27.3% |
| 1992 | 4.76 constant LCU per US$ of GDP | -1.6% |
| 1993 | 4.87 constant LCU per US$ of GDP | +2.3% |
| 1994 | 7.43 constant LCU per US$ of GDP | +52.6% |
| 1995 | 6.18 constant LCU per US$ of GDP | -16.9% |
| 1996 | 5.54 constant LCU per US$ of GDP | -10.4% |
| 1997 | 6.15 constant LCU per US$ of GDP | +11.0% |
| 1998 | 5.86 constant LCU per US$ of GDP | -4.7% |
| 1999 | 5.69 constant LCU per US$ of GDP | -2.9% |
| 2000 | 3.23 constant LCU per US$ of GDP | -43.2% |
| 2001 | 3.23 constant LCU per US$ of GDP | -0.1% |
| 2002 | 4.6 constant LCU per US$ of GDP | +42.7% |
| 2003 | 4.24 constant LCU per US$ of GDP | -8.0% |
| 2004 | 4.82 constant LCU per US$ of GDP | +13.7% |
| 2005 | 4.24 constant LCU per US$ of GDP | -12.1% |
| 2006 | 3.77 constant LCU per US$ of GDP | -10.9% |
| 2007 | 2.96 constant LCU per US$ of GDP | -21.6% |
| 2008 | 3.01 constant LCU per US$ of GDP | +1.5% |
| 2009 | 2.95 constant LCU per US$ of GDP | -1.7% |
| 2010 | 3.61 constant LCU per US$ of GDP | +22.3% |
| 2011 | 3.75 constant LCU per US$ of GDP | +3.7% |
| 2012 | 5.16 constant LCU per US$ of GDP | +37.7% |
| 2013 | 4.79 constant LCU per US$ of GDP | -7.1% |
| 2014 | 5.08 constant LCU per US$ of GDP | +6.0% |
| 2015 | 4.12 constant LCU per US$ of GDP | -18.8% |
| 2016 | 4.4 constant LCU per US$ of GDP | +6.7% |
| 2017 | 3.12 constant LCU per US$ of GDP | -29.1% |
| 2018 | 3.69 constant LCU per US$ of GDP | +18.3% |
| 2019 | 2.89 constant LCU per US$ of GDP | -21.6% |
| 2020 | 1.67 constant LCU per US$ of GDP | -42.4% |
| 2021 | 1.48 constant LCU per US$ of GDP | -11.5% |
| 2022 | 1.44 constant LCU per US$ of GDP | -2.2% |
| 2023 | 1.72 constant LCU per US$ of GDP | +19.2% |
| 2024 | 1.63 constant LCU per US$ of GDP | -5.3% |
Bhutan compared with similar countries
- Bhutan's 1.63 constant LCU per US$ of GDP is below the median for lower middle income countries, which is 1.91 constant LCU per US$ of GDP, 85% of the median. (46 countries reporting)
- Bhutan's 1.63 constant LCU per US$ of GDP is below the median for South Asia, which is 4.48 constant LCU per US$ of GDP, 36% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.32 constant LCU per US$ of GDP | 2.52 constant LCU per US$ of GDP | 4.37 constant LCU per US$ of GDP | 10 |
| 1990s | 5.51 constant LCU per US$ of GDP | 3.8 constant LCU per US$ of GDP | 7.43 constant LCU per US$ of GDP | 10 |
| 2000s | 3.7 constant LCU per US$ of GDP | 2.95 constant LCU per US$ of GDP | 4.82 constant LCU per US$ of GDP | 10 |
| 2010s | 4.06 constant LCU per US$ of GDP | 2.89 constant LCU per US$ of GDP | 5.16 constant LCU per US$ of GDP | 10 |
| 2020s | 1.59 constant LCU per US$ of GDP | 1.44 constant LCU per US$ of GDP | 1.72 constant LCU per US$ of GDP | 5 |
Countries ranked near Bhutan
- 64 Gambia 2.13 constant LCU per US$ of GDP compare
- 65 Seychelles 2.05 constant LCU per US$ of GDP compare
- 66 Equatorial Guinea 1.73 constant LCU per US$ of GDP compare
- 68 Maldives 1.56 constant LCU per US$ of GDP compare
- 69 Czechia 1.47 constant LCU per US$ of GDP compare
- 70 Haiti 1.45 constant LCU per US$ of GDP compare
More economy & growth data for Bhutan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.11 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.82 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -72.36 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0008 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 26.59 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.3328 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,495 includes gold, current US$ per person (2025)
- Total reserves minus gold (current US$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Bhutan?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Bhutan was 1.63 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bhutan?
- The highest recorded value was 7.43 constant LCU per US$ of GDP in 1994.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bhutan?
- The lowest recorded value was 1.44 constant LCU per US$ of GDP in 2022.
- How does Bhutan rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Bhutan ranks 67th out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Bhutan?
- Over the last ten years it is down 68.0%. The long-run trend across the full record is falling.
- Where does this Bhutan data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.