Taxes less subsidies on products in Bhutan
Bhutan: Taxes less subsidies on products was 5.45 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
5.45 billion constant LCU
Change on year
up 5.2%
World rank
129th
of 187 countries
All-time high
10.61 billion constant LCU
in 2014
All-time low
418.97 million constant LCU
in 1980
Years of data
45
1980–2024
Taxes less subsidies on products in Bhutan, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Bhutan recorded 5.45 billion constant LCU for taxes less subsidies on products in 2024.
Compared with earlier readings it is up 5.2% on the previous year and down 48.7% over ten years.
Over the whole period, taxes less subsidies on products in Bhutan peaked at 10.61 billion constant LCU in 2014 and was at its lowest, 418.97 million constant LCU, in 1980.
Bhutan ranks 129th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Bhutan, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 418.97 million constant LCU | — |
| 1981 | 446.59 million constant LCU | +6.6% |
| 1982 | 447.43 million constant LCU | +0.2% |
| 1983 | 593.79 million constant LCU | +32.7% |
| 1984 | 700.27 million constant LCU | +17.9% |
| 1985 | 577.72 million constant LCU | -17.5% |
| 1986 | 534.88 million constant LCU | -7.4% |
| 1987 | 858.66 million constant LCU | +60.5% |
| 1988 | 834.25 million constant LCU | -2.8% |
| 1989 | 668.31 million constant LCU | -19.9% |
| 1990 | 1.09 billion constant LCU | +63.6% |
| 1991 | 1.16 billion constant LCU | +6.3% |
| 1992 | 1.14 billion constant LCU | -1.6% |
| 1993 | 1.10 billion constant LCU | -3.8% |
| 1994 | 1.92 billion constant LCU | +74.9% |
| 1995 | 1.79 billion constant LCU | -6.7% |
| 1996 | 1.68 billion constant LCU | -6.4% |
| 1997 | 2.17 billion constant LCU | +28.9% |
| 1998 | 2.13 billion constant LCU | -1.7% |
| 1999 | 2.27 billion constant LCU | +6.6% |
| 2000 | 1.49 billion constant LCU | -34.5% |
| 2001 | 1.60 billion constant LCU | +7.6% |
| 2002 | 2.58 billion constant LCU | +60.9% |
| 2003 | 2.76 billion constant LCU | +7.2% |
| 2004 | 3.54 billion constant LCU | +28.3% |
| 2005 | 3.65 billion constant LCU | +2.9% |
| 2006 | 3.56 billion constant LCU | -2.4% |
| 2007 | 3.72 billion constant LCU | +4.4% |
| 2008 | 3.96 billion constant LCU | +6.5% |
| 2009 | 3.93 billion constant LCU | -0.7% |
| 2010 | 6.18 billion constant LCU | +57.0% |
| 2011 | 7.41 billion constant LCU | +20.0% |
| 2012 | 10.19 billion constant LCU | +37.4% |
| 2013 | 9.32 billion constant LCU | -8.5% |
| 2014 | 10.61 billion constant LCU | +13.9% |
| 2015 | 9.02 billion constant LCU | -15.0% |
| 2016 | 10.37 billion constant LCU | +15.0% |
| 2017 | 8.09 billion constant LCU | -22.0% |
| 2018 | 9.54 billion constant LCU | +17.9% |
| 2019 | 7.92 billion constant LCU | -17.0% |
| 2020 | 4.10 billion constant LCU | -48.2% |
| 2021 | 4.09 billion constant LCU | -0.3% |
| 2022 | 4.18 billion constant LCU | +2.3% |
| 2023 | 5.18 billion constant LCU | +23.9% |
| 2024 | 5.45 billion constant LCU | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 608.09 million constant LCU | 418.97 million constant LCU | 858.66 million constant LCU | 10 |
| 1990s | 1.65 billion constant LCU | 1.09 billion constant LCU | 2.27 billion constant LCU | 10 |
| 2000s | 3.08 billion constant LCU | 1.49 billion constant LCU | 3.96 billion constant LCU | 10 |
| 2010s | 8.86 billion constant LCU | 6.18 billion constant LCU | 10.61 billion constant LCU | 10 |
| 2020s | 4.60 billion constant LCU | 4.09 billion constant LCU | 5.45 billion constant LCU | 5 |
Countries ranked near Bhutan
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)
- Industry (including construction), value added (constant 2015 US$) 11.33 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2731 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,227 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 11.33 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 19.35 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 86,946 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 10.35 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5316 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Bhutan?
- Taxes less subsidies on products in Bhutan was 5.45 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Bhutan?
- The highest recorded value was 10.61 billion constant LCU in 2014.
- What is the lowest taxes less subsidies on products recorded in Bhutan?
- The lowest recorded value was 418.97 million constant LCU in 1980.
- How does Bhutan rank for taxes less subsidies on products?
- Bhutan ranks 129th out of 187 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bhutan?
- Over the last ten years it is down 48.7%. The long-run trend across the full record is volatile.
- Where does this Bhutan 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 (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.