Taxes less subsidies on products (current LCU), annual growth rate in Bhutan
Bhutan: Taxes less subsidies on products (current LCU), annual growth rate was 6.38 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Bhutan, 1981–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Bhutan recorded 6.38 % change on previous year for taxes less subsidies on products (current lcu), annual growth rate in 2024.
The figure is down 80.7% on the previous year and down 65.6% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Bhutan peaked at 89.73 % change on previous year in 1994 and was at its lowest, -45.08 % change on previous year, in 2020.
Bhutan ranks 113th of 197 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 (current LCU), annual growth rate in Bhutan, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | 18.44 % change on previous year | — |
| 1982 | 11.32 % change on previous year | -38.6% |
| 1983 | 47.46 % change on previous year | +319.2% |
| 1984 | 31.03 % change on previous year | -34.6% |
| 1985 | -8.33 % change on previous year | -126.9% |
| 1986 | 2.87 % change on previous year | -134.4% |
| 1987 | 78.37 % change on previous year | +2630.0% |
| 1988 | 7.95 % change on previous year | -89.9% |
| 1989 | -10.99 % change on previous year | -238.2% |
| 1990 | 81.82 % change on previous year | -844.5% |
| 1991 | 18.66 % change on previous year | -77.2% |
| 1992 | 10.69 % change on previous year | -42.7% |
| 1993 | 5.11 % change on previous year | -52.2% |
| 1994 | 89.73 % change on previous year | +1654.7% |
| 1995 | 1.99 % change on previous year | -97.8% |
| 1996 | 0.2793 % change on previous year | -86.0% |
| 1997 | 40.95 % change on previous year | +14559.0% |
| 1998 | 7.91 % change on previous year | -80.7% |
| 1999 | 13.74 % change on previous year | +73.8% |
| 2000 | -3.16 % change on previous year | -123.0% |
| 2001 | 13.3 % change on previous year | -521.3% |
| 2002 | 69.73 % change on previous year | +424.2% |
| 2003 | 12.93 % change on previous year | -81.5% |
| 2004 | 31.6 % change on previous year | +144.5% |
| 2005 | 8.8 % change on previous year | -72.1% |
| 2006 | 1.49 % change on previous year | -83.1% |
| 2007 | 7.85 % change on previous year | +425.9% |
| 2008 | 11.83 % change on previous year | +50.7% |
| 2009 | 5.69 % change on previous year | -51.9% |
| 2010 | 69.81 % change on previous year | +1126.9% |
| 2011 | 35.48 % change on previous year | -49.2% |
| 2012 | 48.2 % change on previous year | +35.8% |
| 2013 | -5.47 % change on previous year | -111.3% |
| 2014 | 18.57 % change on previous year | -439.7% |
| 2015 | -12.07 % change on previous year | -165.0% |
| 2016 | 19.79 % change on previous year | -264.0% |
| 2017 | -16.96 % change on previous year | -185.7% |
| 2018 | 21.68 % change on previous year | -227.8% |
| 2019 | -14.93 % change on previous year | -168.9% |
| 2020 | -45.08 % change on previous year | +201.8% |
| 2021 | 6.98 % change on previous year | -115.5% |
| 2022 | 6.89 % change on previous year | -1.2% |
| 2023 | 33.11 % change on previous year | +380.6% |
| 2024 | 6.38 % change on previous year | -80.7% |
Bhutan compared with similar countries
- Bhutan's 6.38 % change on previous year is below the median for lower middle income countries, which is 8.45 % change on previous year, 76% of the median. (46 countries reporting)
- Bhutan's 6.38 % change on previous year is below the median for South Asia, which is 10.82 % change on previous year, 59% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), annual growth rate in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +14559.0% | 0.2793 % change on previous year | 40.95 % change on previous year |
| 1987 | +2630.0% | 2.87 % change on previous year | 78.37 % change on previous year |
| 1994 | +1654.7% | 5.11 % change on previous year | 89.73 % change on previous year |
| 2010 | +1126.9% | 5.69 % change on previous year | 69.81 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.79 % change on previous year | -10.99 % change on previous year | 78.37 % change on previous year | 9 |
| 1990s | 27.09 % change on previous year | 0.2793 % change on previous year | 89.73 % change on previous year | 10 |
| 2000s | 16.01 % change on previous year | -3.16 % change on previous year | 69.73 % change on previous year | 10 |
| 2010s | 16.41 % change on previous year | -16.96 % change on previous year | 69.81 % change on previous year | 10 |
| 2020s | 1.66 % change on previous year | -45.08 % change on previous year | 33.11 % change on previous year | 5 |
Countries ranked near Bhutan
- 110 Georgia 6.63 % change on previous year compare
- 111 Niger 6.6 % change on previous year compare
- 112 Qatar 6.56 % change on previous year compare
- 114 Indonesia 6.35 % change on previous year compare
- 115 Guatemala 6.16 % change on previous year compare
- 116 Peru 6.03 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate 5.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.01 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 45.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5765 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 32.91 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0061 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Bhutan?
- Taxes less subsidies on products (current lcu), annual growth rate in Bhutan was 6.38 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Bhutan?
- The highest recorded value was 89.73 % change on previous year in 1994.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Bhutan?
- The lowest recorded value was -45.08 % change on previous year in 2020.
- How does Bhutan rank for taxes less subsidies on products (current lcu), annual growth rate?
- Bhutan ranks 113th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Bhutan?
- Over the last ten years it is down 65.6%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.