Taxes less subsidies on products in Bhutan
Bhutan: Taxes less subsidies on products was 7.44 billion current LCU in 2024. ◆ Volatile
Latest (2024)
7.44 billion current LCU
Change on year
up 6.4%
World rank
140th
of 197 countries
All-time high
9.84 billion current LCU
in 2018
All-time low
17.90 million current 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 current LCU.
Analysis
Bhutan recorded 7.44 billion current LCU for taxes less subsidies on products in 2024.
Compared with earlier readings it is up 6.4% on the previous year and down 19.5% over ten years.
Over the whole period, taxes less subsidies on products in Bhutan peaked at 9.84 billion current LCU in 2018 and was at its lowest, 17.90 million current LCU, in 1980.
Bhutan ranks 140th 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 in Bhutan, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | 17.90 million current LCU | — |
| 1981 | 21.20 million current LCU | +18.4% |
| 1982 | 23.60 million current LCU | +11.3% |
| 1983 | 34.80 million current LCU | +47.5% |
| 1984 | 45.60 million current LCU | +31.0% |
| 1985 | 41.80 million current LCU | -8.3% |
| 1986 | 43.00 million current LCU | +2.9% |
| 1987 | 76.70 million current LCU | +78.4% |
| 1988 | 82.80 million current LCU | +8.0% |
| 1989 | 73.70 million current LCU | -11.0% |
| 1990 | 134.00 million current LCU | +81.8% |
| 1991 | 159.00 million current LCU | +18.7% |
| 1992 | 176.00 million current LCU | +10.7% |
| 1993 | 185.00 million current LCU | +5.1% |
| 1994 | 351.00 million current LCU | +89.7% |
| 1995 | 358.00 million current LCU | +2.0% |
| 1996 | 359.00 million current LCU | +0.3% |
| 1997 | 506.00 million current LCU | +40.9% |
| 1998 | 546.00 million current LCU | +7.9% |
| 1999 | 621.00 million current LCU | +13.7% |
| 2000 | 601.39 million current LCU | -3.2% |
| 2001 | 681.39 million current LCU | +13.3% |
| 2002 | 1.16 billion current LCU | +69.7% |
| 2003 | 1.31 billion current LCU | +12.9% |
| 2004 | 1.72 billion current LCU | +31.6% |
| 2005 | 1.87 billion current LCU | +8.8% |
| 2006 | 1.90 billion current LCU | +1.5% |
| 2007 | 2.05 billion current LCU | +7.8% |
| 2008 | 2.29 billion current LCU | +11.8% |
| 2009 | 2.42 billion current LCU | +5.7% |
| 2010 | 4.11 billion current LCU | +69.8% |
| 2011 | 5.57 billion current LCU | +35.5% |
| 2012 | 8.25 billion current LCU | +48.2% |
| 2013 | 7.80 billion current LCU | -5.5% |
| 2014 | 9.24 billion current LCU | +18.6% |
| 2015 | 8.13 billion current LCU | -12.1% |
| 2016 | 9.74 billion current LCU | +19.8% |
| 2017 | 8.09 billion current LCU | -17.0% |
| 2018 | 9.84 billion current LCU | +21.7% |
| 2019 | 8.37 billion current LCU | -14.9% |
| 2020 | 4.60 billion current LCU | -45.1% |
| 2021 | 4.92 billion current LCU | +7.0% |
| 2022 | 5.26 billion current LCU | +6.9% |
| 2023 | 7.00 billion current LCU | +33.1% |
| 2024 | 7.44 billion current LCU | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 46.11 million current LCU | 17.90 million current LCU | 82.80 million current LCU | 10 |
| 1990s | 339.50 million current LCU | 134.00 million current LCU | 621.00 million current LCU | 10 |
| 2000s | 1.60 billion current LCU | 601.39 million current LCU | 2.42 billion current LCU | 10 |
| 2010s | 7.91 billion current LCU | 4.11 billion current LCU | 9.84 billion current LCU | 10 |
| 2020s | 5.84 billion current LCU | 4.60 billion current LCU | 7.44 billion current 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 11.25 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9734 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 4,116 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 81.44 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 344,353 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.857 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Bhutan?
- Taxes less subsidies on products in Bhutan was 7.44 billion current 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 9.84 billion current LCU in 2018.
- What is the lowest taxes less subsidies on products recorded in Bhutan?
- The lowest recorded value was 17.90 million current LCU in 1980.
- How does Bhutan rank for taxes less subsidies on products?
- Bhutan ranks 140th out of 197 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bhutan?
- Over the last ten years it is down 19.5%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.