Taxes less subsidies on products (current US$) in Bhutan
Bhutan: Taxes less subsidies on products (current US$) was 88.97 million current US$ in 2024. ◆ Volatile
Latest (2024)
88.97 million current US$
Change on year
up 5.0%
World rank
181st
of 199 countries
All-time high
154.35 million current US$
in 2012
All-time low
2.28 million current US$
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 US$.
Analysis
Bhutan recorded 88.97 million current US$ for taxes less subsidies on products in 2024.
That represents a change of up 5.0% on the previous year and down 41.3% over ten years.
Over the whole period, taxes less subsidies on products in Bhutan peaked at 154.35 million current US$ in 2012 and was at its lowest, 2.28 million current US$, in 1980.
That places Bhutan 181st out of 199 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Bhutan, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 2.28 million current US$ | — |
| 1981 | 2.45 million current US$ | +7.6% |
| 1982 | 2.50 million current US$ | +1.9% |
| 1983 | 3.45 million current US$ | +38.1% |
| 1984 | 4.01 million current US$ | +16.5% |
| 1985 | 3.38 million current US$ | -15.8% |
| 1986 | 3.41 million current US$ | +0.9% |
| 1987 | 5.92 million current US$ | +73.5% |
| 1988 | 5.95 million current US$ | +0.5% |
| 1989 | 4.54 million current US$ | -23.7% |
| 1990 | 7.66 million current US$ | +68.5% |
| 1991 | 6.99 million current US$ | -8.7% |
| 1992 | 6.79 million current US$ | -2.9% |
| 1993 | 6.07 million current US$ | -10.7% |
| 1994 | 11.19 million current US$ | +84.4% |
| 1995 | 11.04 million current US$ | -1.3% |
| 1996 | 10.13 million current US$ | -8.2% |
| 1997 | 13.93 million current US$ | +37.5% |
| 1998 | 13.23 million current US$ | -5.0% |
| 1999 | 14.42 million current US$ | +9.0% |
| 2000 | 13.38 million current US$ | -7.2% |
| 2001 | 14.44 million current US$ | +7.9% |
| 2002 | 23.79 million current US$ | +64.8% |
| 2003 | 28.04 million current US$ | +17.8% |
| 2004 | 37.92 million current US$ | +35.3% |
| 2005 | 42.40 million current US$ | +11.8% |
| 2006 | 41.89 million current US$ | -1.2% |
| 2007 | 49.50 million current US$ | +18.2% |
| 2008 | 52.61 million current US$ | +6.3% |
| 2009 | 49.97 million current US$ | -5.0% |
| 2010 | 89.83 million current US$ | +79.8% |
| 2011 | 119.25 million current US$ | +32.7% |
| 2012 | 154.35 million current US$ | +29.4% |
| 2013 | 133.06 million current US$ | -13.8% |
| 2014 | 151.48 million current US$ | +13.8% |
| 2015 | 126.72 million current US$ | -16.3% |
| 2016 | 144.92 million current US$ | +14.4% |
| 2017 | 124.18 million current US$ | -14.3% |
| 2018 | 143.88 million current US$ | +15.9% |
| 2019 | 118.86 million current US$ | -17.4% |
| 2020 | 62.04 million current US$ | -47.8% |
| 2021 | 66.53 million current US$ | +7.2% |
| 2022 | 66.87 million current US$ | +0.5% |
| 2023 | 84.71 million current US$ | +26.7% |
| 2024 | 88.97 million current US$ | +5.0% |
Bhutan compared with similar countries
- Bhutan's 88.97 million current US$ is below the median for lower middle income countries, which is 2.40 billion current US$, 4% of the median. (46 countries reporting)
- Bhutan's 88.97 million current US$ is below the median for South Asia, which is 8.24 billion current US$, 1% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.79 million current US$ | 2.28 million current US$ | 5.95 million current US$ | 10 |
| 1990s | 10.15 million current US$ | 6.07 million current US$ | 14.42 million current US$ | 10 |
| 2000s | 35.39 million current US$ | 13.38 million current US$ | 52.61 million current US$ | 10 |
| 2010s | 130.65 million current US$ | 89.83 million current US$ | 154.35 million current US$ | 10 |
| 2020s | 73.82 million current US$ | 62.04 million current US$ | 88.97 million current US$ | 5 |
Countries ranked near Bhutan
- 178 Macao 112.61 million current US$ compare
- 179 Comoros 95.49 million current US$ compare
- 180 Tonga 92.11 million current US$ compare
- 182 Sint Maarten (Dutch part) 79.39 million current US$ compare
- 183 Sao Tome and Principe 65.65 million current US$ compare
- 184 Eritrea 51.71 million current US$ 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 in Bhutan?
- Taxes less subsidies on products in Bhutan was 88.97 million current US$ 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 154.35 million current US$ in 2012.
- What is the lowest taxes less subsidies on products recorded in Bhutan?
- The lowest recorded value was 2.28 million current US$ in 1980.
- How does Bhutan rank for taxes less subsidies on products?
- Bhutan ranks 181st out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bhutan?
- Over the last ten years it is down 41.3%. 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 US$). 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 indicator is expressed in United States dollars.