Bhutan's compensation of employees (current LCU) was 17.71 billion in 2020, the latest year in the World Bank's World Development Indicators. That is up 195.54% from 5.99 billion in 2010 (11.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 17.71 billion | 2020 |
| Five years earlier | 10.04 billion | 2015 |
| Ten years earlier | 5.99 billion | 2010 |
| Highest | 17.71 billion | 2020 |
| Lowest | 80.1 million | 1983 |
| Average since 2011 | 10.16 billion | 2011–2020 |
| First recorded | 81.2 million |
What the numbers say
In 2020, Bhutan's compensation of employees (current LCU) rose 42.5% on 2019 (from 12.42 billion to 17.71 billion).
Across the 30 yearly changes before that (1990 to 2019), the average change was +11.9% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 42.5% in 2020 and the biggest yearly fall was 3.3% in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about 895.18 million a year. A straight line explains 76% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 16.57 billion for 2023. We show this only because the same method, fitted on earlier years, predicted 2018 to 2020 better than "no change" would have: its average miss was 2.04 billion, against 3.47 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2020, Bhutan had the 7th highest value of the 11 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Bhutan in the 2020 ranking
- Jamaica — 3rd of 11: 223 billion
- Honduras — 4th of 11: 68.04 billion
- Cabo Verde — 5th of 11: 21.7 billion
- Bahrain — 7th of 11: 1.39 billion
- St. Kitts and Nevis — 8th of 11: 227.9 million
- Marshall Islands — 9th of 11: 50.76 million
What this measures
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 36 values
| Year | Compensation of employees (current LCU) |
|---|---|
| 2020 | 17,706,177,105 |
| 2019 | 12,422,705,000 |
| 2018 | 10,433,970,449 |
| 2017 | 10,047,540,826 |
| 2016 | 10,097,720,000 |
| 2015 | 10,038,771,000 |
| 2014 | 8,271,318,637 |
| 2013 | 7,953,707,000 |
| 2012 | 7,576,637,000 |
| 2011 | 7,040,210,000 |
Compensation of employees (current LCU) in nearby economies
- Bangladesh — 596.99 billion (2021)
- India — 4.32 trillion (2022)
- Maldives — 9.3 billion (2021)
- Nepal — 157.8 billion (2023)
- Sri Lanka — 939.5 billion (2023)
More public sector data for Bhutan
- Net incurrence of liabilities, total (current LCU) — 11.71 billion (2020)
- Net incurrence of liabilities, total (% of GDP) — 6.43% (2020)
- Grants and other revenue (current LCU) — 32.2 billion (2020)
- Taxes on goods and services (current LCU) — 9.84 billion (2020)
- Taxes on goods and services (% of industry and services value added) — 6.61% (2020)
- Customs and other import duties (current LCU) — 468 million (2020)
- Customs and other import duties (% of tax revenue) — 2.09% (2020)
- Taxes on international trade (current LCU) — 1.58 billion (2020)
- Tax revenue (current LCU) — 22.37 billion (2020)
Reading data like this
Questions people ask
- What is Bhutan's compensation of employees (current LCU)?
- 17.71 billion in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 21,706% from 81.2 million in 1982 (15.22% a year on average, compounded). The highest value was 17.71 billion in 2020 and the lowest 80.1 million in 1983.
- How does Bhutan rank?
Source
World Bank, World Development Indicators, indicator GC.XPN.COMP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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