Bhutan's goods and services expense (current LCU) was 8.32 billion in 2020, the latest year in the World Bank's World Development Indicators. That is up 42.81% from 5.82 billion in 2010 (3.63% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.32 billion | 2020 |
| Five years earlier | 6.49 billion | 2015 |
| Ten years earlier | 5.82 billion | 2010 |
| Highest | 8.32 billion | 2020 |
| Lowest | 131.8 million | 1982 |
| Average since 2011 | 7.37 billion | 2011–2020 |
| First recorded | 131.8 million |
What the numbers say
In 2020, Bhutan's goods and services expense (current LCU) rose 3.8% on 2019 (from 8.02 billion to 8.32 billion).
Across the 30 yearly changes before that (1990 to 2019), the average change was +11.3% and a typical year strayed about 10% from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 48.3% in 1984 and the biggest yearly fall was 6.1% in 2015. 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 134.83 million a year. A straight line explains 53% 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.
How it compares
In 2020, Bhutan had the 5th highest value of the 10 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
- Mali — 2nd of 10: 201.59 billion
- Honduras — 3rd of 10: 22.49 billion
- Cabo Verde — 4th of 10: 11.14 billion
- Bahrain — 6th of 10: 405.25 million
- St. Kitts and Nevis — 7th of 10: 180.8 million
- Marshall Islands — 8th of 10: 37.19 million
What this measures
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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 | Goods and services expense (current LCU) |
|---|---|
| 2020 | 8,318,073,268 |
| 2019 | 8,016,890,000 |
| 2018 | 7,727,475,090 |
| 2017 | 7,710,388,362 |
| 2016 | 7,096,809,000 |
| 2015 | 6,486,494,000 |
| 2014 | 6,905,050,553 |
| 2013 | 6,998,627,000 |
| 2012 | 7,102,891,000 |
| 2011 | 7,298,268,000 |
Goods and services expense (current LCU) in nearby economies
- Bangladesh — 433.94 billion (2021)
- India — 2.33 trillion (2022)
- Maldives — 4.63 billion (2021)
- Nepal — 50.39 billion (2023)
- Sri Lanka — 299.7 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 goods and services expense (current LCU)?
- 8.32 billion in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 6,211% from 131.8 million in 1982 (11.52% a year on average, compounded). The highest value was 8.32 billion in 2020 and the lowest 131.8 million in 1982.
- How does Bhutan rank?
- 5th highest of 10 economies with data for 2020.
- Is the latest change in goods and services expense (current LCU) unusual for Bhutan?
- In 2020, Bhutan's goods and services expense (current LCU) rose 3.8% on 2019 (from 8.02 billion to 8.32 billion). Across the 30 yearly changes before that (1990 to 2019), the average change was +11.3% and a typical year strayed about 10% from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.GSRV.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.
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