Bhutan: Grants and other revenue (current LCU)

Key figures

What the numbers say

In 2020, Bhutan's grants and other revenue (current LCU) rose 72.8% on 2019 (from 18.63 billion to 32.2 billion).

Across the 30 yearly changes before that (1990 to 2019), the average change was +11.6% and a typical year strayed about 24.6% from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 84.2% in 2004 and the biggest yearly fall was 32.5% in 2003. 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 1.19 billion a year. A straight line explains 51% 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.

Closest to Bhutan in the 2020 ranking

• Mali — 1st of 9: 211.49 billion
• Honduras — 3rd of 9: 20.53 billion
• Cabo Verde — 4th of 9: 11.37 billion
• Bahrain — 5th of 9: 1.7 billion

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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 38 values

Grants and other revenue (current LCU) in nearby economies

• Bangladesh — 692.65 billion (2021)
• India — 6.38 trillion (2022)
• Maldives — 5.92 billion (2021)
• Nepal — 161.95 billion (2023)
• Sri Lanka — 317.5 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)
• 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)
• Tax revenue (% of GDP) — 12.28% (2020)

Reading data like this

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Questions people ask

What is Bhutan's grants and other revenue (current LCU)?

32.2 billion in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 7,547% from 421.1 million in 1982 (12.09% a year on average, compounded). The highest value was 32.2 billion in 2020 and the lowest 421.1 million in 1982.

Is the latest change in grants and other revenue (current LCU) unusual for Bhutan?

In 2020, Bhutan's grants and other revenue (current LCU) rose 72.8% on 2019 (from 18.63 billion to 32.2 billion). Across the 30 yearly changes before that (1990 to 2019), the average change was +11.6% and a typical year strayed about 24.6% from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.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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