Bhutan: Other taxes (current LCU)

Key figures

Over five years it is down 10.95% from 20.18 million in 2015 (2.29% a year on average, compounded). Since 1982 it is up 461.66% from 3.2 million in 1982 (4.65% a year on average, compounded). The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2020, Bhutan's other taxes (current LCU) fell 31.6% on 2019 (from 26.27 million to 17.97 million).

Across the 29 yearly changes before that (1983 to 2019), the average change was +44% and a typical year strayed about 195.2% from that (the standard deviation). This year's change was 0.4 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 1,040.9% in 2001 and the biggest yearly fall was 89.2% in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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 8: 27.66 billion
• Honduras — 2nd of 8: 609.88 million
• Solomon Islands — 3rd of 8: 42.05 million
• St. Kitts and Nevis — 5th of 8: 9.2 million
• Palau — 6th of 8: 1.74 million
• Marshall Islands — 7th of 8: 1.29 million

What this measures

Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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 33 values

Other taxes (current LCU) in nearby economies

• Bangladesh — 43.33 billion (2021)
• India — 234.57 billion (2022)
• Nepal — 8.67 billion (2023)
• Sri Lanka — 245.8 million (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

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Questions people ask

What is Bhutan's other taxes (current LCU)?

17.97 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 461.66% from 3.2 million in 1982 (4.65% a year on average, compounded). The highest value was 118.18 million in 2004 and the lowest 3.2 million in 1982.

Is the latest change in other taxes (current LCU) unusual for Bhutan?

In 2020, Bhutan's other taxes (current LCU) fell 31.6% on 2019 (from 26.27 million to 17.97 million). Across the 29 yearly changes before that (1983 to 2019), the average change was +44% and a typical year strayed about 195.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

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.TAX.OTHR.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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