Bhutan's taxes less subsidies on products (constant LCU) was 5.45 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 48.66% from 10.61 billion in 2014 (6.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.45 billion | 2024 |
| Five years earlier | 7.92 billion | 2019 |
| Ten years earlier | 10.61 billion | 2014 |
| Highest | 10.61 billion | 2014 |
| Lowest | 418.97 million | 1980 |
| Average since 2015 | 6.79 billion | 2015–2024 |
| First recorded | 418.97 million |
What the numbers say
In 2024, Bhutan's taxes less subsidies on products (constant LCU) rose 5.2% on 2023 (from 5.18 billion to 5.45 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.4% and a typical year strayed about 26.3% from that (the standard deviation). This year's change was 0.1 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 74.9% in 1994 and the biggest yearly fall was 48.2% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 655.76 million a year. A straight line explains 66% 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 2024, Bhutan had the 11th highest value of the 26 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 2024 ranking
- New Zealand — 8th of 26: 29.45 billion
- Vanuatu — 9th of 26: 15.82 billion
- Trinidad and Tobago — 10th of 26: 8.74 billion
- Papua New Guinea — 12th of 26: 3.46 billion
- Bahamas, The — 13th of 26: 1.49 billion
- Suriname — 14th of 26: 1.23 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 45 values
| Year | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2024 | 5,448,000,000 |
| 2023 | 5,181,141,200 |
| 2022 | 4,181,118,500 |
| 2021 | 4,086,121,800 |
| 2020 | 4,097,920,700 |
| 2019 | 7,917,419,300 |
| 2018 | 9,536,387,000 |
| 2017 | 8,086,674,000 |
| 2016 | 10,373,416,000 |
| 2015 | 9,020,912,800 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Bangladesh — 1 trillion (2025)
- India — 28.18 trillion (2025)
- Maldives — 12.05 billion (2025)
- Nepal — 308.23 billion (2025)
- Sri Lanka — 925.14 billion (2025)
More economic policy & debt data for Bhutan
- Grants, excluding technical cooperation (BoP, current US$) — US$40.14 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$77.45 million (2023)
- Net official development assistance and official aid received (current US$) — US$156.84 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$156.84 million (2023)
- Net official development assistance received (current US$) — US$156.84 million (2023)
- Net official development assistance received (constant 2023 US$) — US$156.84 million (2023)
- Net ODA received per capita (current US$) — US$199.44 (2023)
- Net bilateral aid flows from DAC donors, Japan (current US$)
Reading data like this
Questions people ask
- What is Bhutan's taxes less subsidies on products (constant LCU)?
- 5.45 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 1,200% from 418.97 million in 1980 (6% a year on average, compounded). The highest value was 10.61 billion in 2014 and the lowest 418.97 million in 1980.
- How does Bhutan rank?
- 11th highest of 26 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Bhutan?
- In 2024, Bhutan's taxes less subsidies on products (constant LCU) rose 5.2% on 2023 (from 5.18 billion to 5.45 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.4% and a typical year strayed about 26.3% from that (the standard deviation). This year's change was 0.1 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 NY.TAX.NIND.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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