Net incurrence of liabilities, total (% of GDP) in Bhutan
Bhutan: Net incurrence of liabilities, total (% of GDP) was 6.4% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Bhutan, 1982–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, net incurrence of liabilities, total in Bhutan stood at 6.4%.
The figure is up 587.5% on the previous year and up 2,509.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Bhutan peaked at 18.1% in 2016 and was at its lowest, -4.5%, in 1993.
Bhutan ranks 25th of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Bhutan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 1.2% | — |
| 1983 | 1.7% | +36.9% |
| 1984 | -1.1% | -166.2% |
| 1985 | 10.2% | -1003.9% |
| 1986 | 3.9% | -61.2% |
| 1988 | 5.3% | +33.4% |
| 1989 | 11.0% | +108.4% |
| 1990 | 7.7% | -29.3% |
| 1991 | 0.9% | -88.9% |
| 1992 | 3.9% | +359.2% |
| 1993 | -4.5% | -214.4% |
| 1994 | 0.6% | -112.7% |
| 1995 | -0.0% | -107.8% |
| 1996 | -2.2% | +4902.7% |
| 1997 | 2.3% | -205.1% |
| 1998 | -1.0% | -142.0% |
| 1999 | 1.8% | -282.3% |
| 2000 | 3.7% | +106.7% |
| 2001 | 10.9% | +192.3% |
| 2002 | 4.3% | -60.0% |
| 2003 | 9.5% | +119.4% |
| 2004 | -1.7% | -117.5% |
| 2005 | 6.6% | -493.5% |
| 2006 | 0.5% | -92.3% |
| 2007 | 0.7% | +35.5% |
| 2008 | -2.3% | -436.8% |
| 2009 | -1.9% | -17.8% |
| 2010 | 0.2% | -113.0% |
| 2011 | 0.6% | +123.9% |
| 2012 | -1.2% | -309.2% |
| 2013 | 0.4% | -136.8% |
| 2014 | -0.6% | -229.9% |
| 2015 | 12.2% | -2309.9% |
| 2016 | 18.1% | +48.1% |
| 2017 | 10.3% | -43.2% |
| 2018 | 4.0% | -61.5% |
| 2019 | 0.9% | -76.3% |
| 2020 | 6.4% | +587.5% |
Bhutan compared with similar countries
- Bhutan's 6.4% is above the median for lower middle income countries, which is 2.9%, 2.2× the median. (34 countries reporting)
- Bhutan's 6.4% is below the median for South Asia, which is 6.9%, 94% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | -4902.7% | -0.0% | -2.2% |
| 2015 | +2309.9% | -0.6% | 12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.6% | -1.1% | 11.0% | 7 |
| 1990s | 0.9% | -4.5% | 7.7% | 10 |
| 2000s | 3.0% | -2.3% | 10.9% | 10 |
| 2010s | 4.5% | -1.2% | 18.1% | 10 |
| 2020s | 6.4% | 6.4% | 6.4% | 1 |
Countries ranked near Bhutan
More public sector data for Bhutan
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 5.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 5.16 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 4.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 104.88 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is net incurrence of liabilities, total in Bhutan?
- Net incurrence of liabilities, total in Bhutan was 6.4% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Bhutan?
- The highest recorded value was 18.1% in 2016.
- What is the lowest net incurrence of liabilities, total recorded in Bhutan?
- The lowest recorded value was -4.5% in 1993.
- How does Bhutan rank for net incurrence of liabilities, total?
- Bhutan ranks 25th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Bhutan?
- Over the last ten years it is up 2,509.4%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.