Taxes on goods and services in Bhutan
Bhutan: Taxes on goods and services was 6.6% in 2020. ▬ Flat
Taxes on goods and services in Bhutan, 1982–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2020, taxes on goods and services in Bhutan stood at 6.6%.
The figure is down 11.2% on the previous year and up 29.9% over ten years.
Over the whole period, taxes on goods and services in Bhutan peaked at 9.1% in 1984 and was at its lowest, 3.0%, in 2004.
Bhutan ranks 115th of 154 countries on this measure, in the middle of the range.
Taxes on goods and services in Bhutan, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1982 | 6.7% | — |
| 1983 | 7.1% | +6.3% |
| 1984 | 9.1% | +27.3% |
| 1985 | 7.6% | -16.5% |
| 1986 | 7.3% | -3.1% |
| 1988 | 6.5% | -11.4% |
| 1989 | 5.2% | -20.8% |
| 1990 | 4.6% | -10.8% |
| 1991 | 5.3% | +15.2% |
| 1992 | 5.4% | +1.7% |
| 1993 | 5.9% | +9.7% |
| 1994 | 5.7% | -4.0% |
| 1995 | 5.3% | -7.2% |
| 1996 | 5.1% | -2.9% |
| 1997 | 3.6% | -28.8% |
| 1998 | 4.9% | +35.0% |
| 1999 | 3.8% | -23.5% |
| 2000 | 5.4% | +43.6% |
| 2001 | 3.1% | -43.2% |
| 2002 | 4.5% | +46.7% |
| 2003 | 5.3% | +17.8% |
| 2004 | 3.0% | -43.6% |
| 2005 | 4.2% | +41.1% |
| 2006 | 4.9% | +17.6% |
| 2007 | 3.4% | -31.7% |
| 2008 | 4.0% | +18.4% |
| 2009 | 4.0% | +1.0% |
| 2010 | 5.1% | +25.8% |
| 2011 | 5.5% | +7.9% |
| 2012 | 7.5% | +37.3% |
| 2013 | 7.6% | +1.1% |
| 2014 | 6.1% | -19.8% |
| 2015 | 5.9% | -3.9% |
| 2016 | 5.9% | -0.1% |
| 2017 | 6.4% | +8.2% |
| 2018 | 8.8% | +38.5% |
| 2019 | 7.4% | -15.5% |
| 2020 | 6.6% | -11.2% |
Bhutan compared with similar countries
- Bhutan's 6.6% is below the median for lower middle income countries, which is 8.7%, 76% of the median. (37 countries reporting)
- Bhutan's 6.6% is above the median for South Asia, which is 6.3%, 1.0× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.1% | 5.2% | 9.1% | 7 |
| 1990s | 5.0% | 3.6% | 5.9% | 10 |
| 2000s | 4.2% | 3.0% | 5.4% | 10 |
| 2010s | 6.6% | 5.1% | 8.8% | 10 |
| 2020s | 6.6% | 6.6% | 6.6% | 1 |
Countries ranked near Bhutan
More public sector data for Bhutan
- Arms imports 4.00 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)
- Tax revenue 12.3% (2020)
- Capital stock, General government, Current prices, Domestic currency 245.49 (2019)
- Taxes on income, profits and capital gains 19.9% (2020)
- Capital stock, General government, Constant prices, Percent of GDP 94.12 (2019)
- Capital stock, General government, Constant prices, Purchasing power 8.39 (2019)
- Taxes on goods and services 17.9% (2020)
Frequently asked questions
- What is taxes on goods and services in Bhutan?
- Taxes on goods and services in Bhutan was 6.6% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Bhutan?
- The highest recorded value was 9.1% in 1984.
- What is the lowest taxes on goods and services recorded in Bhutan?
- The lowest recorded value was 3.0% in 2004.
- How does Bhutan rank for taxes on goods and services?
- Bhutan ranks 115th out of 154 countries with data for 2020.
- Is taxes on goods and services rising or falling in Bhutan?
- Over the last ten years it is up 29.9%. The long-run trend across the full record is flat.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.