Taxes on international trade in Bhutan
Bhutan: Taxes on international trade was 2.9% in 2020. ◆ Volatile
Taxes on international trade in Bhutan, 1982–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Bhutan is 2.9%, measured in 2020.
Compared with earlier readings it is down 47.3% on the previous year and up 326.6% over ten years.
Over the whole period, taxes on international trade in Bhutan peaked at 5.4% in 2019 and was at its lowest, 0.1%, in 1982.
That places Bhutan 91st out of 154 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade in Bhutan, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1982 | 0.1% | — |
| 1984 | 0.5% | +300.7% |
| 1985 | 0.4% | -14.3% |
| 1986 | 0.4% | -11.2% |
| 1988 | 0.3% | -30.5% |
| 1989 | 0.4% | +43.5% |
| 1990 | 0.2% | -40.3% |
| 1991 | 0.4% | +71.7% |
| 1992 | 0.6% | +47.4% |
| 1993 | 0.5% | -11.8% |
| 1994 | 1.0% | +108.1% |
| 1995 | 1.2% | +13.9% |
| 1996 | 0.7% | -40.3% |
| 1997 | 1.1% | +51.9% |
| 1998 | 1.1% | +1.4% |
| 1999 | 1.0% | -7.4% |
| 2000 | 0.9% | -8.2% |
| 2001 | 1.1% | +21.4% |
| 2002 | 1.2% | +10.6% |
| 2003 | 1.7% | +36.0% |
| 2004 | 1.5% | -10.3% |
| 2005 | 2.3% | +55.8% |
| 2006 | 1.3% | -44.2% |
| 2007 | 1.0% | -20.9% |
| 2008 | 0.8% | -18.3% |
| 2009 | 1.0% | +18.8% |
| 2010 | 0.7% | -31.9% |
| 2011 | 1.0% | +50.9% |
| 2012 | 1.2% | +14.7% |
| 2013 | 0.9% | -19.7% |
| 2014 | 3.6% | +287.0% |
| 2015 | 5.0% | +38.2% |
| 2016 | 4.2% | -17.0% |
| 2017 | 4.5% | +8.8% |
| 2018 | 4.1% | -9.9% |
| 2019 | 5.4% | +33.7% |
| 2020 | 2.9% | -47.3% |
Bhutan compared with similar countries
- Bhutan's 2.9% is below the median for lower middle income countries, which is 7.8%, 37% of the median. (36 countries reporting)
- Bhutan's 2.9% is below the median for South Asia, which is 11.0%, 26% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on international trade 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 |
|---|---|---|---|
| 1984 | +300.7% | 0.1% | 0.5% |
| 2014 | +287.0% | 0.9% | 3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3% | 0.1% | 0.5% | 6 |
| 1990s | 0.8% | 0.2% | 1.2% | 10 |
| 2000s | 1.3% | 0.8% | 2.3% | 10 |
| 2010s | 3.1% | 0.7% | 5.4% | 10 |
| 2020s | 2.9% | 2.9% | 2.9% | 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 international trade in Bhutan?
- Taxes on international trade in Bhutan was 2.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Bhutan?
- The highest recorded value was 5.4% in 2019.
- What is the lowest taxes on international trade recorded in Bhutan?
- The lowest recorded value was 0.1% in 1982.
- How does Bhutan rank for taxes on international trade?
- Bhutan ranks 91st out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Bhutan?
- Over the last ten years it is up 326.6%. 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.