Taxes on international trade in Bhutan
Bhutan: Taxes on international trade was 1.58 billion current LCU 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 current LCU.
Analysis
Bhutan recorded 1.58 billion current LCU for taxes on international trade in 2020.
That represents a change of down 38.2% on the previous year and up 776.9% over ten years.
Over the whole period, taxes on international trade in Bhutan peaked at 2.55 billion current LCU in 2019 and was at its lowest, 600,000 current LCU, in 1982.
That places Bhutan 96th out of 155 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.50 million current LCU | 600,000 current LCU | 5.90 million current LCU | 7 |
| 1990s | 30.33 million current LCU | 3.10 million current LCU | 67.40 million current LCU | 10 |
| 2000s | 147.62 million current LCU | 70.50 million current LCU | 241.25 million current LCU | 10 |
| 2010s | 1.27 billion current LCU | 179.75 million current LCU | 2.55 billion current LCU | 10 |
| 2020s | 1.58 billion current LCU | 1.58 billion current LCU | 1.58 billion current LCU | 1 |
Countries ranked near Bhutan
More public sector data for Bhutan
- Arms imports 4.00 million SIPRI trend indicator values (2021)
- Tax revenue 12.3% (2020)
- Taxes on income, profits and capital gains 19.9% (2020)
- Taxes on goods and services 17.9% (2020)
- Net investment in nonfinancial assets 8.6% (2020)
- Net lending (+) / net borrowing (-) -2.5% (2020)
- Interest payments 1.5% (2020)
- Grants and other revenue 58.7% (2020)
- Interest payments 1.9% (2020)
- Other taxes 0.0% (2020)
Frequently asked questions
- What is taxes on international trade in Bhutan?
- Taxes on international trade in Bhutan was 1.58 billion current LCU 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 2.55 billion current LCU in 2019.
- What is the lowest taxes on international trade recorded in Bhutan?
- The lowest recorded value was 600,000 current LCU in 1982.
- How does Bhutan rank for taxes on international trade?
- Bhutan ranks 96th out of 155 countries with data for 2020.
- Is taxes on international trade rising or falling in Bhutan?
- Over the last ten years it is up 776.9%. 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 (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.