Bhutan: Tax revenue
* indicates monthly or quarterly data series
| Bhutan |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 12.28 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1982 - 2020 |
| Average | 8.85 |
| Min - Max | 4.60 - 15.80 |
| Source | The World Bank |
The latest value from 2020 is 12.28 percent, a decline from 14.5 percent in 2019. In comparison, the world average is 16.17 percent, based on data from 133 countries. Historically, the average for Bhutan from 1982 to 2020 is 8.85 percent. The minimum value, 4.6 percent, was reached in 1990 while the maximum of 15.8 percent was recorded in 2018.
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Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. 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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 20.34 | 2023 | percent |
| Government spending, in dollars | 0.67 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.17 | 2024 | percent |
| Primary budget balance | 1.80 | 2024 | percent |
| Tax revenue | 12.28 | 2020 | percent |
| Commercial tax rate | 35.30 | 2019 | percent |
| Tax preparation time | 52 | 2019 | hours |
| Taxes on goods and services | 17.93 | 2020 | percent |
| Taxes on international trade | 2.87 | 2020 | percent |
| Income and profits taxes | 19.94 | 2020 | percent |
| Foreign aid | 156.84 | 2023 | million U.S. dollars |
| Government debt | 110.44 | 2024 | percent |