Bhutan Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Bhutan's interest payments to revenue was 1.52% in 2020, ranked 20th globally. This represents a 55.9% decrease from 2019. Data from World Bank, covering 1984–2020.
Overview
Bhutan's interest payments to revenue stood at 1.52% in 2020, a decline of +1.92pp from 2019. Bhutan ranked 20th globally.
Bhutan’s interest payments to revenue stood at 1.52 % of total revenue in 2020, placing the kingdom at twentieth position worldwide. The indicator, measured over a 34‑year span, rose dramatically from a modest 0.13 % in 1984 to an all‑time peak of 9.41 % during the global financial crisis of 2008, before falling to a trough of 0.04 % in 1988. The recent level is comparable to Bulgaria’s 1.50 % and slightly below Cambodia’s 1.65 %, suggesting that Bhutan’s debt service burden remains moderate relative to peers with similar fiscal structures. The sharp escalation in 2008 reflected heightened borrowing costs and external debt accumulation, while the subsequent decline indicates successful fiscal consolidation and improved debt management. Continued emphasis on prudent borrowing and revenue diversification will be crucial to prevent a reversal of the downward trend and to keep interest payments within a sustainable range.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2020 | 1.52% | −1.92pp | #20 |
| 2019 | 3.44% | −0.60pp | #45 |
| 2018 | 4.04% | −0.64pp | #52 |
| 2017 | 4.67% | −0.33pp | #60 |
| 2016 | 5.00% | −0.75pp | #62 |
| 2015 | 5.76% | +0.17pp | #73 |
| 2014 | 5.59% | −3.05pp | #73 |
| 2013 | 8.63% | +2.88pp | #89 |
| 2012 | 5.75% | −0.68pp | #74 |
| 2011 | 6.43% | −0.10pp | #79 |
| 2010 | 6.53% | −1.88pp | #74 |
| 2009 | 8.41% | −1.00pp | #79 |
| 2008 | 9.41% | +6.65pp | #87 |
| 2007 | 2.76% | −0.08pp | #31 |
| 2006 | 2.84% | −1.04pp | #26 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's interest payments to revenue was 1.52% in 2020. Ranked 20th globally. This represents a 55.9% decrease from the previous year.
Bhutan's interest payments to revenue peaked at 9.41% in 2008.
The lowest interest payments to revenue in Bhutan was 0.04% in 1988.
Bhutan ranks 20th globally in interest payments to revenue as of 2020.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
The interest payments to revenue of Bhutan in 2020 was 1.52%. This ranks 20th in the world.
Cite this page
@misc{historysaid_bhutan_interest-to-revenue,
title = {Bhutan Interest Payments to Revenue},
url = {https://historysaid.com/bhutan/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}