Annual GDP growth in Bhutan
Bhutan: Annual GDP growth was 4.6% in 2023. ◆ Volatile
Latest (2023)
4.6%
Change on year
down 11.2%
World rank
47th
of 196 countries
All-time high
16.1%
in 2007
All-time low
-10.2%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Bhutan, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Bhutan recorded 4.6% for annual gdp growth in 2023.
Compared with earlier readings it is down 11.2% on the previous year and up 166.8% over ten years.
Over the whole period, annual gdp growth in Bhutan peaked at 16.1% in 2007 and was at its lowest, -10.2%, in 2020.
That places Bhutan 47th out of 196 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Bhutan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.4% | — |
| 2001 | 7.3% | +118.4% |
| 2002 | 10.4% | +42.5% |
| 2003 | 7.8% | -25.4% |
| 2004 | 5.2% | -33.8% |
| 2005 | 6.9% | +34.5% |
| 2006 | 5.6% | -18.7% |
| 2007 | 16.1% | +185.5% |
| 2008 | 4.5% | -71.9% |
| 2009 | 7.7% | +69.3% |
| 2010 | 11.9% | +55.6% |
| 2011 | 8.5% | -28.9% |
| 2012 | 5.2% | -39.2% |
| 2013 | 1.7% | -66.4% |
| 2014 | 5.9% | +238.7% |
| 2015 | 6.7% | +13.3% |
| 2016 | 8.5% | +27.3% |
| 2017 | 2.1% | -75.4% |
| 2018 | 3.5% | +67.8% |
| 2019 | 5.8% | +64.3% |
| 2020 | -10.2% | -277.6% |
| 2021 | 4.4% | -143.3% |
| 2022 | 5.2% | +17.9% |
| 2023 | 4.6% | -11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.5% | 3.4% | 16.1% | 10 |
| 2010s | 6.0% | 1.7% | 11.9% | 10 |
| 2020s | 1.0% | -10.2% | 5.2% | 4 |
Countries ranked near Bhutan
More economy & growth data for Bhutan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.11 Percent per annum (2029)
- GNI, Atlas method (current US$), annual growth rate 10.88 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9591 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 4,309 current US$ per person (2025)
- GNI (current US$), annual growth rate 7.21 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9453 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 4,247 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.68 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 82.39 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Bhutan?
- Annual gdp growth in Bhutan was 4.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Bhutan?
- The highest recorded value was 16.1% in 2007.
- What is the lowest annual gdp growth recorded in Bhutan?
- The lowest recorded value was -10.2% in 2020.
- How does Bhutan rank for annual gdp growth?
- Bhutan ranks 47th out of 196 countries with data for 2023.
- Is annual gdp growth rising or falling in Bhutan?
- Over the last ten years it is up 166.8%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).