Annual GDP growth (%) in Bhutan
Bhutan: Annual GDP growth (%) was 4.6% in 2023. ◆ Volatile
Annual GDP growth in Bhutan, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 57th out of 230 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 | % | 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% |
Bhutan compared with similar countries
- Bhutan's 4.6% is above the median for lower middle income countries, which is 3.8%, 1.2× the median. (43 countries reporting)
- Bhutan's 4.6% is above the median for South Asia, which is 4.4%, 1.0× the median. (6 countries reporting)
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
- Real gdp growth, annual growth rate 24.04 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.01 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 45.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5765 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 32.91 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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 57th out of 230 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.
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