Annual gdp growth in Bhutan
Bhutan: Annual gdp growth was 4.63 in 2023. ◆ Volatile
Latest (2023)
4.63
Change on year
down 11.1%
World rank
54th
of 212 countries
All-time high
16.1
in 2007
All-time low
-10.22
in 2020
Years of data
24
2000–2023
Annual gdp growth in Bhutan, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Bhutan stood at 4.63.
That represents a change of down 11.1% on the previous year and up 166.1% over ten years.
Over the whole period, annual gdp growth in Bhutan peaked at 16.1 in 2007 and was at its lowest, -10.22, in 2020.
That places Bhutan 54th out of 212 countries with data for 2023, putting it in the middle of the range.
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 | 3.36 | — |
| 2001 | 7.33 | +118.2% |
| 2002 | 10.44 | +42.4% |
| 2003 | 7.79 | -25.4% |
| 2004 | 5.16 | -33.8% |
| 2005 | 6.94 | +34.5% |
| 2006 | 5.64 | -18.7% |
| 2007 | 16.1 | +185.5% |
| 2008 | 4.53 | -71.9% |
| 2009 | 7.67 | +69.3% |
| 2010 | 11.93 | +55.5% |
| 2011 | 8.49 | -28.8% |
| 2012 | 5.16 | -39.2% |
| 2013 | 1.74 | -66.3% |
| 2014 | 5.88 | +237.9% |
| 2015 | 6.66 | +13.3% |
| 2016 | 8.48 | +27.3% |
| 2017 | 2.09 | -75.4% |
| 2018 | 3.5 | +67.5% |
| 2019 | 5.76 | +64.6% |
| 2020 | -10.22 | -277.4% |
| 2021 | 4.42 | -143.2% |
| 2022 | 5.21 | +17.9% |
| 2023 | 4.63 | -11.1% |
Bhutan compared with similar countries
- Bhutan's 4.63 is above the median for lower middle income countries, which is 3.8, 1.2× the median. (47 countries reporting)
- Bhutan's 4.63 is above the median for South Asia, which is 4.42, 1.0× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.5 | 3.36 | 16.1 | 10 |
| 2010s | 5.97 | 1.74 | 11.93 | 10 |
| 2020s | 1.01 | -10.22 | 5.21 | 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 4.63 in 2023, according to Our World in Data.
- 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 -10.22 in 2020.
- How does Bhutan rank for annual gdp growth?
- Bhutan ranks 54th out of 212 countries with data for 2023.
- Is annual gdp growth rising or falling in Bhutan?
- Over the last ten years it is up 166.1%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Our World in Data, 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 CC BY 4.0 (Our World in Data).