Annual growth of exports of goods and services in Bhutan
Bhutan: Annual growth of exports of goods and services was 30.7% in 2023. ◆ Volatile
Annual growth of exports of goods and services in Bhutan, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, annual growth of exports of goods and services in Bhutan stood at 30.7%.
Compared with earlier readings it is up 435.6% on the previous year and up 692.4% over ten years.
Over the whole period, annual growth of exports of goods and services in Bhutan peaked at 51.7% in 2006 and was at its lowest, -19.7%, in 2020.
That places Bhutan 16th out of 186 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Bhutan, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.3% | — |
| 2001 | -1.4% | -144.1% |
| 2002 | 2.9% | -302.1% |
| 2003 | 16.3% | +457.5% |
| 2004 | 27.7% | +70.4% |
| 2005 | 34.3% | +23.9% |
| 2006 | 51.7% | +50.4% |
| 2007 | 15.8% | -69.5% |
| 2008 | -9.8% | -162.4% |
| 2009 | -2.4% | -75.7% |
| 2010 | 7.5% | -415.1% |
| 2011 | 3.2% | -57.4% |
| 2012 | -2.4% | -174.9% |
| 2013 | 3.9% | -261.3% |
| 2014 | -5.3% | -236.7% |
| 2015 | -3.2% | -40.0% |
| 2016 | -5.3% | +66.2% |
| 2017 | 6.5% | -222.2% |
| 2018 | 0.3% | -95.9% |
| 2019 | 26.1% | +9817.8% |
| 2020 | -19.7% | -175.3% |
| 2021 | 1.0% | -105.3% |
| 2022 | -9.1% | -980.9% |
| 2023 | 30.7% | -435.6% |
Bhutan compared with similar countries
- Bhutan's 30.7% is above the median for lower middle income countries, which is 2.7%, 11.5× the median. (40 countries reporting)
- Bhutan's 30.7% is above the median for South Asia, which is 9.1%, 3.4× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +9817.8% | 0.3% | 26.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.8% | -9.8% | 51.7% | 10 |
| 2010s | 3.1% | -5.3% | 26.1% | 10 |
| 2020s | 0.7% | -19.7% | 30.7% | 4 |
Countries ranked near Bhutan
- 13 Niger 32.5% compare
- 14 Syrian Arab Republic 30.7% compare
- 14 Syrian Arab Republic 30.7% compare
- 17 Armenia 27.6% compare
- 18 Côte d'Ivoire 25.1% compare
- 18 Côte d'Ivoire 25.1% compare
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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.82 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -72.36 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0008 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 26.59 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.3328 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,495 includes gold, current US$ per person (2025)
- Total reserves minus gold (current US$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Bhutan?
- Annual growth of exports of goods and services in Bhutan was 30.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Bhutan?
- The highest recorded value was 51.7% in 2006.
- What is the lowest annual growth of exports of goods and services recorded in Bhutan?
- The lowest recorded value was -19.7% in 2020.
- How does Bhutan rank for annual growth of exports of goods and services?
- Bhutan ranks 16th out of 186 countries with data for 2023.
- Is annual growth of exports of goods and services rising or falling in Bhutan?
- Over the last ten years it is up 692.4%. 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 growth of exports of goods and services (%). 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).