External balance on goods and services in Bhutan
Bhutan: External balance on goods and services was -26.21 billion constant LCU in 2024. ▼ Falling
External balance on goods and services in Bhutan, 2017–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Bhutan recorded -26.21 billion constant LCU for external balance on goods and services in 2024.
The figure is up 22.3% on the previous year and up 21.9% over ten years.
Bhutan ranks 99th of 161 countries on this measure, in the middle of the range.
External balance on goods and services in Bhutan, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2017 | -33.57 billion constant LCU | — |
| 2018 | -34.70 billion constant LCU | +3.4% |
| 2019 | -19.33 billion constant LCU | -44.3% |
| 2020 | -24.03 billion constant LCU | +24.3% |
| 2021 | -30.05 billion constant LCU | +25.0% |
| 2022 | -48.05 billion constant LCU | +59.9% |
| 2023 | -33.75 billion constant LCU | -29.8% |
| 2024 | -26.21 billion constant LCU | -22.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -29.20 billion constant LCU | -34.70 billion constant LCU | -19.33 billion constant LCU | 3 |
| 2020s | -32.42 billion constant LCU | -48.05 billion constant LCU | -24.03 billion constant LCU | 5 |
Countries ranked near Bhutan
- 96 United Kingdom of Great Britain and Northern Ireland -20.83 billion constant LCU compare
- 97 Gambia -22.82 billion constant LCU compare
- 98 Peru -24.04 billion constant LCU compare
- 100 Vanuatu -35.09 billion constant LCU compare
- 101 Cape Verde -40.77 billion constant LCU compare
- 102 Argentina -48.32 billion constant LCU 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)
- Net primary income (Net income from abroad) (current LCU), annual -16.2 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.02 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0266 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 112.4 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 6.38 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 2.22 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 9,404 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0081 (2025)
Frequently asked questions
- What is external balance on goods and services in Bhutan?
- External balance on goods and services in Bhutan was -26.21 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Bhutan?
- The highest recorded value was -19.33 billion constant LCU in 2019.
- What is the lowest external balance on goods and services recorded in Bhutan?
- The lowest recorded value was -48.05 billion constant LCU in 2022.
- How does Bhutan rank for external balance on goods and services?
- Bhutan ranks 99th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Bhutan?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is falling.
- Where does this Bhutan data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.