External balance on goods and services in Bhutan
Bhutan: External balance on goods and services was -547.93 million current US$ in 2024. ◆ Volatile
External balance on goods and services in Bhutan, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, external balance on goods and services in Bhutan stood at -547.93 million current US$.
That represents a change of up 27.1% on the previous year and down 34.1% over ten years.
Over the whole period, external balance on goods and services in Bhutan peaked at -14.73 million current US$ in 1995 and was at its lowest, -1.00 billion current US$, in 2022.
Bhutan ranks 107th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Bhutan, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | -32.62 million current US$ | — |
| 1981 | -47.73 million current US$ | +46.3% |
| 1982 | -50.66 million current US$ | +6.1% |
| 1983 | -55.83 million current US$ | +10.2% |
| 1984 | -54.49 million current US$ | -2.4% |
| 1985 | -62.25 million current US$ | +14.2% |
| 1986 | -70.05 million current US$ | +12.5% |
| 1987 | -36.82 million current US$ | -47.4% |
| 1988 | -59.75 million current US$ | +62.3% |
| 1989 | -27.38 million current US$ | -54.2% |
| 1990 | -15.23 million current US$ | -44.4% |
| 1991 | -21.76 million current US$ | +42.8% |
| 1992 | -59.99 million current US$ | +175.7% |
| 1993 | -29.46 million current US$ | -50.9% |
| 1994 | -26.80 million current US$ | -9.0% |
| 1995 | -14.73 million current US$ | -45.0% |
| 1996 | -32.21 million current US$ | +118.6% |
| 1997 | -37.37 million current US$ | +16.0% |
| 1998 | -61.51 million current US$ | +64.6% |
| 1999 | -82.08 million current US$ | +33.4% |
| 2000 | -83.04 million current US$ | +1.2% |
| 2001 | -102.25 million current US$ | +23.1% |
| 2002 | -136.72 million current US$ | +33.7% |
| 2003 | -157.35 million current US$ | +15.1% |
| 2004 | -218.82 million current US$ | +39.1% |
| 2005 | -214.53 million current US$ | -2.0% |
| 2006 | -42.73 million current US$ | -80.1% |
| 2007 | -27.81 million current US$ | -34.9% |
| 2008 | -115.37 million current US$ | +314.8% |
| 2009 | -221.36 million current US$ | +91.9% |
| 2010 | -448.35 million current US$ | +102.5% |
| 2011 | -532.98 million current US$ | +18.9% |
| 2012 | -443.40 million current US$ | -16.8% |
| 2013 | -392.31 million current US$ | -11.5% |
| 2014 | -408.53 million current US$ | +4.1% |
| 2015 | -581.24 million current US$ | +42.3% |
| 2016 | -521.93 million current US$ | -10.2% |
| 2017 | -515.57 million current US$ | -1.2% |
| 2018 | -551.81 million current US$ | +7.0% |
| 2019 | -361.34 million current US$ | -34.5% |
| 2020 | -385.82 million current US$ | +6.8% |
| 2021 | -531.19 million current US$ | +37.7% |
| 2022 | -1.00 billion current US$ | +88.6% |
| 2023 | -752.03 million current US$ | -24.9% |
| 2024 | -547.93 million current US$ | -27.1% |
Bhutan compared with similar countries
- Bhutan's -547.93 million current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 33% of the median. (45 countries reporting)
- Bhutan's -547.93 million current US$ is above the median for South Asia, which is -7.77 billion current US$, 7% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -314.8% | -27.81 million current US$ | -115.37 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -49.76 million current US$ | -70.05 million current US$ | -27.38 million current US$ | 10 |
| 1990s | -38.11 million current US$ | -82.08 million current US$ | -14.73 million current US$ | 10 |
| 2000s | -132.00 million current US$ | -221.36 million current US$ | -27.81 million current US$ | 10 |
| 2010s | -475.75 million current US$ | -581.24 million current US$ | -361.34 million current US$ | 10 |
| 2020s | -643.80 million current US$ | -1.00 billion current US$ | -385.82 million current US$ | 5 |
Countries ranked near Bhutan
- 104 Niger -515.62 million current US$ compare
- 105 Northern Mariana Islands -533.00 million current US$ compare
- 106 Sierra Leone -545.92 million current US$ compare
- 108 Bahamas -581.90 million current US$ compare
- 109 Fiji -605.83 million current US$ compare
- 110 Benin -739.95 million current US$ 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$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Bhutan?
- External balance on goods and services in Bhutan was -547.93 million current US$ 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 -14.73 million current US$ in 1995.
- What is the lowest external balance on goods and services recorded in Bhutan?
- The lowest recorded value was -1.00 billion current US$ in 2022.
- How does Bhutan rank for external balance on goods and services?
- Bhutan ranks 107th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Bhutan?
- Over the last ten years it is down 34.1%. The long-run trend across the full record is volatile.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.