Gross domestic product (GDP) in Bhutan
Bhutan: Gross domestic product (GDP) was 11.34 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
11.34 billion international-$ in 2021 prices
Change on year
up 6.6%
World rank
154th
of 184 countries
All-time high
11.34 billion international-$ in 2021 prices
in 2023
All-time low
654.06 million international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Bhutan, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Bhutan stood at 11.34 billion international-$ in 2021 prices. That is the highest value across all 54 years on record.
The figure is up 6.6% on the previous year and up 60.3% over ten years.
Over the whole period, gross domestic product (gdp) in Bhutan peaked at 11.34 billion international-$ in 2021 prices in 2023 and was at its lowest, 654.06 million international-$ in 2021 prices, in 1970.
Bhutan ranks 154th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Bhutan, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 654.06 million international-$ in 2021 prices | — |
| 1971 | 671.47 million international-$ in 2021 prices | +2.7% |
| 1972 | 679.39 million international-$ in 2021 prices | +1.2% |
| 1973 | 689.84 million international-$ in 2021 prices | +1.5% |
| 1974 | 723.84 million international-$ in 2021 prices | +4.9% |
| 1975 | 700.62 million international-$ in 2021 prices | -3.2% |
| 1976 | 765.97 million international-$ in 2021 prices | +9.3% |
| 1977 | 818.83 million international-$ in 2021 prices | +6.9% |
| 1978 | 884.51 million international-$ in 2021 prices | +8.0% |
| 1979 | 937.34 million international-$ in 2021 prices | +6.0% |
| 1980 | 938.86 million international-$ in 2021 prices | +0.2% |
| 1981 | 1.11 billion international-$ in 2021 prices | +18.2% |
| 1982 | 1.16 billion international-$ in 2021 prices | +4.5% |
| 1983 | 1.31 billion international-$ in 2021 prices | +12.7% |
| 1984 | 1.33 billion international-$ in 2021 prices | +1.9% |
| 1985 | 1.38 billion international-$ in 2021 prices | +4.0% |
| 1986 | 1.48 billion international-$ in 2021 prices | +6.7% |
| 1987 | 1.53 billion international-$ in 2021 prices | +3.8% |
| 1988 | 1.62 billion international-$ in 2021 prices | +5.7% |
| 1989 | 1.66 billion international-$ in 2021 prices | +2.7% |
| 1990 | 1.73 billion international-$ in 2021 prices | +4.0% |
| 1991 | 1.78 billion international-$ in 2021 prices | +3.1% |
| 1992 | 1.98 billion international-$ in 2021 prices | +10.8% |
| 1993 | 1.86 billion international-$ in 2021 prices | -6.1% |
| 1994 | 1.86 billion international-$ in 2021 prices | +0.4% |
| 1995 | 1.90 billion international-$ in 2021 prices | +2.2% |
| 1996 | 2.06 billion international-$ in 2021 prices | +8.1% |
| 1997 | 2.37 billion international-$ in 2021 prices | +15.4% |
| 1998 | 2.51 billion international-$ in 2021 prices | +5.5% |
| 1999 | 2.93 billion international-$ in 2021 prices | +16.8% |
| 2000 | 3.07 billion international-$ in 2021 prices | +4.9% |
| 2001 | 3.30 billion international-$ in 2021 prices | +7.6% |
| 2002 | 3.72 billion international-$ in 2021 prices | +12.7% |
| 2003 | 4.12 billion international-$ in 2021 prices | +10.7% |
| 2004 | 4.70 billion international-$ in 2021 prices | +13.9% |
| 2005 | 4.64 billion international-$ in 2021 prices | -1.2% |
| 2006 | 4.62 billion international-$ in 2021 prices | -0.4% |
| 2007 | 4.77 billion international-$ in 2021 prices | +3.3% |
| 2008 | 5.40 billion international-$ in 2021 prices | +13.1% |
| 2009 | 5.87 billion international-$ in 2021 prices | +8.7% |
| 2010 | 6.94 billion international-$ in 2021 prices | +18.1% |
| 2011 | 7.60 billion international-$ in 2021 prices | +9.5% |
| 2012 | 8.07 billion international-$ in 2021 prices | +6.1% |
| 2013 | 7.07 billion international-$ in 2021 prices | -12.3% |
| 2014 | 7.89 billion international-$ in 2021 prices | +11.5% |
| 2015 | 8.90 billion international-$ in 2021 prices | +12.9% |
| 2016 | 9.85 billion international-$ in 2021 prices | +10.6% |
| 2017 | 10.09 billion international-$ in 2021 prices | +2.5% |
| 2018 | 10.04 billion international-$ in 2021 prices | -0.5% |
| 2019 | 10.89 billion international-$ in 2021 prices | +8.5% |
| 2020 | 10.38 billion international-$ in 2021 prices | -4.6% |
| 2021 | 10.80 billion international-$ in 2021 prices | +4.0% |
| 2022 | 10.63 billion international-$ in 2021 prices | -1.5% |
| 2023 | 11.34 billion international-$ in 2021 prices | +6.6% |
Bhutan compared with similar countries
- Bhutan's 11.34 billion international-$ in 2021 prices is below the median for lower middle income countries, which is 72.56 billion international-$ in 2021 prices, 16% of the median. (42 countries reporting)
- Bhutan's 11.34 billion international-$ in 2021 prices is below the median for South Asia, which is 221.76 billion international-$ in 2021 prices, 5% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 752.59 million international-$ in 2021 prices | 654.06 million international-$ in 2021 prices | 937.34 million international-$ in 2021 prices | 10 |
| 1980s | 1.35 billion international-$ in 2021 prices | 938.86 million international-$ in 2021 prices | 1.66 billion international-$ in 2021 prices | 10 |
| 1990s | 2.10 billion international-$ in 2021 prices | 1.73 billion international-$ in 2021 prices | 2.93 billion international-$ in 2021 prices | 10 |
| 2000s | 4.42 billion international-$ in 2021 prices | 3.07 billion international-$ in 2021 prices | 5.87 billion international-$ in 2021 prices | 10 |
| 2010s | 8.73 billion international-$ in 2021 prices | 6.94 billion international-$ in 2021 prices | 10.89 billion international-$ in 2021 prices | 10 |
| 2020s | 10.79 billion international-$ in 2021 prices | 10.38 billion international-$ in 2021 prices | 11.34 billion international-$ in 2021 prices | 4 |
Countries ranked near Bhutan
- 151 Bahamas 13.74 billion international-$ in 2021 prices compare
- 152 Burundi 13.56 billion international-$ in 2021 prices compare
- 153 Fiji 12.86 billion international-$ in 2021 prices compare
- 155 Eswatini 11.03 billion international-$ in 2021 prices compare
- 156 Suriname 10.47 billion international-$ in 2021 prices compare
- 157 Maldives 9.75 billion international-$ in 2021 prices 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$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Bhutan?
- Gross domestic product (gdp) in Bhutan was 11.34 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Bhutan?
- The highest recorded value was 11.34 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Bhutan?
- The lowest recorded value was 654.06 million international-$ in 2021 prices in 1970.
- How does Bhutan rank for gross domestic product (gdp)?
- Bhutan ranks 154th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Bhutan?
- Over the last ten years it is up 60.3%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.