Gross capital formation in Bhutan
Bhutan: Gross capital formation was 1.40 billion constant 2015 US$ in 2024. ◆ Volatile
Latest (2024)
1.40 billion constant 2015 US$
Change on year
up 5.3%
World rank
136th
of 163 countries
All-time high
1.52 billion constant 2015 US$
in 2022
All-time low
135.37 million constant 2015 US$
in 1991
Years of data
35
1990–2024
Gross capital formation in Bhutan, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in Bhutan is 1.40 billion constant 2015 US$, measured in 2024.
The figure is up 5.3% on the previous year and up 32.1% over ten years.
Over the whole period, gross capital formation in Bhutan peaked at 1.52 billion constant 2015 US$ in 2022 and was at its lowest, 135.37 million constant 2015 US$, in 1991.
That places Bhutan 136th out of 163 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Bhutan, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 153.62 million constant 2015 US$ | — |
| 1991 | 135.37 million constant 2015 US$ | -11.9% |
| 1992 | 180.85 million constant 2015 US$ | +33.6% |
| 1993 | 214.12 million constant 2015 US$ | +18.4% |
| 1994 | 265.33 million constant 2015 US$ | +23.9% |
| 1995 | 250.95 million constant 2015 US$ | -5.4% |
| 1996 | 241.84 million constant 2015 US$ | -3.6% |
| 1997 | 246.44 million constant 2015 US$ | +1.9% |
| 1998 | 245.00 million constant 2015 US$ | -0.6% |
| 1999 | 308.54 million constant 2015 US$ | +25.9% |
| 2000 | 390.17 million constant 2015 US$ | +26.5% |
| 2001 | 481.75 million constant 2015 US$ | +23.5% |
| 2002 | 609.51 million constant 2015 US$ | +26.5% |
| 2003 | 614.50 million constant 2015 US$ | +0.8% |
| 2004 | 647.81 million constant 2015 US$ | +5.4% |
| 2005 | 624.96 million constant 2015 US$ | -3.5% |
| 2006 | 576.03 million constant 2015 US$ | -7.8% |
| 2007 | 495.76 million constant 2015 US$ | -13.9% |
| 2008 | 631.48 million constant 2015 US$ | +27.4% |
| 2009 | 797.11 million constant 2015 US$ | +26.2% |
| 2010 | 1.15 billion constant 2015 US$ | +44.2% |
| 2011 | 1.29 billion constant 2015 US$ | +12.0% |
| 2012 | 1.33 billion constant 2015 US$ | +3.3% |
| 2013 | 1.15 billion constant 2015 US$ | -13.3% |
| 2014 | 1.06 billion constant 2015 US$ | -8.2% |
| 2015 | 1.23 billion constant 2015 US$ | +16.5% |
| 2016 | 1.37 billion constant 2015 US$ | +11.1% |
| 2017 | 1.35 billion constant 2015 US$ | -1.4% |
| 2018 | 1.35 billion constant 2015 US$ | -0.5% |
| 2019 | 1.25 billion constant 2015 US$ | -7.4% |
| 2020 | 973.91 million constant 2015 US$ | -21.8% |
| 2021 | 1.17 billion constant 2015 US$ | +20.0% |
| 2022 | 1.52 billion constant 2015 US$ | +30.1% |
| 2023 | 1.33 billion constant 2015 US$ | -12.5% |
| 2024 | 1.40 billion constant 2015 US$ | +5.3% |
Bhutan compared with similar countries
- Bhutan's 1.40 billion constant 2015 US$ is below the median for lower middle income countries, which is 5.34 billion constant 2015 US$, 26% of the median. (42 countries reporting)
- Bhutan's 1.40 billion constant 2015 US$ is below the median for South Asia, which is 18.15 billion constant 2015 US$, 8% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 224.20 million constant 2015 US$ | 135.37 million constant 2015 US$ | 308.54 million constant 2015 US$ | 10 |
| 2000s | 586.91 million constant 2015 US$ | 390.17 million constant 2015 US$ | 797.11 million constant 2015 US$ | 10 |
| 2010s | 1.25 billion constant 2015 US$ | 1.06 billion constant 2015 US$ | 1.37 billion constant 2015 US$ | 10 |
| 2020s | 1.28 billion constant 2015 US$ | 973.91 million constant 2015 US$ | 1.52 billion constant 2015 US$ | 5 |
Countries ranked near Bhutan
- 133 Sierra Leone 2.27 billion constant 2015 US$ compare
- 134 Yemen 2.16 billion constant 2015 US$ compare
- 135 Montenegro 1.69 billion constant 2015 US$ compare
- 137 Greenland 1.04 billion constant 2015 US$ compare
- 138 Maldives 948.67 million constant 2015 US$ compare
- 139 Lesotho 876.02 million constant 2015 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$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Bhutan?
- Gross capital formation in Bhutan was 1.40 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Bhutan?
- The highest recorded value was 1.52 billion constant 2015 US$ in 2022.
- What is the lowest gross capital formation recorded in Bhutan?
- The lowest recorded value was 135.37 million constant 2015 US$ in 1991.
- How does Bhutan rank for gross capital formation?
- Bhutan ranks 136th out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Bhutan?
- Over the last ten years it is up 32.1%. 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 Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 is 2015. This indicator is expressed in United States dollars.