Gross Domestic Product — Value Standard Local Currency in Bhutan
Bhutan: Gross Domestic Product — Value Standard Local Currency was 271,544 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Bhutan, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Bhutan recorded 271,544 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 8.9% on the previous year and up 113.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Bhutan peaked at 271,544 million SLC in 2024 and was at its lowest, 463.32 million SLC, in 1970.
Bhutan ranks 131st of 218 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.
Gross Domestic Product — Value Standard Local Currency in Bhutan, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 463.32 million SLC | — |
| 1971 | 496.93 million SLC | +7.3% |
| 1972 | 532.36 million SLC | +7.1% |
| 1973 | 610.49 million SLC | +14.7% |
| 1974 | 752.21 million SLC | +23.2% |
| 1975 | 726.77 million SLC | -3.4% |
| 1976 | 792.18 million SLC | +9.0% |
| 1977 | 854.87 million SLC | +7.9% |
| 1978 | 770.38 million SLC | -9.9% |
| 1979 | 855.77 million SLC | +11.1% |
| 1980 | 1,011 million SLC | +18.2% |
| 1981 | 1,253 million SLC | +23.9% |
| 1982 | 1,439 million SLC | +14.8% |
| 1983 | 1,725 million SLC | +19.9% |
| 1984 | 1,907 million SLC | +10.5% |
| 1985 | 2,130 million SLC | +11.7% |
| 1986 | 2,570 million SLC | +20.6% |
| 1987 | 3,179 million SLC | +23.7% |
| 1988 | 3,683 million SLC | +15.8% |
| 1989 | 4,125 million SLC | +12.0% |
| 1990 | 4,789 million SLC | +16.1% |
| 1991 | 5,302 million SLC | +10.7% |
| 1992 | 6,083 million SLC | +14.7% |
| 1993 | 6,735 million SLC | +10.7% |
| 1994 | 8,143 million SLC | +20.9% |
| 1995 | 9,376 million SLC | +15.1% |
| 1996 | 10,830 million SLC | +15.5% |
| 1997 | 13,095 million SLC | +20.9% |
| 1998 | 15,230 million SLC | +16.3% |
| 1999 | 17,934 million SLC | +17.8% |
| 2000 | 20,706 million SLC | +15.5% |
| 2001 | 23,410 million SLC | +13.1% |
| 2002 | 27,190 million SLC | +16.1% |
| 2003 | 30,369 million SLC | +11.7% |
| 2004 | 33,323 million SLC | +9.7% |
| 2005 | 37,943 million SLC | +13.9% |
| 2006 | 42,719 million SLC | +12.6% |
| 2007 | 51,924 million SLC | +21.5% |
| 2008 | 57,319 million SLC | +10.4% |
| 2009 | 64,444 million SLC | +12.4% |
| 2010 | 78,140 million SLC | +21.3% |
| 2011 | 92,302 million SLC | +18.1% |
| 2012 | 105,452 million SLC | +14.2% |
| 2013 | 113,896 million SLC | +8.0% |
| 2014 | 127,496 million SLC | +11.9% |
| 2015 | 140,353 million SLC | +10.1% |
| 2016 | 158,413 million SLC | +12.9% |
| 2017 | 168,753 million SLC | +6.5% |
| 2018 | 176,673 million SLC | +4.7% |
| 2019 | 192,648 million SLC | +9.0% |
| 2020 | 182,107 million SLC | -5.5% |
| 2021 | 204,664 million SLC | +12.4% |
| 2022 | 227,814 million SLC | +11.3% |
| 2023 | 249,388 million SLC | +9.5% |
| 2024 | 271,544 million SLC | +8.9% |
Bhutan compared with similar countries
- Bhutan's 271,544 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 18% of the median. (43 countries reporting)
- Bhutan's 271,544 million SLC is below the median for South Asia, which is 17.91 million million SLC, 2% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 685.53 million SLC | 463.32 million SLC | 855.77 million SLC | 10 |
| 1980s | 2,302 million SLC | 1,011 million SLC | 4,125 million SLC | 10 |
| 1990s | 9,752 million SLC | 4,789 million SLC | 17,934 million SLC | 10 |
| 2000s | 38,935 million SLC | 20,706 million SLC | 64,444 million SLC | 10 |
| 2010s | 135,413 million SLC | 78,140 million SLC | 192,648 million SLC | 10 |
| 2020s | 227,103 million SLC | 182,107 million SLC | 271,544 million SLC | 5 |
Countries ranked near Bhutan
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 — value standard local currency in Bhutan?
- Gross domestic product — value standard local currency in Bhutan was 271,544 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Bhutan?
- The highest recorded value was 271,544 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Bhutan?
- The lowest recorded value was 463.32 million SLC in 1970.
- How does Bhutan rank for gross domestic product — value standard local currency?
- Bhutan ranks 131st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Bhutan?
- Over the last ten years it is up 113.0%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).