Gross fixed capital formation in Bhutan
Bhutan: Gross fixed capital formation was 1.41 billion current US$ in 2024. ◆ Volatile
Latest (2024)
1.41 billion current US$
Change on year
up 4.9%
World rank
148th
of 181 countries
All-time high
1.60 billion current US$
in 2022
All-time low
42.27 million current US$
in 1980
Years of data
45
1980–2024
Gross fixed capital formation in Bhutan, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Bhutan recorded 1.41 billion current US$ for gross fixed capital formation in 2024.
The figure is up 4.9% on the previous year and up 23.6% over ten years.
Over the whole period, gross fixed capital formation in Bhutan peaked at 1.60 billion current US$ in 2022 and was at its lowest, 42.27 million current US$, in 1980.
Bhutan ranks 148th of 181 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Bhutan, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 42.27 million current US$ | — |
| 1981 | 47.97 million current US$ | +13.5% |
| 1982 | 52.30 million current US$ | +9.0% |
| 1983 | 64.08 million current US$ | +22.5% |
| 1984 | 61.40 million current US$ | -4.2% |
| 1985 | 74.33 million current US$ | +21.1% |
| 1986 | 81.70 million current US$ | +9.9% |
| 1987 | 90.16 million current US$ | +10.4% |
| 1988 | 108.36 million current US$ | +20.2% |
| 1989 | 96.98 million current US$ | -10.5% |
| 1990 | 67.77 million current US$ | -30.1% |
| 1991 | 82.62 million current US$ | +21.9% |
| 1992 | 97.99 million current US$ | +18.6% |
| 1993 | 97.01 million current US$ | -1.0% |
| 1994 | 110.90 million current US$ | +14.3% |
| 1995 | 122.93 million current US$ | +10.8% |
| 1996 | 114.56 million current US$ | -6.8% |
| 1997 | 115.10 million current US$ | +0.5% |
| 1998 | 124.20 million current US$ | +7.9% |
| 1999 | 159.86 million current US$ | +28.7% |
| 2000 | 241.21 million current US$ | +50.9% |
| 2001 | 308.77 million current US$ | +28.0% |
| 2002 | 379.99 million current US$ | +23.1% |
| 2003 | 433.63 million current US$ | +14.1% |
| 2004 | 506.91 million current US$ | +16.9% |
| 2005 | 530.95 million current US$ | +4.7% |
| 2006 | 455.17 million current US$ | -14.3% |
| 2007 | 505.13 million current US$ | +11.0% |
| 2008 | 595.84 million current US$ | +18.0% |
| 2009 | 662.67 million current US$ | +11.2% |
| 2010 | 1.07 billion current US$ | +61.8% |
| 2011 | 1.34 billion current US$ | +25.1% |
| 2012 | 1.36 billion current US$ | +1.8% |
| 2013 | 1.23 billion current US$ | -9.8% |
| 2014 | 1.14 billion current US$ | -7.3% |
| 2015 | 1.23 billion current US$ | +7.6% |
| 2016 | 1.34 billion current US$ | +9.2% |
| 2017 | 1.41 billion current US$ | +4.8% |
| 2018 | 1.38 billion current US$ | -1.5% |
| 2019 | 1.25 billion current US$ | -9.5% |
| 2020 | 947.91 million current US$ | -24.3% |
| 2021 | 1.22 billion current US$ | +28.5% |
| 2022 | 1.60 billion current US$ | +31.1% |
| 2023 | 1.34 billion current US$ | -15.9% |
| 2024 | 1.41 billion current US$ | +4.9% |
Bhutan compared with similar countries
- Bhutan's 1.41 billion current US$ is below the median for lower middle income countries, which is 5.47 billion current US$, 26% of the median. (45 countries reporting)
- Bhutan's 1.41 billion current US$ is below the median for South Asia, which is 16.66 billion current US$, 8% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 71.95 million current US$ | 42.27 million current US$ | 108.36 million current US$ | 10 |
| 1990s | 109.29 million current US$ | 67.77 million current US$ | 159.86 million current US$ | 10 |
| 2000s | 462.03 million current US$ | 241.21 million current US$ | 662.67 million current US$ | 10 |
| 2010s | 1.28 billion current US$ | 1.07 billion current US$ | 1.41 billion current US$ | 10 |
| 2020s | 1.30 billion current US$ | 947.91 million current US$ | 1.60 billion current US$ | 5 |
Countries ranked near Bhutan
- 145 New Caledonia 1.89 billion current US$ compare
- 146 Sierra Leone 1.73 billion current US$ compare
- 147 Suriname 1.64 billion current US$ compare
- 149 French Polynesia 1.39 billion current US$ compare
- 150 Yemen 1.33 billion current US$ compare
- 151 Fiji 1.20 billion 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$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Bhutan?
- Gross fixed capital formation in Bhutan was 1.41 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Bhutan?
- The highest recorded value was 1.60 billion current US$ in 2022.
- What is the lowest gross fixed capital formation recorded in Bhutan?
- The lowest recorded value was 42.27 million current US$ in 1980.
- How does Bhutan rank for gross fixed capital formation?
- Bhutan ranks 148th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Bhutan?
- Over the last ten years it is up 23.6%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.