Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Bhutan
Bhutan: Gross value added at basic prices (GVA) (constant) … unit GDP 2015 was 0.857 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Bhutan, 1980–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, gross value added at basic prices (gva) (constant 2015 us$), per unit in Bhutan stood at 0.857 constant 2015 US$ per US$ of GDP. That is the lowest value across all 45 years on record.
The figure is down 3.2% on the previous year and down 5.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Bhutan peaked at 2.11 constant 2015 US$ per US$ of GDP in 1993 and was at its lowest, 0.857 constant 2015 US$ per US$ of GDP, in 2024.
That places Bhutan 37th out of 193 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 45 years of available data.
Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Bhutan, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1980 | 1.36 constant 2015 US$ per US$ of GDP | — |
| 1981 | 1.43 constant 2015 US$ per US$ of GDP | +5.5% |
| 1982 | 1.46 constant 2015 US$ per US$ of GDP | +1.8% |
| 1983 | 1.46 constant 2015 US$ per US$ of GDP | +0.0% |
| 1984 | 1.48 constant 2015 US$ per US$ of GDP | +1.7% |
| 1985 | 1.53 constant 2015 US$ per US$ of GDP | +3.1% |
| 1986 | 1.47 constant 2015 US$ per US$ of GDP | -4.2% |
| 1987 | 1.48 constant 2015 US$ per US$ of GDP | +0.9% |
| 1988 | 1.39 constant 2015 US$ per US$ of GDP | -6.2% |
| 1989 | 1.54 constant 2015 US$ per US$ of GDP | +11.1% |
| 1990 | 1.56 constant 2015 US$ per US$ of GDP | +1.2% |
| 1991 | 1.86 constant 2015 US$ per US$ of GDP | +19.1% |
| 1992 | 1.94 constant 2015 US$ per US$ of GDP | +4.8% |
| 1993 | 2.11 constant 2015 US$ per US$ of GDP | +8.6% |
| 1994 | 1.9 constant 2015 US$ per US$ of GDP | -9.9% |
| 1995 | 1.83 constant 2015 US$ per US$ of GDP | -4.0% |
| 1996 | 1.85 constant 2015 US$ per US$ of GDP | +1.5% |
| 1997 | 1.67 constant 2015 US$ per US$ of GDP | -9.9% |
| 1998 | 1.72 constant 2015 US$ per US$ of GDP | +2.9% |
| 1999 | 1.69 constant 2015 US$ per US$ of GDP | -1.7% |
| 2000 | 1.59 constant 2015 US$ per US$ of GDP | -6.0% |
| 2001 | 1.58 constant 2015 US$ per US$ of GDP | -0.3% |
| 2002 | 1.53 constant 2015 US$ per US$ of GDP | -3.4% |
| 2003 | 1.41 constant 2015 US$ per US$ of GDP | -7.5% |
| 2004 | 1.31 constant 2015 US$ per US$ of GDP | -7.7% |
| 2005 | 1.2 constant 2015 US$ per US$ of GDP | -8.4% |
| 2006 | 1.16 constant 2015 US$ per US$ of GDP | -3.2% |
| 2007 | 1.01 constant 2015 US$ per US$ of GDP | -12.4% |
| 2008 | 1.01 constant 2015 US$ per US$ of GDP | -0.4% |
| 2009 | 1.08 constant 2015 US$ per US$ of GDP | +6.9% |
| 2010 | 0.926 constant 2015 US$ per US$ of GDP | -14.2% |
| 2011 | 0.8629 constant 2015 US$ per US$ of GDP | -6.8% |
| 2012 | 0.892 constant 2015 US$ per US$ of GDP | +3.4% |
| 2013 | 0.9291 constant 2015 US$ per US$ of GDP | +4.2% |
| 2014 | 0.9102 constant 2015 US$ per US$ of GDP | -2.0% |
| 2015 | 0.9421 constant 2015 US$ per US$ of GDP | +3.5% |
| 2016 | 0.9448 constant 2015 US$ per US$ of GDP | +0.3% |
| 2017 | 0.8914 constant 2015 US$ per US$ of GDP | -5.7% |
| 2018 | 0.9189 constant 2015 US$ per US$ of GDP | +3.1% |
| 2019 | 0.9291 constant 2015 US$ per US$ of GDP | +1.1% |
| 2020 | 0.9462 constant 2015 US$ per US$ of GDP | +1.8% |
| 2021 | 0.8779 constant 2015 US$ per US$ of GDP | -7.2% |
| 2022 | 0.8831 constant 2015 US$ per US$ of GDP | +0.6% |
| 2023 | 0.8849 constant 2015 US$ per US$ of GDP | +0.2% |
| 2024 | 0.857 constant 2015 US$ per US$ of GDP | -3.2% |
Bhutan compared with similar countries
- Bhutan's 0.857 constant 2015 US$ per US$ of GDP is above the median for lower middle income countries, which is 0.7541 constant 2015 US$ per US$ of GDP, 1.1× the median. (46 countries reporting)
- Bhutan's 0.857 constant 2015 US$ per US$ of GDP is above the median for South Asia, which is 0.7985 constant 2015 US$ per US$ of GDP, 1.1× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.46 constant 2015 US$ per US$ of GDP | 1.36 constant 2015 US$ per US$ of GDP | 1.54 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 1.81 constant 2015 US$ per US$ of GDP | 1.56 constant 2015 US$ per US$ of GDP | 2.11 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 1.29 constant 2015 US$ per US$ of GDP | 1.01 constant 2015 US$ per US$ of GDP | 1.59 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.9146 constant 2015 US$ per US$ of GDP | 0.8629 constant 2015 US$ per US$ of GDP | 0.9448 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.8898 constant 2015 US$ per US$ of GDP | 0.857 constant 2015 US$ per US$ of GDP | 0.9462 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Bhutan
- 34 Panama 0.8647 constant 2015 US$ per US$ of GDP compare
- 35 Indonesia 0.862 constant 2015 US$ per US$ of GDP compare
- 36 Lesotho 0.8589 constant 2015 US$ per US$ of GDP compare
- 38 Kuwait 0.8558 constant 2015 US$ per US$ of GDP compare
- 39 Sint Maarten (Dutch part) 0.8536 constant 2015 US$ per US$ of GDP compare
- 40 India 0.8529 constant 2015 US$ per US$ of GDP 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)
- SDRs holdings, US dollar, annual growth rate 5.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.01 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 45.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5765 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 32.91 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0061 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Bhutan?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Bhutan was 0.857 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Bhutan?
- The highest recorded value was 2.11 constant 2015 US$ per US$ of GDP in 1993.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Bhutan?
- The lowest recorded value was 0.857 constant 2015 US$ per US$ of GDP in 2024.
- How does Bhutan rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Bhutan ranks 37th out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Bhutan?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is falling.
- Where does this Bhutan data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.