Gross value added at basic prices (GVA) in Bhutan
Bhutan: Gross value added at basic prices (GVA) was 2.87 billion constant 2015 US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Bhutan, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Bhutan stood at 2.87 billion constant 2015 US$. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 7.6% on the previous year and up 50.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bhutan peaked at 2.87 billion constant 2015 US$ in 2024 and was at its lowest, 174.78 million constant 2015 US$, in 1980.
That places Bhutan 165th out of 194 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Bhutan, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1980 | 174.78 million constant 2015 US$ | — |
| 1981 | 199.41 million constant 2015 US$ | +14.1% |
| 1982 | 206.38 million constant 2015 US$ | +3.5% |
| 1983 | 228.69 million constant 2015 US$ | +10.8% |
| 1984 | 238.07 million constant 2015 US$ | +4.1% |
| 1985 | 249.74 million constant 2015 US$ | +4.9% |
| 1986 | 280.23 million constant 2015 US$ | +12.2% |
| 1987 | 358.81 million constant 2015 US$ | +28.0% |
| 1988 | 377.43 million constant 2015 US$ | +5.2% |
| 1989 | 407.94 million constant 2015 US$ | +8.1% |
| 1990 | 448.51 million constant 2015 US$ | +9.9% |
| 1991 | 445.89 million constant 2015 US$ | -0.6% |
| 1992 | 467.18 million constant 2015 US$ | +4.8% |
| 1993 | 477.18 million constant 2015 US$ | +2.1% |
| 1994 | 492.49 million constant 2015 US$ | +3.2% |
| 1995 | 530.20 million constant 2015 US$ | +7.7% |
| 1996 | 562.03 million constant 2015 US$ | +6.0% |
| 1997 | 587.96 million constant 2015 US$ | +4.6% |
| 1998 | 624.51 million constant 2015 US$ | +6.2% |
| 1999 | 674.69 million constant 2015 US$ | +8.0% |
| 2000 | 731.61 million constant 2015 US$ | +8.4% |
| 2001 | 785.16 million constant 2015 US$ | +7.3% |
| 2002 | 855.46 million constant 2015 US$ | +9.0% |
| 2003 | 922.27 million constant 2015 US$ | +7.8% |
| 2004 | 960.57 million constant 2015 US$ | +4.2% |
| 2005 | 1.03 billion constant 2015 US$ | +7.2% |
| 2006 | 1.09 billion constant 2015 US$ | +6.1% |
| 2007 | 1.27 billion constant 2015 US$ | +16.7% |
| 2008 | 1.33 billion constant 2015 US$ | +4.4% |
| 2009 | 1.44 billion constant 2015 US$ | +8.0% |
| 2010 | 1.58 billion constant 2015 US$ | +10.1% |
| 2011 | 1.71 billion constant 2015 US$ | +7.8% |
| 2012 | 1.76 billion constant 2015 US$ | +3.2% |
| 2013 | 1.81 billion constant 2015 US$ | +2.6% |
| 2014 | 1.90 billion constant 2015 US$ | +5.3% |
| 2015 | 2.06 billion constant 2015 US$ | +8.4% |
| 2016 | 2.23 billion constant 2015 US$ | +8.1% |
| 2017 | 2.31 billion constant 2015 US$ | +3.7% |
| 2018 | 2.37 billion constant 2015 US$ | +2.8% |
| 2019 | 2.54 billion constant 2015 US$ | +7.1% |
| 2020 | 2.33 billion constant 2015 US$ | -8.5% |
| 2021 | 2.43 billion constant 2015 US$ | +4.5% |
| 2022 | 2.56 billion constant 2015 US$ | +5.3% |
| 2023 | 2.67 billion constant 2015 US$ | +4.2% |
| 2024 | 2.87 billion constant 2015 US$ | +7.6% |
Bhutan compared with similar countries
- Bhutan's 2.87 billion constant 2015 US$ is below the median for lower middle income countries, which is 25.04 billion constant 2015 US$, 11% of the median. (46 countries reporting)
- Bhutan's 2.87 billion constant 2015 US$ is below the median for South Asia, which is 60.95 billion constant 2015 US$, 5% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +28.0% | 280.23 million constant 2015 US$ | 358.81 million constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 272.15 million constant 2015 US$ | 174.78 million constant 2015 US$ | 407.94 million constant 2015 US$ | 10 |
| 1990s | 531.06 million constant 2015 US$ | 445.89 million constant 2015 US$ | 674.69 million constant 2015 US$ | 10 |
| 2000s | 1.04 billion constant 2015 US$ | 731.61 million constant 2015 US$ | 1.44 billion constant 2015 US$ | 10 |
| 2010s | 2.03 billion constant 2015 US$ | 1.58 billion constant 2015 US$ | 2.54 billion constant 2015 US$ | 10 |
| 2020s | 2.57 billion constant 2015 US$ | 2.33 billion constant 2015 US$ | 2.87 billion constant 2015 US$ | 5 |
Countries ranked near Bhutan
- 162 Liberia 3.78 billion constant 2015 US$ compare
- 163 Burundi 3.54 billion constant 2015 US$ compare
- 164 Andorra 3.19 billion constant 2015 US$ compare
- 166 Aruba 2.86 billion constant 2015 US$ compare
- 167 Greenland 2.82 billion constant 2015 US$ compare
- 168 Turks and Caicos Islands 2.34 billion 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$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Bhutan?
- Gross value added at basic prices (gva) in Bhutan was 2.87 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Bhutan?
- The highest recorded value was 2.87 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bhutan?
- The lowest recorded value was 174.78 million constant 2015 US$ in 1980.
- How does Bhutan rank for gross value added at basic prices (gva)?
- Bhutan ranks 165th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Bhutan?
- Over the last ten years it is up 50.8%. 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 value added at basic prices (GVA) (constant 2015 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 value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.