Gross value added at basic prices … current LCU annual growth rate in Bhutan
Bhutan: Gross value added at basic prices … current LCU annual growth rate was 12.69 % change on previous year in 2024. ▼ Falling
Gross value added at basic prices (GVA) (current LCU), annual growth in Bhutan, 1981–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Bhutan stood at 12.69 % change on previous year.
Compared with earlier readings it is up 46.3% on the previous year and up 10.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Bhutan peaked at 29.61 % change on previous year in 1987 and was at its lowest, -3.67 % change on previous year, in 2020.
Bhutan ranks 39th of 205 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Gross value added at basic prices … current LCU annual growth rate in Bhutan, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | 19.12 % change on previous year | — |
| 1982 | 10.97 % change on previous year | -42.6% |
| 1983 | 17.81 % change on previous year | +62.3% |
| 1984 | 14.83 % change on previous year | -16.8% |
| 1985 | 11.29 % change on previous year | -23.9% |
| 1986 | 19.75 % change on previous year | +74.9% |
| 1987 | 29.61 % change on previous year | +49.9% |
| 1988 | 20.76 % change on previous year | -29.9% |
| 1989 | 13.92 % change on previous year | -32.9% |
| 1990 | 16.11 % change on previous year | +15.7% |
| 1991 | 8.22 % change on previous year | -49.0% |
| 1992 | 14.03 % change on previous year | +70.7% |
| 1993 | 10.83 % change on previous year | -22.8% |
| 1994 | 15.92 % change on previous year | +47.0% |
| 1995 | 16.57 % change on previous year | +4.1% |
| 1996 | 14.68 % change on previous year | -11.5% |
| 1997 | 18.22 % change on previous year | +24.1% |
| 1998 | 17.63 % change on previous year | -3.2% |
| 1999 | 14.68 % change on previous year | -16.7% |
| 2000 | 21.32 % change on previous year | +45.2% |
| 2001 | 13.05 % change on previous year | -38.8% |
| 2002 | 14.54 % change on previous year | +11.4% |
| 2003 | 11.64 % change on previous year | -20.0% |
| 2004 | 8.74 % change on previous year | -24.9% |
| 2005 | 14.14 % change on previous year | +61.7% |
| 2006 | 13.16 % change on previous year | -6.9% |
| 2007 | 22.18 % change on previous year | +68.6% |
| 2008 | 10.33 % change on previous year | -53.4% |
| 2009 | 12.71 % change on previous year | +23.0% |
| 2010 | 19.36 % change on previous year | +52.3% |
| 2011 | 17.16 % change on previous year | -11.4% |
| 2012 | 12.07 % change on previous year | -29.7% |
| 2013 | 9.15 % change on previous year | -24.2% |
| 2014 | 11.45 % change on previous year | +25.2% |
| 2015 | 11.82 % change on previous year | +3.2% |
| 2016 | 12.44 % change on previous year | +5.3% |
| 2017 | 8.07 % change on previous year | -35.2% |
| 2018 | 3.84 % change on previous year | -52.4% |
| 2019 | 10.46 % change on previous year | +172.5% |
| 2020 | -3.67 % change on previous year | -135.1% |
| 2021 | 12.53 % change on previous year | -441.1% |
| 2022 | 11.42 % change on previous year | -8.8% |
| 2023 | 8.68 % change on previous year | -24.0% |
| 2024 | 12.69 % change on previous year | +46.3% |
Bhutan compared with similar countries
- Bhutan's 12.69 % change on previous year is above the median for lower middle income countries, which is 10.04 % change on previous year, 1.3× the median. (47 countries reporting)
- Bhutan's 12.69 % change on previous year is above the median for South Asia, which is 8.37 % change on previous year, 1.5× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current LCU annual growth rate 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 |
|---|---|---|---|
| 2021 | +441.1% | -3.67 % change on previous year | 12.53 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.56 % change on previous year | 10.97 % change on previous year | 29.61 % change on previous year | 9 |
| 1990s | 14.69 % change on previous year | 8.22 % change on previous year | 18.22 % change on previous year | 10 |
| 2000s | 14.18 % change on previous year | 8.74 % change on previous year | 22.18 % change on previous year | 10 |
| 2010s | 11.58 % change on previous year | 3.84 % change on previous year | 19.36 % change on previous year | 10 |
| 2020s | 8.33 % change on previous year | -3.67 % change on previous year | 12.69 % change on previous year | 5 |
Countries ranked near Bhutan
- 36 Belarus 13.24 % change on previous year compare
- 37 Nicaragua 13.07 % change on previous year compare
- 38 Turkmenistan 12.82 % change on previous year compare
- 40 Tonga 12.69 % change on previous year compare
- 41 Honduras 12.61 % change on previous year compare
- 42 Mongolia 12.44 % change on previous year 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) (current lcu), annual growth in Bhutan?
- Gross value added at basic prices (gva) (current lcu), annual growth in Bhutan was 12.69 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Bhutan?
- The highest recorded value was 29.61 % change on previous year in 1987.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Bhutan?
- The lowest recorded value was -3.67 % change on previous year in 2020.
- How does Bhutan rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Bhutan ranks 39th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Bhutan?
- Over the last ten years it is up 10.8%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.