Gross value added at basic prices (GVA) in Bhutan
Bhutan: Gross value added at basic prices (GVA) was 272.56 billion current LCU 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 current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Bhutan stood at 272.56 billion current LCU. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 12.7% on the previous year and up 130.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bhutan peaked at 272.56 billion current LCU in 2024 and was at its lowest, 993.82 million current LCU, in 1980.
That places Bhutan 123rd out of 207 countries with data for 2024, putting it in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 1980 | 993.82 million current LCU | — |
| 1981 | 1.18 billion current LCU | +19.1% |
| 1982 | 1.31 billion current LCU | +11.0% |
| 1983 | 1.55 billion current LCU | +17.8% |
| 1984 | 1.78 billion current LCU | +14.8% |
| 1985 | 1.98 billion current LCU | +11.3% |
| 1986 | 2.37 billion current LCU | +19.7% |
| 1987 | 3.07 billion current LCU | +29.6% |
| 1988 | 3.71 billion current LCU | +20.8% |
| 1989 | 4.22 billion current LCU | +13.9% |
| 1990 | 4.90 billion current LCU | +16.1% |
| 1991 | 5.31 billion current LCU | +8.2% |
| 1992 | 6.05 billion current LCU | +14.0% |
| 1993 | 6.71 billion current LCU | +10.8% |
| 1994 | 7.77 billion current LCU | +15.9% |
| 1995 | 9.06 billion current LCU | +16.6% |
| 1996 | 10.39 billion current LCU | +14.7% |
| 1997 | 12.28 billion current LCU | +18.2% |
| 1998 | 14.45 billion current LCU | +17.6% |
| 1999 | 16.57 billion current LCU | +14.7% |
| 2000 | 20.10 billion current LCU | +21.3% |
| 2001 | 22.73 billion current LCU | +13.0% |
| 2002 | 26.03 billion current LCU | +14.5% |
| 2003 | 29.06 billion current LCU | +11.6% |
| 2004 | 31.60 billion current LCU | +8.7% |
| 2005 | 36.07 billion current LCU | +14.1% |
| 2006 | 40.82 billion current LCU | +13.2% |
| 2007 | 49.88 billion current LCU | +22.2% |
| 2008 | 55.03 billion current LCU | +10.3% |
| 2009 | 62.02 billion current LCU | +12.7% |
| 2010 | 74.03 billion current LCU | +19.4% |
| 2011 | 86.74 billion current LCU | +17.2% |
| 2012 | 97.20 billion current LCU | +12.1% |
| 2013 | 106.10 billion current LCU | +9.2% |
| 2014 | 118.25 billion current LCU | +11.5% |
| 2015 | 132.22 billion current LCU | +11.8% |
| 2016 | 148.68 billion current LCU | +12.4% |
| 2017 | 160.67 billion current LCU | +8.1% |
| 2018 | 166.83 billion current LCU | +3.8% |
| 2019 | 184.28 billion current LCU | +10.5% |
| 2020 | 177.51 billion current LCU | -3.7% |
| 2021 | 199.75 billion current LCU | +12.5% |
| 2022 | 222.56 billion current LCU | +11.4% |
| 2023 | 241.87 billion current LCU | +8.7% |
| 2024 | 272.56 billion current LCU | +12.7% |
Bhutan compared with similar countries
- Bhutan's 272.56 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 18% of the median. (47 countries reporting)
- Bhutan's 272.56 billion current LCU is below the median for South Asia, which is 17.21 trillion current LCU, 2% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.22 billion current LCU | 993.82 million current LCU | 4.22 billion current LCU | 10 |
| 1990s | 9.35 billion current LCU | 4.90 billion current LCU | 16.57 billion current LCU | 10 |
| 2000s | 37.34 billion current LCU | 20.10 billion current LCU | 62.02 billion current LCU | 10 |
| 2010s | 127.50 billion current LCU | 74.03 billion current LCU | 184.28 billion current LCU | 10 |
| 2020s | 222.85 billion current LCU | 177.51 billion current LCU | 272.56 billion current LCU | 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 value added at basic prices (gva) in Bhutan?
- Gross value added at basic prices (gva) in Bhutan was 272.56 billion current LCU 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 272.56 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bhutan?
- The lowest recorded value was 993.82 million current LCU in 1980.
- How does Bhutan rank for gross value added at basic prices (gva)?
- Bhutan ranks 123rd out of 207 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 130.5%. 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.