Inflation, GDP deflator in Bhutan
Bhutan: Inflation, GDP deflator was 3.2% in 2025. ◆ Volatile
Inflation, GDP deflator in Bhutan, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Bhutan recorded 3.2% for inflation, gdp deflator in 2025.
The figure is down 32.4% on the previous year and down 1.7% over ten years.
Over the whole period, inflation, gdp deflator in Bhutan peaked at 17.2% in 1974 and was at its lowest, -15.9%, in 1978.
That places Bhutan 112th out of 212 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Bhutan, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 4.5% | — |
| 1972 | 5.9% | +32.3% |
| 1973 | 13.0% | +120.7% |
| 1974 | 17.2% | +31.9% |
| 1975 | -0.1% | -100.4% |
| 1976 | 0.0% | -154.2% |
| 1977 | 0.0% | -74.2% |
| 1978 | -15.9% | -147674.2% |
| 1979 | 6.0% | -137.8% |
| 1980 | 12.5% | +108.4% |
| 1981 | 3.5% | -72.3% |
| 1982 | 7.3% | +110.5% |
| 1983 | 7.2% | -1.8% |
| 1984 | 10.2% | +42.0% |
| 1985 | 6.5% | -36.0% |
| 1986 | 7.2% | +10.4% |
| 1987 | 1.1% | -84.7% |
| 1988 | 15.0% | +1259.0% |
| 1989 | 5.6% | -62.5% |
| 1990 | 6.2% | +10.7% |
| 1991 | 8.9% | +44.1% |
| 1992 | 8.9% | -0.2% |
| 1993 | 8.5% | -4.6% |
| 1994 | 12.3% | +45.0% |
| 1995 | 8.3% | -32.9% |
| 1996 | 8.1% | -2.1% |
| 1997 | 12.9% | +59.1% |
| 1998 | 10.7% | -17.1% |
| 1999 | 6.2% | -42.3% |
| 2000 | 16.5% | +167.9% |
| 2001 | 5.3% | -67.7% |
| 2002 | 5.2% | -3.2% |
| 2003 | 3.6% | -29.8% |
| 2004 | 4.3% | +19.9% |
| 2005 | 6.5% | +49.1% |
| 2006 | 6.6% | +1.5% |
| 2007 | 4.7% | -28.7% |
| 2008 | 5.6% | +19.6% |
| 2009 | 4.4% | -21.1% |
| 2010 | 8.3% | +88.2% |
| 2011 | 8.9% | +6.6% |
| 2012 | 8.6% | -2.7% |
| 2013 | 6.2% | -28.6% |
| 2014 | 5.7% | -7.2% |
| 2015 | 3.2% | -43.9% |
| 2016 | 4.0% | +26.1% |
| 2017 | 4.3% | +7.4% |
| 2018 | 1.2% | -73.5% |
| 2019 | 3.1% | +170.1% |
| 2020 | 5.3% | +70.1% |
| 2021 | 7.6% | +44.3% |
| 2022 | 5.8% | -24.0% |
| 2023 | 4.4% | -24.0% |
| 2024 | 4.7% | +6.0% |
| 2025 | 3.2% | -32.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.4% | -15.9% | 17.2% | 9 |
| 1980s | 7.6% | 1.1% | 15.0% | 10 |
| 1990s | 9.1% | 6.2% | 12.9% | 10 |
| 2000s | 6.3% | 3.6% | 16.5% | 10 |
| 2010s | 5.4% | 1.2% | 8.9% | 10 |
| 2020s | 5.2% | 3.2% | 7.6% | 6 |
Countries ranked near Bhutan
- 109 Côte d'Ivoire 3.2% compare
- 110 Micronesia, Federated States of 3.2% compare
- 111 Isle of Man 3.2% compare
- 113 Austria 3.2% compare
- 114 Republic of Korea 3.1% compare
- 115 Paraguay 3.1% 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)
- GDP (constant 2015 US$), annual growth rate 8.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8878 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 3,989 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 8 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 61.84 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 277,830 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 43.48 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2623 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is inflation, gdp deflator in Bhutan?
- Inflation, gdp deflator in Bhutan was 3.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Bhutan?
- The highest recorded value was 17.2% in 1974.
- What is the lowest inflation, gdp deflator recorded in Bhutan?
- The lowest recorded value was -15.9% in 1978.
- How does Bhutan rank for inflation, gdp deflator?
- Bhutan ranks 112th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Bhutan?
- Over the last ten years it is down 1.7%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.