Annual GDP growth in Bhutan
Bhutan: Annual GDP growth was 6.1% in 2024. ◆ Volatile
Latest (2024)
6.1%
Change on year
up 24.0%
World rank
25th
of 196 countries
All-time high
20.2%
in 1987
All-time low
-3.3%
in 2021
Years of data
45
1980–2024
Annual GDP growth in Bhutan, 1980–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
Bhutan recorded 6.1% for annual gdp growth in 2024.
That represents a change of up 24.0% on the previous year and up 59.3% over ten years.
Over the whole period, annual gdp growth in Bhutan peaked at 20.2% in 1987 and was at its lowest, -3.3%, in 2021.
That places Bhutan 25th out of 196 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Bhutan, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.0% | — |
| 1981 | 13.6% | +172.1% |
| 1982 | 8.2% | -39.7% |
| 1983 | 7.3% | -10.5% |
| 1984 | 7.6% | +3.8% |
| 1985 | 4.3% | -42.9% |
| 1986 | 8.0% | +82.9% |
| 1987 | 20.2% | +154.3% |
| 1988 | 15.1% | -25.5% |
| 1989 | 6.2% | -58.9% |
| 1990 | 9.1% | +46.9% |
| 1991 | 4.9% | -46.2% |
| 1992 | 2.1% | -57.5% |
| 1993 | 3.2% | +53.2% |
| 1994 | 2.2% | -30.1% |
| 1995 | 6.0% | +169.7% |
| 1996 | 6.0% | -0.8% |
| 1997 | 5.5% | -7.2% |
| 1998 | 6.0% | +8.4% |
| 1999 | 7.1% | +17.9% |
| 2000 | 6.9% | -2.2% |
| 2001 | 7.0% | +1.5% |
| 2002 | 9.5% | +35.2% |
| 2003 | 9.0% | -4.9% |
| 2004 | 6.4% | -29.0% |
| 2005 | 6.1% | -5.5% |
| 2006 | 6.3% | +3.2% |
| 2007 | 11.0% | +75.8% |
| 2008 | 9.9% | -10.3% |
| 2009 | 6.1% | -38.0% |
| 2010 | 10.3% | +68.3% |
| 2011 | 10.5% | +1.8% |
| 2012 | 6.8% | -35.7% |
| 2013 | 3.4% | -49.6% |
| 2014 | 3.8% | +12.3% |
| 2015 | 6.3% | +64.1% |
| 2016 | 7.6% | +20.9% |
| 2017 | 5.2% | -32.2% |
| 2018 | 2.8% | -45.6% |
| 2019 | 4.6% | +65.9% |
| 2020 | -2.5% | -152.8% |
| 2021 | -3.3% | +34.1% |
| 2022 | 4.8% | -246.6% |
| 2023 | 4.9% | +1.9% |
| 2024 | 6.1% | +24.0% |
Bhutan compared with similar countries
- Bhutan's 6.1% is above the median for lower middle income countries, which is 4.1%, 1.5× the median. (47 countries reporting)
- Bhutan's 6.1% is above the median for South Asia, which is 4.8%, 1.3× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.6% | 4.3% | 20.2% | 10 |
| 1990s | 5.2% | 2.1% | 9.1% | 10 |
| 2000s | 7.8% | 6.1% | 11.0% | 10 |
| 2010s | 6.1% | 2.8% | 10.5% | 10 |
| 2020s | 2.0% | -3.3% | 6.1% | 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 annual gdp growth in Bhutan?
- Annual gdp growth in Bhutan was 6.1% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Bhutan?
- The highest recorded value was 20.2% in 1987.
- What is the lowest annual gdp growth recorded in Bhutan?
- The lowest recorded value was -3.3% in 2021.
- How does Bhutan rank for annual gdp growth?
- Bhutan ranks 25th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Bhutan?
- Over the last ten years it is up 59.3%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.