Trade in services (% of GDP) in Bhutan
Bhutan: Trade in services (% of GDP) was 15.4% in 2024. ▬ Flat
Trade in services in Bhutan, 2006–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Bhutan stood at 15.4%.
Compared with earlier readings it is up 3.1% on the previous year and up 2.6% over ten years.
Over the whole period, trade in services in Bhutan peaked at 15.9% in 2018 and was at its lowest, 5.6%, in 2021.
That places Bhutan 132nd out of 200 countries with data for 2024, putting it in the middle of the range.
Trade in services (% of GDP) in Bhutan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 12.3% | — |
| 2007 | 11.9% | -3.3% |
| 2008 | 13.3% | +11.8% |
| 2009 | 11.6% | -12.6% |
| 2010 | 12.2% | +5.1% |
| 2011 | 13.1% | +6.8% |
| 2012 | 15.1% | +15.4% |
| 2013 | 15.5% | +2.6% |
| 2014 | 15.0% | -2.8% |
| 2015 | 14.6% | -2.5% |
| 2016 | 15.0% | +2.3% |
| 2017 | 14.3% | -4.3% |
| 2018 | 15.9% | +11.0% |
| 2019 | 14.2% | -11.0% |
| 2020 | 14.7% | +3.5% |
| 2021 | 5.6% | -61.5% |
| 2022 | 8.0% | +41.6% |
| 2023 | 15.0% | +87.1% |
| 2024 | 15.4% | +3.1% |
Bhutan compared with similar countries
- Bhutan's 15.4% is above the median for lower middle income countries, which is 13.8%, 1.1× the median. (47 countries reporting)
- Bhutan's 15.4% is above the median for South Asia, which is 12.5%, 1.2× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 |
|---|---|---|---|
| 2023 | +87.1% | 8.0% | 15.0% |
| 2021 | -61.5% | 14.7% | 5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.3% | 11.6% | 13.3% | 4 |
| 2010s | 14.5% | 12.2% | 15.9% | 10 |
| 2020s | 11.7% | 5.6% | 15.4% | 5 |
Countries ranked near Bhutan
- 129 Trinidad and Tobago 15.6% compare
- 130 India 15.5% compare
- 131 Saudi Arabia 15.5% compare
- 133 New Zealand 15.1% compare
- 134 Gabon 15.0% compare
- 135 Canada 14.7% 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 trade in services in Bhutan?
- Trade in services in Bhutan was 15.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Bhutan?
- The highest recorded value was 15.9% in 2018.
- What is the lowest trade in services recorded in Bhutan?
- The lowest recorded value was 5.6% in 2021.
- How does Bhutan rank for trade in services?
- Bhutan ranks 132nd out of 200 countries with data for 2024.
- Is trade in services rising or falling in Bhutan?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is flat.
- Where does this Bhutan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.