Trade in services in Bhutan
Bhutan: Trade in services 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 131st out of 200 countries with data for 2024, putting it in the middle of the range.
Trade in services 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% |
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
- 128 Uzbekistan 15.6% compare
- 129 India 15.5% compare
- 130 Saudi Arabia 15.5% compare
- 132 New Zealand 15.1% compare
- 133 Gabon 15.0% compare
- 134 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)
- Gross capital formation (constant 2015 US$), annual growth rate 5.33 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.4185 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,770 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -0.336 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.4787 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 2,024 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 0.9551 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 40.05 current LCU per US$ of GDP (2024)
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 131st 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.