Travel services in Bhutan
Bhutan: Travel services was 45.5% in 2024. ▼ Falling
Travel services in Bhutan, 2006–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for travel services in Bhutan is 45.5%, measured in 2024.
The figure is down 10.6% on the previous year and up 103.7% over ten years.
Over the whole period, travel services in Bhutan peaked at 53.4% in 2008 and was at its lowest, 13.4%, in 2021.
That places Bhutan 13th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Travel services in Bhutan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2006 | 34.8% | — |
| 2007 | 29.1% | -16.2% |
| 2008 | 53.4% | +83.3% |
| 2009 | 33.3% | -37.7% |
| 2010 | 29.5% | -11.4% |
| 2011 | 31.8% | +7.8% |
| 2012 | 34.4% | +8.0% |
| 2013 | 35.8% | +4.2% |
| 2014 | 22.3% | -37.6% |
| 2015 | 20.4% | -8.6% |
| 2016 | 24.6% | +20.5% |
| 2017 | 29.0% | +17.9% |
| 2018 | 34.7% | +19.8% |
| 2019 | 30.5% | -12.2% |
| 2020 | 22.0% | -27.9% |
| 2021 | 13.4% | -39.2% |
| 2022 | 18.5% | +38.1% |
| 2023 | 50.9% | +175.3% |
| 2024 | 45.5% | -10.6% |
Bhutan compared with similar countries
- Bhutan's 45.5% is above the median for lower middle income countries, which is 17.0%, 2.7× the median. (47 countries reporting)
- Bhutan's 45.5% is above the median for South Asia, which is 24.3%, 1.9× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.7% | 29.1% | 53.4% | 4 |
| 2010s | 29.3% | 20.4% | 35.8% | 10 |
| 2020s | 30.1% | 13.4% | 50.9% | 5 |
Countries ranked near Bhutan
- 10 Russian Federation 52.0% compare
- 11 Vanuatu 50.5% compare
- 12 Armenia 49.9% compare
- 14 Kuwait 43.0% compare
- 15 Timor-Leste 42.8% compare
- 16 Syrian Arab Republic 42.7% 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)
- 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 travel services in Bhutan?
- Travel services in Bhutan was 45.5% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Bhutan?
- The highest recorded value was 53.4% in 2008.
- What is the lowest travel services recorded in Bhutan?
- The lowest recorded value was 13.4% in 2021.
- How does Bhutan rank for travel services?
- Bhutan ranks 13th out of 198 countries with data for 2024.
- Is travel services rising or falling in Bhutan?
- Over the last ten years it is up 103.7%. The long-run trend across the full record is falling.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.