Volume of remittances (in United States dollars) as a proportion of in Bhutan
Bhutan: Volume of remittances (in United States dollars) as a proportion of was 3.6% in 2023. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Bhutan, 2006–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, volume of remittances (in united states dollars) as a proportion of in Bhutan stood at 3.6%. That is the highest value across all 18 years on record.
That represents a change of up 8.2% on the previous year and up 489.9% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Bhutan peaked at 3.6% in 2023 and was at its lowest, 0.2%, in 2007.
Bhutan ranks 80th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Volume of remittances (in United States dollars) as a proportion of in Bhutan, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 0.2% | — |
| 2007 | 0.2% | -1.6% |
| 2008 | 0.3% | +15.3% |
| 2009 | 0.4% | +35.7% |
| 2010 | 0.5% | +32.4% |
| 2011 | 0.5% | +9.2% |
| 2012 | 0.9% | +73.8% |
| 2013 | 0.6% | -33.9% |
| 2014 | 0.7% | +12.7% |
| 2015 | 0.9% | +31.3% |
| 2016 | 1.5% | +62.1% |
| 2017 | 1.7% | +14.3% |
| 2018 | 2.3% | +35.2% |
| 2019 | 2.1% | -8.0% |
| 2020 | 3.4% | +63.9% |
| 2021 | 2.6% | -22.0% |
| 2022 | 3.3% | +24.9% |
| 2023 | 3.6% | +8.2% |
Bhutan compared with similar countries
- Bhutan's 3.6% is below the median for lower middle income countries, which is 6.1%, 59% of the median. (43 countries reporting)
- Bhutan's 3.6% is below the median for South Asia, which is 4.8%, 74% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3% | 0.2% | 0.4% | 4 |
| 2010s | 1.2% | 0.5% | 2.3% | 10 |
| 2020s | 3.2% | 2.6% | 3.6% | 4 |
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 volume of remittances (in united states dollars) as a proportion of in Bhutan?
- Volume of remittances (in united states dollars) as a proportion of in Bhutan was 3.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Bhutan?
- The highest recorded value was 3.6% in 2023.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Bhutan?
- The lowest recorded value was 0.2% in 2007.
- How does Bhutan rank for volume of remittances (in united states dollars) as a proportion of?
- Bhutan ranks 80th out of 203 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Bhutan?
- Over the last ten years it is up 489.9%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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