Bhutan GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Bhutan's GDP changed from approximately $132M in 1980 to $3B 110M in 2024, showing an overall 2256.1% sharply increased during the period.
The lowest GDP was recorded in 1980 at $132M, and the highest in 2024 at $3B 110M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.4%.
For comparison, the average annual growth rate of China was 9.8%, and that of India was 7.2%.

Overview of Bhutan's GDP (1980–2024)

The Gross Domestic Product (GDP) of Bhutan recorded a 2256.1% sharply increased from 1980 to 2024.
The average GDP during this period was $1B 78M, and the median was $517M.
GDP fluctuated within a range of $2B 978M, with a standard deviation of $987M 82K.
The average annual change was $70M 232K.


Bhutan GDP from 1980 to 2024

The total market value of goods and services produced annually in Bhutan.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $132M
    • Highest GDP: 2024, $3B 110M
    • Most Recent GDP: 2024, $3B 110M

    Notable Annual GDP Changes

    • 2011: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Bhutan's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $2B 618M → $2B 586M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1B 71M → $1B 274M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $454M → $474M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $362M → $398M
    • Outcome: increased

    Key Economic Indicators of Bhutan (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 132M
    $ 324.39
    $ 536.48
    $ 219M
    4.995 %
    10.942 %
    0 %
    0 %
    408,000 people
    1981
    $ 143M
    $ 341.01
    $ 649.73
    $ 272M
    13.589 %
    3.389 %
    6.77 %
    0 %
    419,000 people
    1982
    $ 150M
    $ 349.71
    $ 727.54
    $ 313M
    8.195 %
    -47.272 %
    8.90 %
    0 %
    430,000 people
    1983
    $ 162M
    $ 368.71
    $ 793.26
    $ 349M
    7.337 %
    -48.451 %
    8.10 %
    0 %
    440,000 people
    1984
    $ 168M
    $ 372.51
    $ 863.15
    $ 389M
    7.616 %
    -55.91 %
    7.14 %
    0 %
    451,000 people
    1985
    $ 174M
    $ 375.02
    $ 903.42
    $ 419M
    4.349 %
    -44.739 %
    13.02 %
    0 %
    464,000 people
    1986
    $ 197M
    $ 410.71
    $ 964.08
    $ 461M
    7.954 %
    -47.166 %
    8.58 %
    0 %
    479,000 people
    1987
    $ 238M
    $ 480.58
    $ 1,147.52
    $ 568M
    20.229 %
    -34.824 %
    16.29 %
    -0.477 %
    495,000 people
    1988
    $ 273M
    $ 533.53
    $ 1,324.82
    $ 677M
    15.079 %
    -20.717 %
    16.78 %
    1.501 %
    511,000 people
    1989
    $ 272M
    $ 519.64
    $ 1,426.18
    $ 747M
    6.194 %
    -26.001 %
    22.08 %
    -9.907 %
    524,000 people
    1990
    $ 293M
    $ 552.93
    $ 1,596.09
    $ 846M
    9.098 %
    -9.521 %
    27.95 %
    -6.384 %
    530,000 people
    1991
    $ 254M
    $ 479.49
    $ 1,734.10
    $ 917M
    4.896 %
    -9.736 %
    22.75 %
    0.208 %
    529,000 people
    1992
    $ 248M
    $ 475.80
    $ 1,834.57
    $ 958M
    2.083 %
    -28.285 %
    17.43 %
    -2.668 %
    522,000 people
    1993
    $ 260M
    $ 505.89
    $ 1,971.61
    $ 1B 12M
    3.192 %
    -15.379 %
    29.64 %
    7.5 %
    513,000 people
    1994
    $ 263M
    $ 520.49
    $ 2,086.80
    $ 1B 56M
    2.232 %
    -12.952 %
    40.57 %
    2.079 %
    506,000 people
    1995
    $ 308M
    $ 612.15
    $ 2,272.10
    $ 1B 143M
    6.019 %
    14.731 %
    39.29 %
    1.062 %
    503,000 people
    1996
    $ 324M
    $ 638.44
    $ 2,432.74
    $ 1B 234M
    5.971 %
    14.014 %
    58.35 %
    4.729 %
    507,000 people
    1997
    $ 362M
    $ 703.67
    $ 2,571.79
    $ 1B 325M
    5.544 %
    5.04 %
    45.43 %
    1.714 %
    515,000 people
    1998
    $ 398M
    $ 754.04
    $ 2,689.84
    $ 1B 420M
    6.009 %
    9.732 %
    47 %
    4.182 %
    528,000 people
    1999
    $ 418M
    $ 769.48
    $ 2,841.41
    $ 1B 542M
    7.087 %
    2.159 %
    43.06 %
    3.349 %
    543,000 people