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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
