Bhutan: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Agriculture is the livelihood for 55.4% of Bhutan's population. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2012): India, South Korea, and Bangladesh |
| Top Industries Source: CIA World Factbook | Cement; Wood Products; Processed Fruits; Alcoholic Beverages |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $9,358,104,561 (2021) |
| GDP Growth Rate (annual %) | 4.088% (2021) |
| GDP Per Capita, PPP (current international) | $12,036 (2021) |
GDP Country Rank 161/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 5.639% (2022) |
| External debt stocks, total (DOD, current US$) | $3,069,446,355 (2021) |
| Total tax rate (% of commercial profits) | 35.3% (2019) |
| Real Interest Rate (5 year average %) | 8.879% (2021) |
| Manufacturing, value added (% of GDP) | 5.858% (2021) |
| Current Account Balance (BoP, current US$) | ($852,582,915) (2022) |
Labor and Employment [1]
| Labor Force, Total | 376,933 (2022) |
| Employment in Agriculture (% of total employment) | 55.993% (2021) |
| Employment in Industry (% of total employment) | 10.127% (2021) |
| Employment in Services (% of total employment) | 33.88% (2021) |
| Unemployment Rate | 3.604% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $1,339,262,955 (2021) |
| Exports of goods and services (current US$) | $808,222,299 (2021) |
| Total Merchandise Trade (% of GDP) | 97.512% (2022) |
| FDI, net inflows (BoP, current US$) | $9,670,493 (2022) |
| Commercial Service Exports (current US$) | $20,116,300 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bhutan’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.