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Indicators of economy in Bhutan

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Bhutan reached 3.001 US dollars per inhabitant, or 2.32 bn US Dollar in the whole country. Bhutan is currently at number 179 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Bhutan is in the list of the world's richest countries in place 110.

Inflation in Bhutan was in 2021 at around 7.35%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 70.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Bhutan

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Bhutan 2020. Overall, gross domestic product in 2020 fell from 2.54 billion US Dollar auf 2.32 billion US Dollar. With a drop of 8.7 percent, the economy in Bhutan suffered more significant losses than other countries.. The tourism sector alone slumped by around 30 percent. The unemployment rate rose from 2.5 to 3.6 percent. The consumer inflation rate has risen from 2.7% previously to 5.6% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Bhutan
Total
Bhutan
per capita
EU
Total
EU
per capita
GDP2.32 bn USD3,000.78 USD15,291.93 tn USD29,710.69 USD
Gross national product2.19 bn USD2,841.46 USD15,330.84 tn USD29,786.28 USD


Development of gross domestic product in million US Dollar 1980 - 2020



Im- and Exports 2020

 Bhutan
Total
Bhutan
per capita
EU
Total
EU
per capita
Imports1.19 bn USD1,540.26 USD7,340.01 bn USD14,260.90 USD
Exports786.68 m USD1,019.53 USD7,939.04 bn USD15,424.75 USD


Development of imports and exports in million US dollars 2006 - 2020

Exports
Imports



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