Economy of Bhutan
Population: 0.75 M (2018)
GDP per Capita: 3,243 USD (2018)
2,530 M.

GDP USD

(2018)

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740 M.

EXPORTS USD

(2017)

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1,250 M.

IMPORTS USD

(2017)

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102.38 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.03 % (2018)
GDP of 2010 USD USD 2.40 B. (2018)
GDP Current USD USD 2.53 B. (2018)
GDP per Capita Current USD USD 3,243 (2018)
GDP per capita, PPP USD 9,348 (2018)
GDP per Capita, 2010 USD USD 3,128 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.12 % (2018)
Government Spending USD 0.42 B. (2018)
Government Debt % GDP 102.38 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 122.30 (2018)
Trade Openness 78.65 % (2017)
Exports of Goods and Services % GDP 30.82 % (2018)
Exports Goods & Services USD 0.74 B. (2017)
Exports Annual Growth 4.58 % (2018)
Imports as % GDP 55.89 % (2018)
Total Imports USD 1.25 B. (2017)
Foreign Direct Investment % GDP 0.11 % (2018)
Foreign Direct Investment USD 0.01 B. (2016)
Current Account Balance % GDP USD -20.34 % (2018)
Current Account Balance USD -0.50 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -0.48 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.99 B. (2018)
Remittances % GDP 2.29 % (2018)
Remittances USD 56 M. (2018)
Balance of Payments USD 146 M. (2018)

Labor Market

Indicator Value
Labor Force 0.38 M. (2019)
Unemployment Rate 2.19 % (2019)
Unemployment Rate Females 3.20 % (2019)
Unemployment Rate Males 1.75 % (2019)
Youth Unemployment (ages 15-24) 9.69 % (2019)
Labor Force Participation Rate 67.09 % (2019)
Labor Force (Percent Female) 40.78 % (2019)
Female Labor Force Participation Rate 58.39 % (2019)
Male Labor Force Participation Rate 74.59 % (2019)
Dependent People 46.57 % (2018)

Agriculture Sector

Indicator Value
Forest Area 72.50 % (2016)
Forest Area km² 27,649 km² (2016)
Agricultural Land 13.61 % (2016)
Agricultural Land km² 5,190 km² (2016)
Employment 56.39 % (2019)
Value added % GDP 17.37 % (2017)
Agriculture Value added USD 0.44 B. (2017)
Crop Production Index 108.90 (2016)
Precipitation 2,200 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 3,371 kg/hectare (2017)
Food production index 102 (2016)
Rural Population 59 % (2018)
Fertilizer use of Arable Land 13 kg/hectare (2016)
Livestock Production Index 93 (2016)
Economy of Bhutan

According to the World Bank and its latest published data, the economy of the Bhutan presents a growth rate of 3.03 % (2018) to the previous year.

With a population that reaches 0.75 M (2018) and a gross domestic product of USD 2.53 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,243 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Bhutan also has a workforce of 0.38 M. (2019) with an unemployment rate of 2.19 % (2019), where women represent 3.20 % (2019) and men 1.75 % (2019), the unemployment rate for young people between 15-24 years old stood at 9.69 % (2019). The total number of dependent people stands at 46.57 % (2018).

The central government spent 17.12 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.42 B. (2018). Its consolidated public debt reached 102.38 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bhutan exported USD 0.74 B. (2017), which represents 30.82 % (2018) of its gross domestic product, in that same sense its imports reached USD 1.25 B. (2017) with a direct foreign investment of USD 0.01 B. (2016).

Bhutan has a forest area of 27,649 km² (2016), which represents 72.50 % (2016) of its total area, an average rainfall of 2,200 mm (2014) per year and a population of 59 % (2018) living in rural areas. With a total area of 5,190 km² (2016) available for agriculture and 56.39 % (2019) of its employments, the agricultural sector contributes to the economy of the Bhutan about USD 0.44 B. (2017) (17.37 % (2017) of its GDP).