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Bhutan Trade (% GDP)

Bhutan's trade (% GDP) fell to 81.56% in 2023, down from 85.57% in 2022, according to World Bank. This represents a decrease of 4.01% from the previous year. Bhutan has trade (% GDP) lower than the global median (81.56% vs median 84.49%). Compared with the median in Asia, Bhutan is lower (81.56% vs regional median 82.69%) and ranks 24th out of 45 countries in Asia.

Yearly Historical Data (1980-2023)

(in %)
Year Trade (% GDP)
2023 81.56%
2022 85.57%
2021 77.58%
2020 71.83%
2019 76.12%
2018 79.74%
2017 76.79%
2016 76.38%
2015 89.64%
2014 87.93%
2013 95.05%
2012 94.05%
2011 102.8%
2010 105.01%
2009 101.56%
2008 101.95%
2007 106.93%
2006 108.16%
2005 97.74%
2004 89.06%
2003 72.85%
2002 70.28%
2001 71.09%
2000 74.03%
1999 85.87%
1998 85.58%
1997 85.21%
1996 84.63%
1995 83.88%
1994 72.1%
1993 78.76%
1992 91.76%
1991 75.97%
1990 61.22%
1989 68.81%
1988 80.48%
1987 64.28%
1986 73.77%
1985 69.75%
1984 61.25%
1983 61.12%
1982 64.68%
1981 66.78%
1980 54.11%
Bhutan Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Bhutan divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $531.23M $452.96M 2012
Annual Imports $991.7M $1.05B 2012
Exports (% GDP) 28.33% 25.5% 2023
FDI Inflows (% GDP) 0.39% 0.29% 2023
Imports (% GDP) 53.24% 60.07% 2023
Net Trade (Goods & Services, BoP) -$568.59M -$902.3M 2024
Tariff Rate 6.77% 4.06% 2022