Markets Actual Q3 Q4 Q1 Q2 2021
Currency 74.87 75.22 75.56 75.91 76.26 76.95

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 3.00 2.4 2.4 1.6 1.6 1.6
Unemployment Rate (%) 3.40 4.1 4.1 4.3 4.2 4.3
Inflation Rate (%) 4.60 3.6 4.2 4.5 4.9 4.5
Interest Rate (%) 7.02 7 7 6.95 6.95 6.75
Balance of Trade (BTN Million) -8927.70 -5000 -9000 -9000 -9000 -9000
Current Account (BTN Million ) -39677.40 -45500 -45500 -39500 -39500 -39500
Current Account to GDP (%) -23.71 -25 -25 -22 -22 -22
Government Debt to GDP (%) 110.10 112 112 111 111 111
Government Budget (% of GDP) -1.10 -9.5 -9.5 -11 -11 -11

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 3.00 2.4 2.4 1.6 1.6 1.6
GDP (USD Billion) 2.45 2 2 2.2 2.2 2.2
GDP per capita (USD) 3128.00 3050 3050 3100 3100 3100
GDP per capita PPP (USD) 11345.40 10100 10100 10700 10700 10700
GDP From Agriculture (BTN Million) 8059.80 8800 8800 8800 8800 8800
GDP From Construction (BTN Million) 10644.10 13400 13400 13400 13400 13400
GDP From Manufacturing (BTN Million) 5753.00 5950 5950 5950 5950 5950
GDP From Mining (BTN Million) 2062.30 2600 2600 2600 2600 2600
GDP From Public Administration (BTN Million) 4641.90 4700 4700 4700 4700 4700
GDP From Services (BTN Million) 26905.30 31000 31000 31000 31000 31000
GDP From Transport (BTN Million) 7184.60 8000 8000 8000 8000 8000
GDP From Utilities (BTN Million) 10079.80 11200 11200 11200 11200 11200

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.40 4.1 4.1 4.3 4.2 4.3
Population (Million) 0.76 0.76 0.76 0.77 0.77 0.77

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.60 3.6 4.2 4.5 4.9 4.5
Inflation Rate Mom (%) 1.60 1.8 1.5 1.5 1.5 1.5
Producer Prices (points) 124.90 127 131 136 136 153
Producer Prices Change (%) 1.90 2.2 7 8.6 8.6 10
Food Inflation (%) 9.20 4 4 3.5 3.5 4.5
Consumer Price Index CPI (points) 105.00 105 106 108 108 111

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.02 7 7 6.95 6.95 6.75
Deposit Interest Rate (%) 2.25 1.98 1.98 1.93 1.93 1.93
Money Supply M2 (BTN Million) 140362.50 142638 146634 150629 154625 162615
Foreign Exchange Reserves (USD Million) 1287.58 1305 1350 1395 1441 1532

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (BTN Million) -8927.70 -5000 -9000 -9000 -9000 -9000
Current Account (BTN Million ) -39677.40 -45500 -45500 -39500 -39500 -39500
Current Account to GDP (%) -23.71 -25 -25 -22 -22 -22
Exports (BTN Million) 8571.50 13100 10500 10500 10500 10500
Imports (BTN Million) 17499.20 18100 19500 19500 19500 19500
Tourism Revenues (USD Million) 3.12 5.9 5.9 5.8 5.8 5.8
Tourist Arrivals 2135.00 4000 4000 5050 5300 5500
External Debt (USD Million) 2728.40 3500 3500 3000 3000 3000
Foreign Direct Investment (BTN Million) -72.70 72.3 84.5 84.5 84.5 84.5

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 110.10 112 112 111 111 111
Government Budget (% of GDP) -1.10 -9.5 -9.5 -11 -11 -11
Fiscal Expenditure (BTN Million) 56513.50 61700 61700 61700 61700 61700
Government Revenues (BTN Million) 54666.70 52140 52140 52140 52140 52140

Taxes Actual Q3 Q4 Q1 Q2 2021
Sales Tax Rate (%) 50.00 50 50 50 50 50

Consumer Actual Q3 Q4 Q1 Q2 2021
Private Sector Credit (BTN Million) 15.70 15.5 15.5 15.5 15.5 15.5


This page has economic forecasts for Bhutan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bhutan economy.