Markets Actual Q1 Q2 Q3 Q4 2022
Currency 72.93 73.36 73.7 74.04 74.38 75.05

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 5.50 -1 -1 -1 -1 2
Unemployment Rate (%) 3.40 4.3 4.2 4.2 4.3 3.9
Inflation Rate (%) 7.75 4 3.3 3.1 3.5 4
Interest Rate (%) 6.86 6.86 6.86 6.86 6.86 6.86
Balance of Trade (BTN Million) -4847.91 -9000 -9000 -9000 -9000 -9000
Current Account (BTN Million ) -39677.40 -39500 -39500 -39500 -39500 -39500
Current Account to GDP (%) -23.71 -22 -22 -22 -22 -15
Government Debt to GDP (%) 104.40 121 121 121 121 118
Government Budget (% of GDP) -6.20 -11 -11 -11 -11 -12.5

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 5.50 -1 -1 -1 -1 2
GDP (USD Billion) 2.45 2.2 2.2 2.2 2.2 2.5
GDP per capita (USD) 3128.00 3100 3100 3100 3100 3500
GDP per capita PPP (USD) 11345.40 10700 10700 10700 10700 11500
GDP From Agriculture (BTN Million) 11348.27 8800 8800 8800 8800 8800
GDP From Construction (BTN Million) 8240.25 13400 13400 13400 13400 13400
GDP From Manufacturing (BTN Million) 5108.69 5950 5950 5950 5950 5950
GDP From Mining (BTN Million) 3453.41 2600 2600 2600 2600 2600
GDP From Public Administration (BTN Million) 5280.63 4700 4700 4700 4700 4700
GDP From Services (BTN Million) 31108.13 31000 31000 31000 31000 31000
GDP From Transport (BTN Million) 7678.69 8000 8000 8000 8000 8000
GDP From Utilities (BTN Million) 9122.80 11200 11200 11200 11200 11200

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.40 4.3 4.2 4.2 4.3 3.9
Population (Million) 0.76 0.77 0.77 0.77 0.77 0.78

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 7.75 4 3.3 3.1 3.5 4
Inflation Rate Mom (%) 0.31 1.5 1.5 1.5 1.5 1.5
Producer Prices (points) 123.10 136 136 136 153 184
Producer Prices Change (%) 1.60 8.6 8.6 8.6 10 10
Food Inflation (%) 15.45 3.5 3.5 3.5 4.5 4.5
Consumer Price Index CPI (points) 108.63 108 108 108 111 116

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 6.86 6.86 6.86 6.86 6.86 6.86
Deposit Interest Rate (%) 2.25 2.25 2.25 2.25 2.8 2.25
Money Supply M2 (BTN Million) 160365.88 150629 154625 154625 162615 178597
Foreign Exchange Reserves (USD Million) 1578.64 1395 1441 1441 1532 1713

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (BTN Million) -4847.91 -9000 -9000 -9000 -9000 -9000
Current Account (BTN Million ) -39677.40 -39500 -39500 -39500 -39500 -39500
Current Account to GDP (%) -23.71 -22 -22 -22 -22 -15
Exports (BTN Million) 9064.57 10500 10500 10500 10500 10500
Imports (BTN Million) 13912.48 19500 19500 19500 19500 19500
Tourism Revenues (USD Million) 3.12 5.8 5.8 5.8 5.8 5.7
Tourist Arrivals 2135.00 1500 1500 1700 2000 3500
External Debt (USD Million) 2728.40 3000 3000 3000 3000 3000
Foreign Direct Investment (BTN Million) -39.17 84.5 84.5 84.5 84.5 84.5

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 104.40 121 121 121 121 118
Government Budget (% of GDP) -6.20 -11 -11 -11 -11 -12.5
Fiscal Expenditure (BTN Million) 46724.85 61700 61700 61700 61700 61700
Government Revenues (BTN Million) 52726.60 52140 52140 52140 52140 52140

Taxes Actual Q1 Q2 Q3 Q4 2022
Sales Tax Rate (%) 50.00 50 50 50 50 50

Consumer Actual Q1 Q2 Q3 Q4 2022
Private Sector Credit (BTN Million) 20.50 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.