Markets Actual Q1 Q2 Q3 Q4 2021
Currency 71.87 71.86 72.19 72.54 72.87 73.55

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 3.00 7 7 7 7 5.6
Unemployment Rate (%) 3.40 3.2 3.2 3.2 3.2 3
Inflation Rate (%) 2.30 4 4.2 3.9 4.2 4.5
Interest Rate (%) 7.04 7.04 7.04 6.8 8 9
Balance of Trade (BTN Million) -8687.50 -5000 -5000 -5000 -9000 -9000
Current Account (BTN Million ) -31306.95 -29500 -29500 -29500 -29500 -29500
Current Account to GDP (%) -18.20 -9.5 -9.5 -9.5 -9.5 -7.5
Government Debt to GDP (%) 110.10 105 105 105 105 103
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1.6 -1.6 -2.5

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 3.00 7 7 7 7 5.6
GDP (USD Billion) 2.53 2.86 2.86 2.86 2.86 3.03
GDP per capita (USD) 3172.80 3423 3423 3423 3423 3534
GDP per capita PPP (USD) 9347.80 9502 9502 9502 9502 9502
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 Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 3.40 3.2 3.2 3.2 3.2 3
Population (Million) 0.75 0.76 0.76 0.76 0.76 0.77

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 2.30 4 4.2 3.9 4.2 4.5
Producer Prices (points) 118.80 122 124 127 131 153
Producer Prices Change (%) -4.70 -3.5 -1 2.2 7 10
Consumer Price Index Cpi (points) 141.60 143 144 144 145 148
Food Inflation (%) 4.30 5 4.5 4 4 4.5
Inflation Rate Mom (%) 0.40 1.8 1.8 1.8 1.5 1.5

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 7.04 7.04 7.04 6.8 8 9
Deposit Interest Rate (%) 2.00 2.8 2 2 2.8 2.8
Money Supply M2 (BTN Million) 124989.10 123929 125190 126450 127711 132755
Foreign Exchange Reserves (USD Million) 1125.20 1127 1115 1102 1090 1050

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (BTN Million) -8687.50 -5000 -5000 -5000 -9000 -9000
Current Account (BTN Million ) -31306.95 -29500 -29500 -29500 -29500 -29500
Current Account to GDP (%) -18.20 -9.5 -9.5 -9.5 -9.5 -7.5
Exports (BTN Million) 8571.50 13100 13100 13100 10500 10500
Imports (BTN Million) 17259.00 18100 18100 18100 19500 19500
Tourism Revenues (USD Million) 14.80 5.9 5.9 5.9 5.9 5.8
Tourist Arrivals 9339.00 4608 4933 4866 4866 4733
Foreign Direct Investment (BTN Million) 2773.80 72.3 72.3 72.3 84.5 84.5
External Debt (USD Million) 2642.10 3200 3200 2803 3200 3200

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 110.10 105 105 105 105 103
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1.6 -1.6 -2.5
Fiscal Expenditure (BTN Million) 56513.50 61700 61700 61700 61700 61700
Government Revenues (BTN Million) 54666.70 52140 52140 52140 52140 52140

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

Consumer Actual Q1 Q2 Q3 Q4 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.