Bhutan: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Bhutan

Remittances as percent of GDP

 Latest value 3.31
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 1.23
 Min - Max 0.00 - 3.39
 Source The World Bank
The latest value from 2022 is 3.31 percent, an increase from 2.65 percent in 2021. In comparison, the world average is 5.62 percent, based on data from 182 countries. Historically, the average for Bhutan from 2005 to 2022 is 1.23 percent. The minimum value, 0 percent, was reached in 2005 while the maximum of 3.39 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Bhutan - Remittances, percent of GDP - Recent values chart

Historical series
Bhutan - Remittances, percent of GDP - historical chart - 2005-2022




Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

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 Related indicators Latest Reference Measure
 Terms of trade 151.20 2021 percent
 Trade openness 85.93 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 25.79 2022 percent
 Exports, billion dollars 0.75 2022 billion U.S. dollars
 Growth of exports -8.10 2022 percent
 Imports, percent of GDP 60.14 2022 percent
 Imports, billion dollars 1.74 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.29 2022 percent
 Foreign Direct Investment, billion dollars 0.01 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2023 million dollars (current)
 Current account, percent of GDP -33.73 2023 percent
 Current account, in dollars -1.00 2023 billion U.S. dollars
 Trade balance, percent of GDP -34.35 2022 percent
 Trade balance, in dollars -0.94 2023 billion U.S. dollars
 Reserves 0.98 2021 billion U.S. dollars
 Remittances, percent of GDP 3.31 2022 percent
 Remittances 107.94 2023 million U.S. dollars
 Net errors and omissions 165.96 2023 million USD
 External debt 117.52 2021 percent
 Short-term external debt 0.19 2022 percent
 Short-term debt to reserves 0.30 2021 percent
 Foreign exchange reserves 101.43 6/2024 billion
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