Bhutan: Trade openness
* indicates monthly or quarterly data series
| Bhutan |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 79.36 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1980 - 2024 |
| Average | 80.96 |
| Min - Max | 54.11 - 108.16 |
| Source | The World Bank |
The latest value from 2024 is 79.36 percent, a decline from 81.74 percent in 2023. In comparison, the world average is 90.58 percent, based on data from 166 countries. Historically, the average for Bhutan from 1980 to 2024 is 80.96 percent. The minimum value, 54.11 percent, was reached in 1980 while the maximum of 108.16 percent was recorded in 2006.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 126.10 | 2024 | percent |
| Trade openness | 79.36 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 31.49 | 2024 | percent |
| Exports, billion dollars | 1.05 | 2024 | billion U.S. dollars |
| Growth of exports | 19.33 | 2024 | percent |
| Imports, percent of GDP | 47.87 | 2024 | percent |
| Imports, billion dollars | 1.60 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.08 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.00 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | -19.40 | 2024 | percent |
| Current account, in dollars | -0.65 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | -16.37 | 2024 | percent |
| Trade balance, in dollars | -0.56 | 2024 | billion U.S. dollars |
| Reserves | 1.19 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 3.58 | 2023 | percent |
| Remittances | 109.60 | 2024 | million U.S. dollars |
| Net errors and omissions | 350.13 | 2024 | million USD |
| External debt | 111.84 | 2023 | percent |
| Short-term external debt | 0.03 | 2023 | percent |
| Short-term debt to reserves | 0.14 | 2023 | percent |