Bhutan: Trade (% of GDP)
In , Bhutan's Trade (% of GDP) was 81.74.
That's down 4.5% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 108.16
- Trough
- 71.83
- 1-year change
- -4.5%
- 5-year change
- +2.5%
- +0.5% / yr
- 10-year change
- -14.0%
- -1.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 81.7366 | |
| 85.5712 | |
| 77.5824 | |
| 71.8304 | |
| 76.1235 | |
| 79.7397 | |
| 76.7884 | |
| 76.3848 | |
| 89.6392 | |
| 87.9343 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Bhutan's Trade (% of GDP) in 2023?
- In 2023, Bhutan's Trade (% of GDP) was 81.74, according to World Bank Open Data.
- Is Bhutan's Trade (% of GDP) rising or falling?
- Bhutan's Trade (% of GDP) fell 4.5% from 2022 to 2023.
- How does Bhutan's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Bhutan is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.