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Bhutan Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

-2.64% −2.47% (-1,487.3%)
Year 2025 Rank #85 Global Peak 4.71% (1993) Source IMF WEO

Bhutan Budget Deficit (1981–2025)

Overview

Bhutan's budget deficit stood at -2.64% in 2025, a decline of +2.47% from 2024. The IMF projects -2.64% by 2025. Bhutan ranked 85th globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF -3.84% - -
2029* IMF -4.65% - -
2028* IMF -4.28% - -
2027* IMF -3.75% - -
2026* IMF -4.44% - -
2025* IMF -2.64% - -
2025 -2.64% −2.47% #85
2024 -0.17% +4.56% #150
2023 -4.73% +2.23% #50
2022 -6.95% −1.19% #24
2021 -5.76% −3.95% #61
2020 -1.81% −0.32% #168
2019 -1.49% +0.03% #104
2018 -1.52% +2.97% #100
2017 -4.49% −2.18% #44
2016 -2.31% −1.82% #103
2015 -0.49% −2.95% #154
2014 2.46% +7.00% #170
2013 -4.55% −2.44% #48
2012 -2.10% +0.92% #106
2011 -3.02% −4.95% #82
Show all years (1981-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +28.2% GDP growth 16.1% C/A balance 6.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Bhutan's budget deficit?

Bhutan's budget deficit was -2.64% in 2025. Ranked 85th globally. This represents a 1,487.3% decrease from the previous year.

What was the highest budget deficit in Bhutan?

Bhutan's budget deficit peaked at 4.71% in 1993.

What was the lowest budget deficit in Bhutan?

The lowest budget deficit in Bhutan was -12.17% in 2001.

How does Bhutan rank in budget deficit?

Bhutan ranks 85th globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Bhutan in 2025?

Bhutan's budget deficit is projected to reach -2.64% by 2025 based on IMF projection.

What is the budget deficit of Bhutan in 2025?

The budget deficit of Bhutan in 2025 was -2.64%. This ranks 85th in the world.

Cite this page

APA
Bhutan Budget Deficit. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/bhutan/budget-deficit
BibTeX
@misc{historysaid_bhutan_budget-deficit, title = {Bhutan Budget Deficit}, url = {https://historysaid.com/bhutan/budget-deficit}, publisher = {HistorySaid}, year = {2026} }