Home Bhutan Government Government Debt to GDP

Bhutan Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

105.61% −4.83% (-4.4%)
Year 2025 Rank #15 Global Peak 124.47% (2021) Source IMF WEO

Bhutan Government Debt to GDP (1993–2025)

Overview

Bhutan's government debt to gdp stood at 105.61% in 2025, a decline of +4.83% from 2024. The IMF projects 105.61% by 2025. Bhutan ranked 15th globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 134.57% - -
2029* IMF 141.06% - -
2028* IMF 125.56% - -
2027* IMF 124.43% - -
2026* IMF 121.11% - -
2025* IMF 105.61% - -
2025 105.61% −4.83% #15
2024 110.44% −6.61% #174
2023 117.05% −2.81% #175
2022 119.86% −4.61% #180
2021 124.47% +8.46% #180
2020 116.01% +15.24% #169
2019 100.78% −2.62% #176
2018 103.39% −0.68% #177
2017 104.08% +1.09% #177
2016 102.99% +12.83% #172
2015 90.16% +0.37% #168
2014 89.79% +2.35% #168
2013 87.44% +15.97% #167
2012 71.47% +9.14% #159
2011 62.33% +6.52% #147
Show all years (1993-2025)
* 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 government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Bhutan's government debt to gdp?

Bhutan's government debt to gdp was 105.61% in 2025. Ranked 15th globally. This represents a 4.4% decrease from the previous year.

What was the highest government debt to gdp in Bhutan?

Bhutan's government debt to gdp peaked at 124.47% in 2021.

What was the lowest government debt to gdp in Bhutan?

The lowest government debt to gdp in Bhutan was 32.98% in 1997.

How does Bhutan rank in government debt to gdp?

Bhutan ranks 15th globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

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

What is the projected government debt to gdp of Bhutan in 2025?

Bhutan's government debt to gdp is projected to reach 105.61% by 2025 based on IMF projection.

What is the government debt to gdp of Bhutan in 2025?

The government debt to gdp of Bhutan in 2025 was 105.61%. This ranks 15th in the world.

Cite this page

APA
Bhutan Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/bhutan/government-debt-to-gdp
BibTeX
@misc{historysaid_bhutan_government-debt-to-gdp, title = {Bhutan Government Debt to GDP}, url = {https://historysaid.com/bhutan/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }