Bhutan PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Bhutan's ppp conversion factor was 19.56 in 2025, ranked 71st globally. This represents a 0.2% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Bhutan's ppp conversion factor stood at 19.56 in 2025, a rise of +0.04 from 2023. Based on recent trends, this figure is projected to reach 19.56 by 2025. Bhutan ranked 71st globally.
Bhutan’s purchasing power parity (PPP) conversion factor has risen dramatically over the 35‑year series, moving from an all‑time trough of 5.66 in 1990 to a peak of 19.61 in 2021 and a latest 2025 value of 19.56, placing the kingdom 71st globally. This more than threefold increase reflects sustained improvements in price level differentials relative to the United States dollar, driven by gradual market liberalisation, modest inflation control, and expanding tourism revenues. The 2025 figure is only marginally below the 2021 high, indicating that the upward momentum has largely plateaued. Bhutan’s conversion factor now sits close to peers such as the Philippines (19.22) and North Macedonia (20.06), suggesting comparable purchasing power to many lower‑middle‑income economies. Continued fiscal prudence, diversification of export bases and deeper integration into regional supply chains could push the factor above the recent ceiling, while external shocks to tourism or commodity prices would likely reverse the modest recent gains.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 19.60 | - | - |
| 2025* trend | 19.56 | - | - |
| 2025 | 19.56 | +0.04 | #71 |
| 2023 | 19.52 | +0.15 | #128 |
| 2022 | 19.37 | −0.24 | #129 |
| 2021 | 19.61 | +0.65 | #130 |
| 2020 | 18.96 | −0.55 | #130 |
| 2019 | 19.51 | +0.08 | #131 |
| 2018 | 19.43 | +0.27 | #132 |
| 2017 | 19.16 | +0.37 | #133 |
| 2016 | 18.79 | +0.24 | #133 |
| 2015 | 18.55 | −0.10 | #134 |
| 2014 | 18.65 | +0.53 | #134 |
| 2013 | 18.12 | +0.98 | #134 |
| 2012 | 17.14 | +0.74 | #135 |
| 2011 | 16.40 | +1.03 | #135 |
| 2010 | 15.37 | +1.01 | #133 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's ppp conversion factor was 19.56 in 2025. Ranked 71st globally. This represents a 0.2% increase from the previous year.
Bhutan's ppp conversion factor peaked at 19.61 in 2021.
The lowest ppp conversion factor in Bhutan was 5.66 in 1990.
Bhutan ranks 71st globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Bhutan's ppp conversion factor is projected to reach 19.56 by 2025 based on trend extrapolation.
The ppp conversion factor of Bhutan in 2025 was 19.56. This ranks 71st in the world.
Cite this page
@misc{historysaid_bhutan_ppp-conversion-factor,
title = {Bhutan PPP Conversion Factor},
url = {https://historysaid.com/bhutan/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}