Bhutan Real Interest Rate
Real interest rate FR.INR.RINR
Bhutan's real interest rate was 5.91% in 2025, ranked 29th globally. This represents a 5.2% increase from 2024. Data from World Bank, covering 1982–2025.
Overview
Bhutan's real interest rate stood at 5.91% in 2025, a rise of +0.29pp from 2024. Based on recent trends, this figure is projected to reach 5.91% by 2025. Bhutan ranked 29th globally.
Bhutan’s real interest rate has drifted from a high of 13.75% in 1987 to a historic low of –0.45% in 2000, reflecting the country’s transition from tight monetary conditions during the 1980s to accommodative policy amid the early 2000s global slowdown. Over the 44‑year series, the rate has settled at 5.91% in 2025, placing Bhutan 29th worldwide and just above Jordan’s 5.82% and slightly below Viet Nam’s 5.78%, indicating a relatively moderate stance compared with other emerging economies. The early‑peak figure exceeds the current level by more than seven percentage points, while the trough remains an outlier in the historical distribution. Recent stability around the mid‑single digits suggests that Bhutan’s monetary authority is balancing inflation control with growth objectives, but any resurgence of external shocks or fiscal imbalances could push the real rate back toward its earlier extremes. Continued vigilance on price dynamics will likely keep the trajectory modestly upward.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.16% | - | - |
| 2026* trend | 5.53% | - | - |
| 2025* trend | 5.91% | - | - |
| 2025 | 5.91% | +0.29pp | #29 |
| 2024 | 5.61% | −1.92pp | #38 |
| 2023 | 7.53% | −0.22pp | #68 |
| 2022 | 7.76% | +1.84pp | #92 |
| 2021 | 5.92% | −2.35pp | #83 |
| 2020 | 8.28% | −2.29pp | #71 |
| 2019 | 10.56% | −2.14pp | #96 |
| 2018 | 12.70% | +3.22pp | #105 |
| 2017 | 9.49% | −0.22pp | #107 |
| 2016 | 9.71% | −1.61pp | #95 |
| 2015 | 11.32% | +3.47pp | #99 |
| 2014 | 7.85% | +0.44pp | #83 |
| 2013 | 7.42% | +2.48pp | #82 |
| 2012 | 4.94% | +0.23pp | #64 |
| 2011 | 4.70% | −0.46pp | #77 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's real interest rate was 5.91% in 2025. Ranked 29th globally. This represents a 5.2% increase from the previous year.
Bhutan's real interest rate peaked at 13.75% in 1987.
The lowest real interest rate in Bhutan was -0.45% in 2000.
Bhutan ranks 29th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Bhutan's real interest rate is projected to reach 5.91% by 2025 based on trend extrapolation.
The real interest rate of Bhutan in 2025 was 5.91%. This ranks 29th in the world.
Cite this page
@misc{historysaid_bhutan_real-interest-rate,
title = {Bhutan Real Interest Rate},
url = {https://historysaid.com/bhutan/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}