Bhutan Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Bhutan's foreign reserves was $569.5M in 2025, ranked 145th globally. This represents a 39.5% decrease from 2024. Data from World Bank, covering 1983–2025.
Overview
Bhutan's foreign reserves stood at $569.5M in 2025, a decline of +$371.5M from 2024. Based on recent trends, this figure is projected to reach $569.5M by 2025. Bhutan ranked 145th globally.
Bhutan’s foreign exchange reserves have risen from a modest 35,480,122.79 in 1983, the lowest point in the 43‑year series, to a peak of 1,426,914,817.74 in 2020 before easing to 569,479,107.30 in 2025, placing the kingdom at rank 145 globally. The post‑peak decline reflects a combination of higher import bills and modest export growth, yet the 2025 reserve level still exceeds the early‑stage baseline by more than fifteenfold. Compared with peer nations of similar rank, Bhutan’s reserves are slightly below Sierra Leone’s 599,954,719.52 and the Republic of Congo’s 561,403,085.70, while remaining above Samoa’s 553,679,043.92, suggesting a comparable buffer among small economies. The upward trajectory of reserves since the 1980s indicates a strengthening external position, but sustaining or expanding this buffer will depend on continued fiscal prudence, diversification of export markets and prudent debt management.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $296.1M | - | - |
| 2026* trend | $432.8M | - | - |
| 2025* trend | $569.5M | - | - |
| 2025 | $569.5M | −$371.5M | #145 |
| 2024 | $941.0M | +$286.5M | #117 |
| 2023 | $654.5M | −$171.3M | #143 |
| 2022 | $825.8M | −$223.9M | #140 |
| 2021 | $1.0B | −$377.3M | #133 |
| 2020 | $1.4B | +$188.5M | #122 |
| 2019 | $1.2B | +$251.1M | #123 |
| 2018 | $987.2M | −$219.0M | #125 |
| 2017 | $1.2B | +$79.0M | #119 |
| 2016 | $1.1B | +$24.1M | #117 |
| 2015 | $1.1B | −$141.9M | #121 |
| 2014 | $1.2B | +$253.8M | #120 |
| 2013 | $991.3M | +$36.6M | #125 |
| 2012 | $954.7M | +$165.0M | #130 |
| 2011 | $789.6M | −$212.5M | #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 foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's foreign reserves was $569.5M in 2025. Ranked 145th globally. This represents a 39.5% decrease from the previous year.
Bhutan's foreign reserves peaked at $1.4B in 2020.
The lowest foreign reserves in Bhutan was $35.5M in 1983.
Bhutan ranks 145th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Bhutan's foreign reserves is projected to reach $569.5M by 2025 based on trend extrapolation.
Bhutan's foreign reserves was approximately 569.48 million ($569.5M) in 2025.
The foreign reserves of Bhutan in 2025 was $569.5M. This ranks 145th in the world.
Cite this page
@misc{historysaid_bhutan_reserves,
title = {Bhutan Foreign Reserves},
url = {https://historysaid.com/bhutan/reserves/},
publisher = {HistorySaid},
year = {2026}
}