Bhutan: Broad money (current LCU)

Key figures

What the numbers say

In 2024, Bhutan's broad money (current LCU) rose 11.5% on 2023 (from 209.28 billion to 233.38 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +17.5% and a typical year strayed about 13% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 58.9% in 1997. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 17.13 billion a year. A straight line explains 99% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 274.76 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 18.25 billion, against 34.75 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Bhutan had the 24th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bhutan in the 2024 ranking

• Albania — 20th of 32: 1.79 trillion
• North Macedonia — 21st of 32: 583.27 billion
• Djibouti — 22nd of 32: 524.41 billion
• Vanuatu — 24th of 32: 128.27 billion
• Botswana — 25th of 32: 115.36 billion
• Bulgaria — 26th of 32: 86.04 billion

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 42 values

Broad money (current LCU) in nearby economies

• Bangladesh — 26.39 trillion (2025)
• India — 193.74 trillion (2021)
• Maldives — 71.87 billion (2025)
• Nepal — 8.13 trillion (2025)
• Sri Lanka — 9.46 trillion (2019)

More financial sector data for Bhutan

• DEC alternative conversion factor (LCU per US$) — US$87.16 (2025)
• Official exchange rate (LCU per US$, period average) — US$87.16 (2025)
• GDP deflator (base year varies by country) — 140.94 (2025)
• Inflation, GDP deflator (annual % growth) — 3.16% (2025)
• Consumer price index (2010 = 100) — 225.79 (2025)
• Inflation, consumer prices (annual % growth) — 3.56% (2025)
• Deposit interest rate (%) — 4.5% (2025)
• Lending interest rate (%) — 11.76% (2025)
• Interest rate spread (lending rate minus deposit rate, %) — 7.26% (2025)
• Real interest rate (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bhutan's broad money (current LCU)?

233.38 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1983?

It is up 71,797% from 324.6 million in 1983 (17.4% a year on average, compounded). The highest value was 233.38 billion in 2024 and the lowest 324.6 million in 1983.

How does Bhutan rank?

24th highest of 32 economies with data for 2024.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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