Bhutan's gross capital formation (current LCU) was 119.29 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 65.56% from 72.05 billion in 2014 (5.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 119.29 billion | 2024 |
| Five years earlier | 88.78 billion | 2019 |
| Ten years earlier | 72.05 billion | 2014 |
| Highest | 127.07 billion | 2022 |
| Lowest | 318.96 million | 1980 |
| Average since 2015 | 96.52 billion | 2015–2024 |
| First recorded | 318.96 million |
What the numbers say
In 2024, Bhutan's gross capital formation (current LCU) rose 5.9% on 2023 (from 112.65 billion to 119.29 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +15% and a typical year strayed about 22.3% from that (the standard deviation). This year's change was 0.4 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 84.7% in 2000 and the biggest yearly fall was 19.9% in 2020. 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 4.07 billion a year. A straight line explains 48% 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.
How it compares
In 2024, Bhutan had the 14th highest value of the 38 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
- New Caledonia — 11th of 38: 208.58 billion
- Zambia — 12th of 38: 157.5 billion
- French Polynesia — 13th of 38: 152.8 billion
- Ghana — 15th of 38: 117.1 billion
- New Zealand — 16th of 38: 99.78 billion
- Zimbabwe — 17th of 38: 72.8 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 45 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 119,287,393,800 |
| 2023 | 112,649,712,100 |
| 2022 | 127,071,824,100 |
| 2021 | 90,847,659,600 |
| 2020 | 71,150,410,100 |
| 2019 | 88,782,414,300 |
| 2018 | 95,430,809,600 |
| 2017 | 91,409,897,500 |
| 2016 | 89,344,114,600 |
| 2015 | 79,202,551,600 |
Gross capital formation (current LCU) in nearby economies
- Bangladesh — 15.74 trillion (2025)
- India — 119.54 trillion (2025)
- Maldives — 33.47 billion (2024)
- Nepal — 1.82 trillion (2025)
- Sri Lanka — 9.71 trillion (2025)
More economic policy & debt data for Bhutan
- Grants, excluding technical cooperation (BoP, current US$) — US$40.14 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$77.45 million (2023)
- Net official development assistance and official aid received (current US$) — US$156.84 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$156.84 million (2023)
- Net official development assistance received (current US$) — US$156.84 million (2023)
- Net official development assistance received (constant 2023 US$) — US$156.84 million (2023)
- Net ODA received per capita (current US$) — US$199.44 (2023)
- Net bilateral aid flows from DAC donors, Japan (current US$)
Reading data like this
Questions people ask
- What is Bhutan's gross capital formation (current LCU)?
- 119.29 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 37,299% from 318.96 million in 1980 (14.41% a year on average, compounded). The highest value was 127.07 billion in 2022 and the lowest 318.96 million in 1980.
- How does Bhutan rank?
- 14th highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for Bhutan?
- In 2024, Bhutan's gross capital formation (current LCU) rose 5.9% on 2023 (from 112.65 billion to 119.29 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +15% and a typical year strayed about 22.3% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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