Bhutan: Gross savings (% of GDP)

Key figures

What the numbers say

In 2024, Bhutan's gross savings (% of GDP) rose 5.33 percentage points on 2023 (from 17.61% to 22.94%).

Across the 17 yearly changes before that (2007 to 2023), the average change was −2.14 percentage points and a typical year strayed about 5.53 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 8.25 percentage points in 2012 and the biggest yearly fall was 11.9 percentage points in 2007. 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 downward, about 1.4 percentage points a year. A straight line explains 63% 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 18th highest value of the 48 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

• Nicaragua — 15th of 48: 28.48%
• Oman — 16th of 48: 27.72%
• Malta — 17th of 48: 25.89%
• Rwanda — 19th of 48: 22.78%
• Mauritius — 20th of 48: 21.11%
• Belize — 21st of 48: 20.33%

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 19 values

Gross savings (% of GDP) in nearby economies

• Bangladesh — 34.81% (2025)
• India — 34.7% (2025)
• Maldives — 11.19% (2024)
• Nepal — 43.05% (2025)
• Sri Lanka — 31.22% (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

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Questions people ask

What is Bhutan's gross savings (% of GDP)?

22.94% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 31.07 percentage points from 54.01% in 2006. The highest value was 54.01% in 2006 and the lowest 17.61% in 2023.

How does Bhutan rank?

18th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GDP) unusual for Bhutan?

In 2024, Bhutan's gross savings (% of GDP) rose 5.33 percentage points on 2023 (from 17.61% to 22.94%). Across the 17 yearly changes before that (2007 to 2023), the average change was −2.14 percentage points and a typical year strayed about 5.53 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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