Bhutan's manufacturing, value added (constant LCU) was 10.07 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.7% from 10.24 billion in 2014 (0.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.07 billion | 2024 |
| Five years earlier | 11.67 billion | 2019 |
| Ten years earlier | 10.24 billion | 2014 |
| Highest | 11.97 billion | 2018 |
| Lowest | 321.37 million | 1980 |
| Average since 2015 | 10.47 billion | 2015–2024 |
| First recorded | 321.37 million |
What the numbers say
In 2024, Bhutan's manufacturing, value added (constant LCU) rose 2.6% on 2023 (from 9.82 billion to 10.07 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.4% and a typical year strayed about 9.2% 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 145.6% in 1981 and the biggest yearly fall was 24.3% 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 downward, about 205.53 million a year. A straight line explains 33% 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 37 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 Zealand — 14th of 37: 29.04 billion
- Djibouti — 15th of 37: 27.94 billion
- Trinidad and Tobago — 16th of 37: 26.16 billion
- Vanuatu — 18th of 37: 6.26 billion
- Sierra Leone — 19th of 37: 4.11 billion
- Cuba — 20th of 37: 3.53 billion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 45 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2024 | 10,067,757,600 |
| 2023 | 9,815,000,000 |
| 2022 | 9,825,249,600 |
| 2021 | 9,205,961,500 |
| 2020 | 8,835,926,700 |
| 2019 | 11,674,860,700 |
| 2018 | 11,974,692,300 |
| 2017 | 11,659,835,000 |
| 2016 | 10,952,573,400 |
| 2015 | 10,693,460,500 |
Manufacturing, value added (constant LCU) in nearby economies
- Bangladesh — 8.43 trillion (2025)
- India — 47.84 trillion (2025)
- Maldives — 1.83 billion (2025)
- Nepal — 129.25 billion (2025)
- Sri Lanka — 2.17 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 manufacturing, value added (constant LCU)?
- 10.07 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 3,033% from 321.37 million in 1980 (8.14% a year on average, compounded). The highest value was 11.97 billion in 2018 and the lowest 321.37 million in 1980.
- How does Bhutan rank?
- 18th highest of 37 economies with data for 2024.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Bhutan?
- In 2024, Bhutan's manufacturing, value added (constant LCU) rose 2.6% on 2023 (from 9.82 billion to 10.07 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.4% and a typical year strayed about 9.2% 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 NV.IND.MANF.KN, 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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