Bhutan's personal remittances, received (% of GDP) was 3.28% in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.59 percentage points from 0.68% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.28% | 2024 |
| Five years earlier | 2.07% | 2019 |
| Ten years earlier | 0.68% | 2014 |
| Highest | 3.58% | 2023 |
| Lowest | 0.23% | 2007 |
| Average since 2015 | 2.46% | 2015–2024 |
| First recorded | 0.24% | 2006 |
What the numbers say
In 2024, Bhutan's personal remittances, received (% of GDP) fell 0.31 percentage points on 2023 (from 3.58% to 3.28%).
Across the 17 yearly changes before that (2007 to 2023), the average change was +0.2 percentage points and a typical year strayed about 0.45 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below 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 1.32 percentage points in 2020 and the biggest yearly fall was 0.75 percentage points in 2021. 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 0.28 percentage points a year. A straight line explains 86% 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 4.63% 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 0.25%, against 0.74% 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 18th highest value of the 29 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.
| Value | Year | |
|---|---|---|
| Bhutan | 3.28% | 2024 |
| World | 0.81% | 2025 |
| South Asia | 4.54% | 2025 |
| Lower middle income | 5.77% | 2025 |
Closest to Bhutan in the 2024 ranking
- Mali — 14th of 29: 3.99%
- Rwanda — 15th of 29: 3.42%
- Niger — 16th of 29: 3.3%
- Burkina Faso — 18th of 29: 2.57%
- Guinea — 19th of 29: 2.46%
- Côte d'Ivoire — 20th of 29: 2.03%
What this measures
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Personal remittances, received (% of GDP) |
|---|---|
| 2024 | 3.28 |
| 2023 | 3.58 |
| 2022 | 3.31 |
| 2021 | 2.65 |
| 2020 | 3.39 |
| 2019 | 2.07 |
| 2018 | 2.25 |
| 2017 | 1.67 |
| 2016 | 1.46 |
| 2015 | 0.8985 |
| 2014 |
Personal remittances, received (% of GDP) in nearby economies
- Bangladesh — 7.42% (2025)
- India — 3.81% (2025)
- Maldives — 0.08% (2025)
- Nepal — 32.31% (2025)
- Sri Lanka — 7.63% (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 personal remittances, received (% of GDP)?
- 3.28% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 3.04 percentage points from 0.24% in 2006. The highest value was 3.58% in 2023 and the lowest 0.23% in 2007.
Source
World Bank, World Development Indicators, indicator BX.TRF.PWKR.DT.GD.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); IMF balance of payments data, International Monetary Fund (IMF); World Bank GDP estimates, World Bank (WB); OECD GDP estimates, Organisation for Economic Co-operation and Development (OECD) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in