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Paro Taktsang (spa phro stag tshang / spa gro stag tshang), is the popular name of Taktsang Palphug Monastery (also known as The Tiger's Nest),[1] a…

Photo: VIkramjit Kakati derivative work: ויקיג'אנקי · CC BY-SA 3.0 · via Wikimedia Commons, shown in greyscale

Economy & Innovation

68th

of 176 countries placed

Placed from 2 of 4 key statistics

01The evidence

The 4 key statistics that decide it

Only these place Bhutan on economy & innovation — one vote each. Every value is the publisher’s own, read at the edition the Country Index 2026 used — or, for a survey-based key, each country’s latest reading; the grey ticks are every other country it was compared with, lowest on the left.

Why these keys
  1. Key 1 of 4

    GDP per Capita (PPP)

    World Bank Group

    Why it is a key

    2025 edition · data for 2025 · CC BY 4.0

    16,744

    GDP per capita (constant 2021 international $, PPP)

    Higher is better

    Bhutan: 16,744. Across the 185 countries in this edition, values run from 1,067 (Burundi) to 139,593 (Singapore); the world median is 17,265.

    World median
    17,265
    Best in Southern Asia
    24,401 Maldives
    Land neighbours
    China 25,067 · India 10,039
  2. Key 2 of 4

    Firms with a Bank Loan or Line of Credit

    World Bank Group

    Why it is a key

    Latest reading per country, 2016–2025 · Bhutan’s is from 2024 · CC BY 4.0

    44.34

    Firms with a bank loan or line of credit (%)

    Higher is better

    Bhutan: 44.34. Across the 179 countries at their latest reading, values run from 2.113 (Pakistan) to 88.52 (Israel); the world median is 35.95.

    World median
    35.95
    Best in Southern Asia
    57.85 Nepal
    Land neighbours
    China 29.49 · India 21.46
  3. Key 3 of 4

    Economic Complexity Index

    Growth Lab at Harvard University

    Why it is a key

    2024 edition · data for 2024 · CC0 1.0

    No reading

    ECI score (standardised, roughly −3 to +3)

    Higher is better

    Growth Lab at Harvard University publishes no 2024 figure for Bhutan, so the standing rests on the other keys.

    Across the 145 countries in this edition, values run from -3.53 (Chad) to 1.729 (Japan); the world median is 0.131.

    World median
    0.131
    Best in Southern Asia
    0.705 India
    Land neighbours
    China 1.271 · India 0.705
  4. Key 4 of 4

    Account Ownership at a Financial Institution

    World Bank Group

    Why it is a key

    2024 edition · data for 2024 · CC BY 4.0

    No reading

    Adults with an account (% of population aged 15+)

    Higher is better

    World Bank Group publishes no 2024 figure for Bhutan, so the standing rests on the other keys.

    Across the 139 countries in this edition, values run from 14.83 (Niger) to 99.85 (Iceland); the world median is 72.83.

    World median
    72.83
    Best in Southern Asia
    91.06 Iran
    Land neighbours
    China 89.38 · India 89.02

03In context

Bhutan beside its neighbours

A position reads best beside the countries around it. Every position below is a place among all 176 countries on economy & innovation, never a place within the region.

Southern Asia
1st176thNot placed · 48 countries with too few key statisticsNo data

The whole world on economy & innovation

Bhutan and the countries it borders

Standing among all 176; the key columns are the publishers’ own values.

CountryStandingGDP per Capita (PPP)GDP per capita (constant 2021 international $, PPP)Firms with a Bank Loan or Line of CreditFirms with a bank loan or line of credit (%)Economic Complexity IndexECI score (standardised, roughly −3 to +3)Account Ownership at a Financial InstitutionAdults with an account (% of population aged 15+)
China=46th25,06729.491.27189.38
Bhutan68th16,74444.34——
India86th10,03921.460.70589.02

“—”: no published reading in that edition. What a standing is

Across Southern Asia

Every country in the sub-region, by its place among all 176.

Placed either side on economy & innovation

The countries immediately above and below Bhutan in the topic’s list.

04Context, no vote

Where Bhutan is ahead of the world, and behind

37 more statistics filed under economy & innovation, published in full and deliberately given no vote in the standing. Select a row for the publisher, the rank and the links.

Every country

Ahead of the world median6

Statistics on which Bhutan does better than the middle country measured.

  • GDP GrowthWorld Bank Group · 2025 · world median 3.3968.005▲ Improved since 2015

    Bhutan: 8.005 · world median 3.396 · GDP growth (annual %). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -5.847 to 19.34; higher is better.

    Position 11th of 186 · derived.

    Chart and every countryThe 2025 dataset

  • Firms Competing Against Informal FirmsWorld Bank Group · 2026 · world median 41.8113.83No earlier reading

    Bhutan: 13.83 · world median 41.81 · Firms competing against unregistered or informal firms (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 1.926 to 90.5; lower is better.

    Position 167th of 181 · derived, 1st = worst.

    Chart and every countryThe 2026 dataset

  • Livestock Production IndexFAO · 2022 · world median 107.06132.29▲ Improved since 2012

    Bhutan: 132.29 · world median 107.06 · Livestock production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 35.52 to 190.08; higher is better.

    Position 28th of 194 · derived.

    Chart and every countryThe 2022 dataset

  • Adjusted Net SavingsWorld Bank Group · 2021 · world median 8.38913.35▼ Worsened since 2011

    Bhutan: 13.35 · world median 8.389 · Adjusted net savings, including particulate emission damage (% of GNI). World Bank Group, 2021 edition, data for 2021.

    Published values in that edition run from -81.62 to 32.18; higher is better.

    Position 38th of 118 · derived.

    Chart and every countryThe 2021 dataset

  • Informal Output (DGE Model Estimate)World Bank Group (Prospects Group) · 2020 · world median 27.522.83▲ Improved since 2010

    Bhutan: 22.83 · world median 27.5 · Informal output, model estimate (% of official GDP). World Bank Group (Prospects Group), 2020 edition, data for 2020.

    Published values in that edition run from 7.91 to 60.43; lower is better.

    Chart and every countryThe 2020 dataset

  • Productive Capacities IndexUNCTAD · 2022 · world median 46.6747.33▲ Improved since 2012

    Bhutan: 47.33 · world median 46.67 · Productive Capacities Index (1–100). UN Trade and Development (UNCTAD), 2022 edition, data for 2022.

    Published values in that edition run from 17.8 to 71.02; higher is better.

    Position 93rd of 195 · derived.

    Chart and every countryThe 2022 dataset

Behind the world median16

Statistics on which Bhutan does worse than the middle country measured.

  • Regulatory QualityWorld Bank Group · 2025 · world median -0.093-0.093▲ Improved since 2015

    Bhutan: -0.093 · world median -0.093 · Regulatory Quality (−2.5 to 2.5). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -2.106 to 2.113; higher is better.

    Position 106th of 209 · derived.

    Chart and every countryThe 2025 dataset

  • Government AI Readiness IndexOxford Insights · 2025 · world median 40.1939.38▲ Improved since 2020

    Bhutan: 39.38 · world median 40.19 · AI readiness score (0–100). Oxford Insights, 2025 edition, data for 2025.

    Published values in that edition run from 12.12 to 88.36; higher is better.

    Ranked 101st of 195 by Oxford Insights.

    Chart and every countryThe 2025 dataset

  • Average Monthly Earnings of EmployeesILO · 2024 · world median 1,6361,352▲ Improved since 2018

    Bhutan: 1,352 · world median 1,636 · Average monthly earnings of employees (2021 PPP $). International Labour Organization (ILO), 2024 edition, data for 2024.

    Published values in that edition run from 193.28 to 9,307; higher is better.

    Position 45th of 75 · derived.

    Chart and every countryThe 2024 dataset

  • Actual Individual Consumption per Capita (PPP)World Bank Group · 2021 · world median 12,8008,852▲ Improved since 2017

    Bhutan: 8,852 · world median 12,800 · Actual individual consumption per capita (PPP, current international $). World Bank Group, 2021 edition, data for 2021.

    Published values in that edition run from 688.7 to 52,654; higher is better.

    Position 107th of 173 · derived.

    Chart and every countryThe 2021 dataset

  • Debt Service on External DebtWorld Bank Group · 2024 · world median 12.9316.58▲ Improved since 2014

    Bhutan: 16.58 · world median 12.93 · Total debt service (% of exports of goods, services and primary income). World Bank Group, 2024 edition, data for 2024.

    Published values in that edition run from 0.285 to 96.2; lower is better.

    Position 42nd of 109 · derived, 1st = worst.

    Chart and every countryThe 2024 dataset

  • Researchers per Million InhabitantsUIS · 2024 · world median 701.95236.31No earlier reading

    Bhutan: 236.31 · world median 701.95 · Researchers per million inhabitants (full-time equivalent). UNESCO Institute for Statistics (UIS), 2024 edition, data for 2024.

    Published values in that edition run from 1.446 to 18,130; higher is better.

    Position 98th of 145 · derived.

    Chart and every countryThe 2024 dataset

  • Frontier Technology Readiness IndexUNCTAD · 2023 · world median 0.4850.353No real change since 2013

    Bhutan: 0.353 · world median 0.485 · Frontier Technology Readiness Index (0–1). UN Trade and Development (UNCTAD), 2023 edition, data for 2023.

    Published values in that edition run from 0 to 1; higher is better.

    Position 117th of 170 · derived.

    Chart and every countryThe 2023 dataset

  • Management Practices IndexWorld Bank Group · 2026 · world median 52.3947.81No earlier reading

    Bhutan: 47.81 · world median 52.39 · Management practices index, medium and large firms (0–100). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 28.07 to 69.29; higher is better.

    Position 120th of 169 · derived.

    Chart and every countryThe 2026 dataset

  • Water-Use EfficiencyFAO · 2023 · world median 16.17.05▲ Improved since 2013

    Bhutan: 7.05 · world median 16.1 · Value added per cubic metre of freshwater withdrawn (constant US$ per m³). Food and Agriculture Organization of the United Nations (FAO), 2023 edition, data for 2023.

    Published values in that edition run from 0.38 to 1,378; higher is better.

    Chart and every countryThe 2023 dataset

  • Logistics Performance IndexWorld Bank Group · 2023 · world median 2.92.5▲ Improved since 2014

    Bhutan: 2.5 · world median 2.9 · LPI score (1–5). World Bank Group, 2023 edition, data for 2023.

    Published values in that edition run from 1.9 to 4.3; higher is better.

    Ranked 97th of 139 by World Bank Group.

    Chart and every countryThe 2023 dataset

  • Digitally-Deliverable Services ExportsUNCTAD · 2024 · world median 25.428.897▲ Improved since 2014

    Bhutan: 8.897 · world median 25.42 · Digitally-deliverable services exports (% of services exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 0.377 to 87.15; higher is better.

    Position 134th of 170 · derived.

    Chart and every countryThe 2024 dataset

  • Firms with an International Quality CertificationWorld Bank Group · 2026 · world median 10.42.514No earlier reading

    Bhutan: 2.514 · world median 10.4 · Firms with an internationally recognised quality certification (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 0 to 45.77; higher is better.

    Chart and every countryThe 2026 dataset

  • Research and Development SpendingUIS · 2023 · world median 0.8140.108No earlier reading

    Bhutan: 0.108 · world median 0.814 · Gross domestic expenditure on R&D (% of GDP). UNESCO Institute for Statistics (UIS), 2023 edition, data for 2023.

    Published values in that edition run from 0.006 to 6.346; higher is better.

    Position 76th of 84 · derived.

    Chart and every countryThe 2023 dataset

  • ICT Services ExportsUNCTAD · 2024 · world median 7.4740.447▲ Improved since 2014

    Bhutan: 0.447 · world median 7.474 · ICT services exports (% of services exports). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 0 to 56.25; higher is better.

    Position 112th of 118 · derived.

    Chart and every countryThe 2024 dataset

  • Food Production IndexFAO · 2022 · world median 106.0877.75▼ Worsened since 2012

    Bhutan: 77.75 · world median 106.08 · Food production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 71.08 to 177.49; higher is better.

    Position 189th of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Crop Production IndexFAO · 2022 · world median 106.2368.09▼ Worsened since 2012

    Bhutan: 68.09 · world median 106.23 · Crop production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 53.79 to 189.93; higher is better.

    Position 190th of 195 · derived.

    Chart and every countryThe 2022 dataset

No better end15

These describe the shape of a country — more is not better or worse, only different — so they are never ahead or behind.

  • Industry Value Added including Construction (% of GDP)World Bank Group · 2025 · world median 24.6533.16Moved since 2015

    Bhutan: 33.16 · world median 24.65 · Industry, including construction, value added (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from 2.228 to 75.09.

    Position 34th of 158 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

  • Agriculture, Forestry and Fishing Value Added (% of GDP)World Bank Group · 2025 · world median 6.57213.68Moved since 2015

    Bhutan: 13.68 · world median 6.572 · Agriculture, forestry and fishing value added (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from 0.025 to 47.59.

    Position 45th of 158 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

  • Export Concentration IndexUNCTAD · 2025 · world median 0.3060.441Moved since 2015

    Bhutan: 0.441 · world median 0.306 · Export concentration index (0–1, normalised Herfindahl–Hirschman). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 0.059 to 0.933.

    Chart and every countryThe 2025 dataset

  • Terms of Trade IndexUNCTAD · 2025 · world median 103.23113.42Moved since 2015

    Bhutan: 113.42 · world median 103.23 · Terms of trade index (2015 = 100). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 38.2 to 1,448.

    Chart and every countryThe 2025 dataset

  • Tariff Rate, Applied, Weighted Mean, All ProductsWorld Bank Group · 2022 · world median 3.664.79Moved since 2015

    Bhutan: 4.79 · world median 3.66 · Applied tariff rate, trade-weighted mean (%). World Bank Group, 2022 edition, data for 2022.

    Published values in that edition run from 0 to 29.52.

    Chart and every countryThe 2022 dataset

  • Total Natural Resources Rents (% of GDP)World Bank Group · 2021 · world median 1.7082.733Moved since 2011

    Bhutan: 2.733 · world median 1.708 · Natural resources rents (% of GDP). World Bank Group, 2021 edition, data for 2021.

    Published values in that edition run from 0 to 61.03.

    Position 84th of 180 · derived, counted from the highest value.

    Chart and every countryThe 2021 dataset

  • Gross Savings (% of GDP)World Bank Group · 2024 · world median 22.0622.94Moved since 2014

    Bhutan: 22.94 · world median 22.06 · Gross savings (% of GDP). World Bank Group, 2024 edition, data for 2024.

    Published values in that edition run from -21.13 to 47.82.

    Position 68th of 146 · derived, counted from the highest value.

    Chart and every countryThe 2024 dataset

  • Inflation, GDP DeflatorWorld Bank Group · 2025 · world median 3.3063.156Moved since 2015

    Bhutan: 3.156 · world median 3.306 · Annual change in the GDP implicit deflator (%). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -7.93 to 227.09.

    Chart and every countryThe 2025 dataset

  • Services ExportsUNCTAD · 2025 · world median 9.6028.883Moved since 2015

    Bhutan: 8.883 · world median 9.602 · Services exports (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 0.085 to 166.21.

    Chart and every countryThe 2025 dataset

  • Commodity Export DependenceUNCTAD · 2024 · world median 67.1755.85Moved since 2014

    Bhutan: 55.85 · world median 67.17 · Commodity exports (% of merchandise exports, three-year average). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 4.605 to 99.77.

    Chart and every countryThe 2024 dataset

  • Scholarly ArticlesOurResearch · 2025 · world median 2,240223Moved since 2022

    Bhutan: 223 · world median 2,240 · Articles with at least one author at an institution in the country (full counting). OpenAlex (OurResearch), 2025 edition, data for 2025.

    Published values in that edition run from 1 to 1,094,890.

    Chart and every countryThe 2025 dataset

  • Tax Revenue (% of GDP)OECD · 2024 · world median 21.8513.17Moved since 2014

    Bhutan: 13.17 · world median 21.85 · Total tax revenue, all levels of government (% of GDP). OECD, 2024 edition, data for 2024.

    Published values in that edition run from 3.11 to 45.18.

    Chart and every countryThe 2024 dataset

  • Foreign Direct Investment InflowsUNCTAD · 2025 · world median 1.9680.237No real change since 2015

    Bhutan: 0.237 · world median 1.968 · FDI inflows (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from -32.97 to 2,221.

    Chart and every countryThe 2025 dataset

  • Statutory Minimum WageILO · 2024 · world median 657.95179.61Moved since 2014

    Bhutan: 179.61 · world median 657.95 · Statutory minimum wage per month (2021 PPP $). International Labour Organization (ILO), 2024 edition, data for 2024.

    Published values in that edition run from 4.038 to 3,804.

    Chart and every countryThe 2024 dataset

  • Price Level of Household ConsumptionGGDC · 2023 · world median 0.5230.302Moved since 2013

    Bhutan: 0.302 · world median 0.523 · Price level of household consumption (US output price level in 2021 = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.

    Published values in that edition run from 0.177 to 65.54.

    Chart and every countryThe 2023 dataset

“Position · derived” is this site’s ordering of the published values, 1st = best unless the row says otherwise; the publisher ranks no country on it. Rank, position and standing

06The top of the list

Who leads on economy & innovation

The three countries placed highest of 176, and the leaders Bhutan can most readily be measured against.

All 176 countries
  1. 1

    Austria

    Western Europe

    1st of 176 · 4 of 4 keys

    Photo: chensiyuan · CC BY-SA 4.0, greyscale

  2. 2

    Japan

    Eastern Asia

    2nd of 176 · 4 of 4 keys

    Photo: JurriaanH · CC BY-SA 3.0, greyscale

  3. 3

    Germany

    Western Europe

    3rd of 176 · 4 of 4 keys

    Photo: dronepicr · CC BY 2.0, greyscale

Placed highest nearby

  1. Highest in Asia

    Japan2nd4/4 keys
  2. Highest in Southern Asia

    Bhutan68th2/4 keys

Positions out of 176 placed on the topic. A country needs readings on enough keys to be placed, and the top of the list is often held on fewer of them.

08Questions

Bhutan on economy & innovation: questions answered

Every answer is built from the numbers on this page, so none can say something the page does not.

How does Bhutan rank on economy & innovation?

Bhutan is placed 68th of 176 countries on Economy & Innovation in the Country Index 2026, from 2 of its 4 key statistics (GDP per Capita (PPP) and Firms with a Bank Loan or Line of Credit). The position is this site’s ordering of published statistics, not a rank any publisher printed.

What is the latest GDP per Capita (PPP) figure for Bhutan?

16,744 in 2025 (gDP per capita (constant 2021 international $, PPP)), according to World Bank Group. The world median in the same edition was 17,265.

What is the latest Firms with a Bank Loan or Line of Credit figure for Bhutan?

44.34 in 2025 (firms with a bank loan or line of credit (%)), according to World Bank Group. The world median in the same edition was 35.95.

How does Bhutan compare with India on economy & innovation?

India is placed 86th of 176, and Bhutan 68th. GDP per Capita (PPP): India 10,039, Bhutan 16,744; Firms with a Bank Loan or Line of Credit: India 21.46, Bhutan 44.34.

How have Bhutan’s economy & innovation figures changed?

GDP per Capita (PPP) rose from 5,288 in 2000 to 16,744 in 2025.

Which economy & innovation statistics are missing for Bhutan?

No current reading is published for Bhutan on Account Ownership at a Financial Institution, Business Ready: Operational Efficiency, Business Ready: Public Services, Business Ready: Regulatory Framework, Complexity Outlook Index, Comprehensive Wealth per Capita, Container Port Traffic, Creative Goods Exports, Creative Services Exports, Economic Complexity Index, Exports of Goods and Services (% of GDP), External Debt Stocks (% of GNI), Foreign Value Added Share of Gross Exports, General Government Consumption, Gini Index, Gini Index of Disposable Income (SWIID), Global Innovation Index, GNI per Capita (PPP), Gross Capital Formation (% of GDP), Historical GDP per Capita (Maddison), Household Consumption, ICT Goods Exports, Imports of Goods and Services (% of GDP), Income Share Held by Lowest 20%, Income Share Held by Richest 10%, Interest Payments on External Debt, Liner Shipping Connectivity Index, Manufacturing Value Added (% of GDP), Merchant Fleet by Country of Ownership, New Business Density, Palma Ratio, Statutory Corporate Income Tax Rate, Total Factor Productivity Level, Trade (% of GDP) and World Energy Trilemma Index. They are listed rather than hidden, so the evidence on the page can be checked against it.

09Method

Method, sources and how to cite

What this topic does not measure

The total size of an economy is deliberately left out: a very large economy spread over a very large population is not doing more for each person. Growth rates, trade shares and the structure of output (how much is farming, industry or services) are published here as context, because they describe an economy's shape rather than how well it serves people. Jobs and wages have their own topic, Work & Labour.

About economy & innovation, in full

How the Economy & Innovation standing is decided

A standing is this site’s ordering, named with its edition — never a publisher’s rank. 4 key statistics vote, one vote each; every country’s published value becomes a place within that key’s own field, the places are averaged, and the average is never published. A country needs 2 of the 4 keys to be placed.

The economy & innovation method, step by stepHow every standing on this site is built

The key statistics and their licences

The other 37 statistics on this page come from 10 publishers, each named beside its numbers, with every edition and licence on the datasets pages.

The standing itself is part of the Country Index 2026, published under CC BY-SA 4.0.

Photographs

Bhutan’s banner and the countries placed highest, from their profiles: Wikimedia Commons, shown in greyscale, each used under the licence named.

Cite this page

Nations Inquiry (2026). Bhutan: Economy & Innovation — standing and statistics, Country Index 2026. https://nationsinquiry.com/countries/bhutan/economy

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