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Economy of Austria vs Bhutan compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $3.01B for Bhutan, ranking 30/197 and 170/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $3.53B (110.4% of GDP) in Bhutan.

Austria vs Bhutan GDP by year

Austria
Bhutan
1x
Year GDP, current $
Austria Bhutan
2024 $534,790,720,467 -
2023 $516,670,509,629 $3,012,896,789
2022 $473,221,298,968 $2,898,227,744
2021 $480,466,363,177 $2,768,802,960
2020 $434,397,601,558 $2,457,604,334
2019 $442,983,642,372 $2,735,683,570
2018 $452,582,294,973 $2,583,335,722
2017 $414,926,138,133 $2,591,358,009
2016 $393,687,359,770 $2,357,504,761
2015 $379,546,097,301 $2,187,815,803
2014 $438,556,021,078 $2,089,079,571
2013 $426,580,502,769 $1,943,696,952
2012 $406,750,487,604 $1,973,387,228
2011 $428,954,737,064 $1,977,728,659
2010 $389,827,789,218 $1,708,880,730
2009 $399,290,118,782 $1,331,343,798
2008 $429,234,399,096 $1,317,517,835
2007 $386,760,177,589 $1,255,767,964
2006 $333,905,979,332 $942,879,879
2005 $313,952,317,331 $860,391,000
2004 $299,210,411,455 $735,348,490
2003 $260,779,834,340 $651,935,430
2002 $212,837,224,023 $559,345,264
2001 $196,477,206,829 $496,110,226
2000 $196,181,599,831 $460,733,418
1999 $216,421,809,126 $399,311,200
1998 $217,068,085,816 $363,458,381
1997 $211,724,812,267 $352,229,077
1996 $235,952,581,232 $303,408,346
1995 $240,094,169,510 $290,490,984
1994 $202,738,023,130 $258,954,708
1993 $189,634,029,339 $225,973,693
1992 $194,314,032,056 $240,233,531
1991 $173,113,449,617 $240,294,286
1990 $165,811,372,383 $287,765,007
1989 $132,584,448,258 $264,798,626
1988 $132,817,124,707 $272,298,067
1987 $123,682,091,859 $242,742,766
1986 $98,648,254,169 $191,218,115
1985 $69,114,996,010 $163,288,815
1984 $67,719,055,773 $160,423,494
1983 $71,838,528,420 $156,704,290
1982 $70,996,111,963 $141,439,317
1981 $70,755,997,062 $139,174,178
1980 $81,737,498,405 $128,669,201
1979 $73,647,694,287 $105,377,995
1978 $61,809,208,756 $94,086,228
1977 $51,343,861,460 $97,884,434
1976 $42,791,707,448 $88,461,263
1975 $39,902,300,703 $86,820,762
1974 $35,051,468,640 $92,901,784
1973 $29,399,860,145 $78,900,289
1972 $21,973,207,929 $70,139,867
1971 $17,788,536,733 $66,289,450
1970 $15,312,791,744 $61,812,113
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/bhutan | CC BY

GDP per capita in Austria vs Bhutan by year

Austria
GDP per capita

GDP per capita, PPP
Bhutan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Bhutan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 - -
2023 $56,580 $73,545 $3,831 $16,215
2022 $52,337 $72,065 $3,711 $15,064
2021 $53,649 $62,969 $3,571 $13,459
2020 $48,716 $58,523 $3,192 $12,475
2019 $49,886 $60,355 $3,577 $12,909
2018 $51,194 $56,636 $3,400 $11,970
2017 $47,164 $53,870 $3,435 $11,677
2016 $45,061 $52,398 $3,152 $11,273
2015 $43,915 $49,549 $2,954 $10,214
2014 $51,315 $48,355 $2,849 $9,323
2013 $50,305 $47,520 $2,680 $8,667
2012 $48,250 $46,156 $2,751 $8,577
2011 $51,117 $44,172 $2,788 $7,935
2010 $46,611 $41,735 $2,436 $7,246
2009 $47,857 $40,687 $1,918 $6,466
2008 $51,581 $41,047 $1,920 $6,035
2007 $46,623 $39,192 $1,850 $5,729
2006 $40,382 $37,388 $1,406 $4,860
2005 $38,157 $34,777 $1,300 $4,523
2004 $36,614 $33,519 $1,130 $4,173
2003 $32,110 $31,959 $1,022 $3,942
2002 $26,335 $30,952 $896 $3,663
2001 $24,430 $29,553 $812 $3,338
2000 $24,487 $29,221 $772 $3,113
1999 $27,079 $27,500 $685 $3,017
1998 $27,212 $26,531 $638 $2,819
1997 $26,572 $25,301 $630 $2,683
1996 $29,646 $24,427 $553 $2,548
1995 $30,207 $23,604 $530 $2,374
1994 $25,546 $22,553 $467 $2,146
1993 $23,987 $21,647 $407 $2,001
1992 $24,783 $21,209 $416 $1,840
1991 $22,323 $20,536 $401 $1,657
1990 $21,596 $19,396 $488 $1,638
1989 $17,401 - $462 -
1988 $17,510 - $489 -
1987 $16,329 - $449 -
1986 $13,032 - $365 -
1985 $9,136 - $321 -
1984 $8,956 - $326 -
1983 $9,500 - $328 -
1982 $9,373 - $306 -
1981 $9,348 - $311 -
1980 $10,827 - $296.9 -
1979 $9,755 - $251.4 -
1978 $8,173 - $232.2 -
1977 $6,784 - $249.9 -
1976 $5,656 - $233.7 -
1975 $5,265 - $237.4 -
1974 $4,613 - $262.8 -
1973 $3,875 - $230.9 -
1972 $2,913 - $212.4 -
1971 $2,372 - $207.7 -
1970 $2,051 - $200.3 -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/bhutan | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $3,831 in Bhutan, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Bhutan ranks 109th at $16,215.

Economic indicators

Austria Bhutan
Gross domestic product
$535B
2024
$3.01B
2023
GDP rank
30/197
2024
170/197
2023
GDP growth
-0.66%
2023-2024
4.63%
2022-2023
GDP per capita
$58,269
2024
$3,831
2023
GDP per capita rank
16/197
2024
132/197
2023
GDP per capita, PPP
$73,911
2024
$16,215
2023
GDP per capita PPP rank
19/197
2024
109/197
2023
Government debt
$432B
2024
$3.53B
2023
Debt-to-GDP ratio
80.8%
2024
110.4%
2024
Government debt per person
$47,075
2024
$4,485
2023
Government debt per person rank
10/185
2024
87/185
2023
Average annual personal income after taxes
$40,736
2026
$5,506
2026
Market capitalization of domestic companies
$121B
2024
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
22.7%
2022
Income share by poorest 10%
2.8%
2023
3.6%
2022
Government expenditure, % of GDP
56%
2024
27.1%
2024
Consumer prices inflation
2.94%
2023-2024
4.3%
2023-2024
Unemployment rate
5.16%
2024
3.28%
2024
Population
9163419
803385

Spending and national debt comparison by year

Austria
Spending

Debt
Bhutan
Spending

Debt
1x
Year % of GDP
Austria Bhutan
Government spending Government debt Government spending Government debt
2024 56% 80.8% 27.1% 110.4%
2023 52.7% 78.5% 28.8% 117.1%
2022 53% 78.4% 32.1% 119.9%
2021 56% 82.4% 36.6% 124.5%
2020 57.3% 83.2% 30.9% 116%
2019 49.1% 71% 24.2% 100.8%
2018 49.2% 74.6% 31.7% 103.4%
2017 49.8% 79.1% 30.6% 104.1%
2016 50.6% 83.4% 30.5% 103%
2015 51.2% 85.6% 27.5% 90.2%
2014 52.4% 85.2% 28.9% 89.8%
2013 52.4% 82.4% 32.5% 87.4%
2012 51.8% 82.9% 35.1% 71.5%
2011 51.3% 83.4% 36.1% 62.3%
2010 53.4% 83.7% 41.5% 55.8%
2009 54.6% 80.8% 39.3% 61%
2008 50.4% 69.5% 36.1% 60.6%
2007 49.7% 65.8% 33.2% 67.3%
2006 50.9% 68.2% 33.4% 80.1%
2005 51.7% 69.4% 36.4% 80.8%
2004 54.3% 65.9% 31% 76%
2003 51.8% 66.4% 34.7% 68.5%
2002 51.6% 67.4% 39.3% 57.7%
2001 51.8% 67.2% 50.3% 52.4%
2000 50.9% 66.1% 43% 44%
1999 50.5% 61.3% 40.2% 39.2%
1998 54.4% 69.2% 31.1% 36.4%
1997 52.5% 63.4% 37.8% 33%
1996 55.9% 68.2% 37.9% 36.8%
1995 56.1% 68.2% 38.6% 38.7%
1994 54.3% 64.1% 37.9% 53.2%
1993 54.3% 61% 35.2% 60.2%
1992 49.3% 56.3% 34.5% 35.6%
1991 47.9% 56.4% 30.8% 33.5%
1990 46.8% 56.2% 35.8% 27.4%
1989 51.6% 56.6% 46.8% 26.4%
1988 53.1% 57.7% 45.3% 24.7%
1987 54.5% 55.5% 47.5% 17.3%
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

GeoRank.org/economy/austria/bhutan | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Bhutan spent $869M, or 27.1% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 110.4% in Bhutan, ranking 44/185 and 17/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Bhutan
1x
Year Deficit/surplus, % of GDP
Austria Bhutan
2024 -4.64% -0.17%
2023 -2.62% -4.73%
2022 -3.31% -6.95%
2021 -5.69% -5.76%
2020 -8.2% -1.81%
2019 0.54% -1.49%
2018 0.2% -1.52%
2017 -0.78% -4.49%
2016 -1.45% -2.31%
2015 -0.48% -0.49%
2014 -1.92% 2.46%
2013 -1.99% -4.55%
2012 -2.18% -2.1%
2011 -2.48% -3.02%
2010 -4.46% 1.92%
2009 -5.38% -0.8%
2008 -1.57% -2.57%
2007 -1.56% 0.79%
2006 -2.61% -0.07%
2005 -2.59% -6.96%
2004 -4.94% 1.8%
2003 -1.84% -10.2%
2002 -1.43% -4.33%
2001 -0.71% -12.2%
2000 -2.07% -3.39%
1999 -2.63% -1.28%
1998 -2.68% 1.28%
1997 -2.38% -1.92%
1996 -4.38% 2.55%
1995 -6.17% -0.88%
1994 -5.04% -0.13%
1993 -4.57% 4.71%
1992 -2.15% -3.47%
1991 -2.96% -0.48%
1990 -2.58% -7.21%
1989 -3.07% -10.1%
1988 -3.43% 1.33%
1987 -4.33% -0.56%
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/bhutan | CC BY

In 2023, Austria's government deficit, the difference between spending and revenue, was $13.5B, equivalent to 2.62% of GDP. This compares to Bhutan's deficit of $142M, or 4.73% of GDP.

Over the past 37 years, Austria recorded a fiscal deficit in 35 of those years, while Bhutan ran a deficit in 29 years. On average, Austria posted an annual deficit equal to 2.86% of GDP, compared to deficit of 2.4% of GDP for Bhutan.

Inflation comparison by year

Inflation
Austria

Bhutan
1x
Year Consumer prices inflation
Austria Bhutan
2024 2.94% 4.3%
2023 7.81% 4.5%
2022 8.55% 5.9%
2021 2.77% 8.2%
2020 1.38% 3%
2019 1.53% 2.8%
2018 2% 3.6%
2017 2.08% 4.3%
2016 0.89% 3.3%
2015 0.9% 6.7%
2014 1.61% 9.6%
2013 2% 8.1%
2012 2.49% 10.1%
2011 3.29% 8.6%
2010 1.81% 4.8%
2009 0.51% 7.1%
2008 3.22% 6.3%
2007 2.17% 5.2%
2006 1.44% 4.9%
2005 2.3% 4.8%
2004 2.06% 3.3%
2003 1.36% 2.5%
2002 1.81% 2.9%
2001 2.65% 3.7%
2000 2.34% 7.2%
1999 0.57% 9.1%
1998 0.92% 7.6%
1997 1.31% 8.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/bhutan | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 5.75% in Bhutan. In 2024, inflation was 2.94% in Austria and 4.3% in Bhutan.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $4.26M
Textiles & consumer goods $51K
Processed food, beverages & tobacco $33K
Chemicals & pharma $29K
Raw materials & minerals $6K
Metals $4K
Miscellaneous $1K
Bhutan
Export category Export value
Miscellaneous $1K

Balance of trade

Austria Bhutan
Current account balance
$8.19B
2024
-$670M
2024
Current account balance ranking
25/190
2024
114/190
2024
Current account balance, % of GDP
+1.53%
2024
-32%
2023
Goods imports
$195B
2024
$1.29B
2024
Goods exports
$201B
2024
$656M
2024
Service imports
$90.5B
2024
$228M
2024
Service exports
$96.6B
2024
$288M
2024
Imports of goods and services, % of GDP
53.1%
2024
53.3%
2023
Exports of goods and services, % of GDP
55.7%
2024
28.4%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Bhutan
Economic freedom 69.8 57.5
Economic freedom ranking 38/197 115/197
Property rights 95.7 69.2
Government integrity 75 72.2
Judicial effectiveness 94.8 61.8
Tax burden 45.7 83.4
Government spending 12.8 74.1
Fiscal health 67.1 25.8
Business freedom 78.7 67.8
Labor freedom 81.6 60.1
Monetary freedom 76.4 71.6
Trade freedom 79.4 63.4
Investment freedom 60 20
Financial freedom 70 20

Economic freedom comparison by year

Austria
Bhutan
1x
Year Economic freedom index
Austria Bhutan
2026 69.8 57.5
2025 69.7 57.5
2024 68.4 55.4
2023 71.1 59
2022 73.8 59.3
2021 73.9 58.3
2020 73.3 62.1
2019 72 62.9
2018 71.8 61.8
2017 72.3 58.4
2016 71.7 59.5
2015 71.2 57.4
2014 72.4 56.7
2013 71.8 55
2012 70.3 56.6
2011 71.9 57.6
2010 71.6 57
2009 71.2 57.7
2008 71.4 -
2007 71.6 -
2006 71.1 -
2005 68.8 -
2004 67.6 -
2003 67.6 -
2002 67.4 -
2001 68.1 -
2000 68.4 -
1999 64 -
1998 65.4 -
1997 65.2 -
1996 68.9 -
1995 70 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/austria/bhutan | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 57.5 for Bhutan, ranking 115/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Bhutan
Services, % of GDP
64%
2024
52.8%
2023
Industry, % of GDP
24.6%
2024
29.4%
2023
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
15%
2023
GNI, Atlas method
$503B
2024
$2.93B
2023
GNI per capita, PPP
$74,160
2024
$15,320
2023
Total reserves including gold
$35.4B
2024
$941M
2024
Total reserves ranking
53/177
2024
143/177
2024
Net foreign direct investment
$135M
2024
-$22.8M
2024
Net inflows of foreign direct investment
$13.7B
2024
$2.82M
2024
Net outflows of foreign direct investment
$13.8B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
4.96%
2023
Poverty at national poverty lines
14.8%
2021
12.4%
2022
Gross capital formation, % of GDP
23.6%
2024
45.3%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/austria/bhutan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1992, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.