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Economy of Bhutan vs Central African Republic compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.02B compared to $2.75B for the Central African Republic, ranking 169/197 and 171/197 by economy size, respectively.

Bhutan has $3.49B in government debt (102.9% of GDP), compared to $1.67B (58.3% of GDP) in the Central African Republic.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bhutan
GDP, current $

GDP, constant 2015 $
Central African Republic
GDP, current $

GDP, constant 2015 $
Year GDP
Bhutan CAR
Current $ Constant $ Current $ Constant $
1960 - - $112,155,598 $980,371,514
1961 - - $123,134,583 $1,028,934,744
1962 - - $124,482,774 $990,722,164
1963 - - $129,379,124 $983,717,651
1964 - - $142,025,079 $1,004,182,172
1965 - - $150,574,795 $1,013,697,588
1966 - - $157,930,018 $1,020,233,745
1967 - - $163,820,514 $1,067,946,130
1968 - - $191,767,442 $1,082,941,303
1969 - - $188,039,210 $1,159,738,546
1970 $61,812,113 $126,311,212 $189,106,529 $1,186,793,864
1971 $66,289,450 $129,692,690 $201,450,800 $1,200,207,037
1972 $70,139,867 $131,201,350 $230,317,883 $1,200,196,629
1973 $78,900,289 $133,126,191 $271,183,082 $1,222,867,623
1974 $92,901,784 $139,993,193 $281,398,706 $1,300,385,612
1975 $86,820,762 $135,363,169 $378,660,016 $1,305,652,006
1976 $88,461,263 $147,484,467 $451,152,461 $1,376,581,800
1977 $97,884,434 $159,137,561 $507,298,148 $1,428,977,737
1978 $94,086,228 $170,478,518 $610,578,632 $1,446,257,442
1979 $105,377,995 $178,646,088 $700,764,748 $1,410,605,203
1980 $128,669,201 $187,593,999 $797,048,199 $1,347,429,290
1981 $139,174,178 $215,962,517 $694,803,623 $1,326,618,708
1982 $141,439,317 $223,391,139 $748,312,391 $1,428,977,737
1983 $156,704,290 $246,693,105 $658,679,333 $1,312,851,667
1984 $160,423,494 $257,934,068 $637,820,670 $1,437,332,673
1985 $163,288,815 $268,325,027 $864,849,836 $1,493,779,883
1986 $191,218,115 $298,893,145 $1,122,265,013 $1,547,227,017
1987 $242,742,766 $385,734,527 $1,200,991,978 $1,470,809,662
1988 $272,298,067 $404,123,931 $1,264,899,288 $1,495,962,938
1989 $264,798,626 $433,849,538 $1,233,930,281 $1,525,542,171
1990 $287,765,007 $478,896,647 $1,440,711,459 $1,492,780,725
1991 $240,294,286 $476,943,344 $1,377,374,987 $1,484,532,469
1992 $240,233,531 $498,886,989 $1,411,917,553 $1,389,164,943
1993 $225,973,693 $508,796,713 $1,278,781,262 $1,393,822,475
1994 $258,954,708 $533,989,801 $851,174,357 $1,462,119,071
1995 $290,490,984 $571,764,867 $1,115,389,674 $1,567,392,310
1996 $303,408,346 $603,584,570 $1,007,791,127 $1,504,695,161
1997 $352,229,077 $636,020,231 $937,741,513 $1,584,443,042
1998 $363,458,381 $673,634,664 $967,338,390 $1,658,914,120
1999 $399,311,200 $727,417,466 $999,477,511 $1,718,634,612
2000 $460,733,418 $751,822,819 $916,777,283 $1,675,850,365
2001 $496,110,226 $806,919,210 $932,648,605 $1,750,672,710
2002 $559,345,264 $891,192,074 $996,068,145 $1,813,986,527
2003 $651,935,430 $960,585,284 $1,142,315,523 $1,716,076,873
2004 $735,348,490 $1,010,125,139 $1,272,360,517 $1,818,953,694
2005 $860,391,000 $1,080,178,039 $1,337,894,379 $1,835,473,623
2006 $942,879,879 $1,141,108,778 $1,461,859,762 $1,923,045,638
2007 $1,255,767,964 $1,324,881,878 $1,699,811,295 $2,011,650,636
2008 $1,317,517,835 $1,384,891,724 $1,993,407,888 $2,052,972,574
2009 $1,331,343,798 $1,491,078,191 $2,067,381,665 $2,229,266,676
2010 $1,708,880,730 $1,668,991,760 $2,142,591,540 $2,332,499,968
2011 $1,977,728,659 $1,810,676,784 $2,437,982,705 $2,430,339,369
2012 $1,973,387,228 $1,904,194,983 $2,510,126,512 $2,553,162,919
2013 $1,943,696,952 $1,937,258,290 $1,691,544,110 $1,624,016,454
2014 $2,089,079,571 $2,051,190,106 $1,894,813,389 $1,625,333,053
2015 $2,187,815,803 $2,187,815,803 $1,695,825,714 $1,695,825,714
2016 $2,357,504,761 $2,373,253,832 $1,825,018,145 $1,776,382,809
2017 $2,591,358,009 $2,422,779,967 $2,072,349,973 $1,856,804,601
2018 $2,583,335,722 $2,507,622,617 $2,220,979,146 $1,927,167,164
2019 $2,735,683,570 $2,651,940,022 $2,221,301,351 $1,986,909,346
2020 $2,457,604,334 $2,380,954,251 $2,326,720,900 $2,004,791,530
2021 $2,768,802,960 $2,486,224,986 $2,516,498,412 $2,024,497,026
2022 $2,898,227,744 $2,615,853,471 $2,382,618,615 $2,033,686,257
2023 $3,019,253,885 $2,743,574,975 $2,555,492,086 $2,047,921,418
2024 - - $2,751,544,520 $2,079,451,881

Economic indicators

Bhutan CAR
Gross domestic product
$3.02B
2023
$2.75B
2024
GDP rank
169/197
2023
171/197
2024
GDP growth
4.18%
2022-2023
7.67%
2023-2024
GDP per capita
$3,839
2023
$516
2024
GDP per capita rank
132/197
2023
194/197
2024
GDP per capita, PPP
$16,254
2023
$1,264
2024
Government debt
$3.49B
2023
$1.67B
2024
Debt-to-GDP ratio
102.9%
2025
58.3%
2025
Government debt per person
$4,432
2023
$313
2024
Government debt per person rank
87/185
2023
178/185
2024
Average annual personal income after taxes
$6,460
2025
$1,261
2025
Income share by richest 10%
22.7%
2022
33.1%
2021
Income share by poorest 10%
3.6%
2022
2.1%
2021
Government expenditure, % of GDP
30.5%
2025
17.9%
2025
Consumer prices inflation
2.4%
2024-2025
4.6%
2024-2025
Unemployment rate
3.28%
2024
6.9%
2017
Population
801123
5662456

GDP per capita in Bhutan vs Central African Republic

Bhutan's GDP per capita is $3,839, ranking 132/197, compared to $516 in the Central African Republic, ranking 194/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,254, while the Central African Republic ranks 195th at $1,264.

Bhutan
GDP per capita

GDP per capita, PPP
Central African Republic
GDP per capita

GDP per capita, PPP
Year Current $
Bhutan CAR
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $65.9 -
1961 - - $71 -
1962 - - $70.4 -
1963 - - $71.8 -
1964 - - $77.2 -
1965 - - $80.2 -
1966 - - $82.3 -
1967 - - $83.6 -
1968 - - $95.6 -
1969 - - $91.7 -
1970 $200.3 - $90.2 -
1971 $207.7 - $94.1 -
1972 $212.4 - $105.5 -
1973 $230.9 - $121.8 -
1974 $262.8 - $124 -
1975 $237.4 - $163.6 -
1976 $233.7 - $192.1 -
1977 $249.9 - $213.8 -
1978 $232.2 - $254.6 -
1979 $251.4 - $289.1 -
1980 $296.9 - $325 -
1981 $311 - $280.3 -
1982 $306 - $298.4 -
1983 $328 - $259.6 -
1984 $326 - $248.3 -
1985 $321 - $333 -
1986 $365 - $426 -
1987 $449 - $450 -
1988 $489 - $466 -
1989 $462 - $443 -
1990 $488 $1,638 $502 $620
1991 $401 $1,657 $465 $618
1992 $416 $1,840 $462 $573
1993 $407 $2,001 $405 $570
1994 $467 $2,146 $261.3 $592
1995 $530 $2,374 $333 $631
1996 $553 $2,548 $293.3 $601
1997 $630 $2,683 $265.5 $626
1998 $638 $2,819 $266.6 $645
1999 $685 $3,017 $268 $660
2000 $772 $3,113 $239.2 $640
2001 $812 $3,338 $238 $668
2002 $896 $3,663 $248.6 $688
2003 $1,022 $3,942 $278.4 $648
2004 $1,130 $4,173 $303 $690
2005 $1,300 $4,523 $312 $702
2006 $1,406 $4,860 $334 $743
2007 $1,850 $5,729 $381 $783
2008 $1,920 $6,035 $437 $798
2009 $1,918 $6,466 $456 $877
2010 $2,436 $7,246 $477 $936
2011 $2,788 $7,935 $534 $980
2012 $2,751 $8,577 $544 $1,062
2013 $2,680 $8,667 $364 $710
2014 $2,849 $9,323 $410 $699
2015 $2,954 $10,214 $366 $769
2016 $3,152 $11,273 $387 $826
2017 $3,435 $11,677 $432 $884
2018 $3,400 $11,970 $455 $906
2019 $3,577 $12,909 $449 $985
2020 $3,192 $12,475 $463 $1,066
2021 $3,571 $13,459 $492 $1,129
2022 $3,711 $15,064 $467 $1,218
2023 $3,839 $16,254 $496 $1,257
2024 - - $516 $1,264

Spending and national debt comparison

In 2024, Bhutan's government spending was $871M, accounting for 30.5% of its GDP, while the Central African Republic's spent $538M, or 17.9% of GDP.

Debt-to-GDP ratio is 102.9% in Bhutan and 58.3% in the Central African Republic, ranking 20/185 and 87/185, respectively.

Bhutan
Government spending

Government debt
Central African Republic
Government spending

Government debt
Year % of GDP
Bhutan CAR
Government spending Government debt Government spending Government debt
1987 47.5% 17.3% - -
1988 45.3% 24.7% 21.4% 48.8%
1989 46.8% 26.4% 19.6% 50.9%
1990 35.8% 27.4% 22% 44.6%
1991 30.8% 33.5% 22.6% 55.8%
1992 34.5% 35.6% 23.1% 57.4%
1993 35.2% 60.2% 20.6% 68.2%
1994 37.9% 53.2% 22.4% 103.4%
1995 38.6% 38.7% 20.6% 83.8%
1996 37.9% 36.8% 11.7% 93%
1997 37.8% 33% 14.5% 96.1%
1998 31.1% 36.4% 18.1% 85.3%
1999 40.2% 39.2% 18.2% 84.2%
2000 43% 44% 17.2% 94.7%
2001 50.3% 52.4% 14.1% 103.1%
2002 39.3% 57.7% 16.7% 98.5%
2003 34.7% 68.5% 12.3% 95.9%
2004 31% 76% 13.1% 99.7%
2005 36.4% 80.8% 16.2% 103%
2006 33.4% 80.1% 13.4% 46.7%
2007 33.2% 67.3% 12.9% 47.9%
2008 36.1% 60.6% 16% 35.8%
2009 39.3% 61% 16% 20.3%
2010 41.5% 55.8% 17.3% 19.9%
2011 36.1% 62.3% 14.2% 19.7%
2012 35.1% 71.5% 14.7% 31.5%
2013 32.5% 92.4% 13.4% 51.8%
2014 28.9% 89.8% 18% 62.2%
2015 27.5% 90.2% 14% 59.8%
2016 30.5% 107.5% 12.1% 53.9%
2017 30.6% 104.1% 13.9% 50.3%
2018 31.7% 107.3% 17.6% 50%
2019 24.2% 99.7% 16.9% 48.2%
2020 30.9% 114.9% 25.1% 44.4%
2021 36.6% 123.3% 19.7% 48.5%
2022 32.1% 117.3% 17.6% 51%
2023 28.8% 115.4% 18.1% 58.2%
2024 27.2% 107.8% 19.5% 60.7%
2025 30.5% 102.9% 17.9% 58.3%

Government deficit by year

In 2023, Bhutan's government deficit, the difference between spending and revenue, was -$142M, equivalent to -4.7% of GDP. This compares to the Central African Republic's deficit of -$91.7M, or -3.59% of GDP.

Over the past 36 years, Bhutan recorded a fiscal deficit in 28 of those years, while the Central African Republic ran a deficit in 31 years. On average, Bhutan posted an annual deficit equal to -2.45% of GDP, compared to deficit of -2.32% of GDP for the Central African Republic.

Deficit/surplus
Bhutan

Central African Republic
Year Deficit/surplus, % of GDP
Bhutan CAR
1987 -0.56% -
1988 1.33% -3.72%
1989 -10.1% -3.25%
1990 -7.21% -6.6%
1991 -0.48% -8%
1992 -3.47% -7.33%
1993 4.71% -5.66%
1994 -0.13% -7.57%
1995 -0.88% -4.84%
1996 2.55% -1.06%
1997 -1.92% -1.57%
1998 1.28% 0.001%
1999 -1.28% -0.5%
2000 -3.39% -2.01%
2001 -12.2% -0.88%
2002 -4.33% -1.19%
2003 -10.2% -3.06%
2004 1.8% -1.74%
2005 -6.96% -4.37%
2006 -0.07% 8.58%
2007 0.79% 1.04%
2008 -2.57% -1.23%
2009 -0.8% -0.54%
2010 1.92% -1.35%
2011 -3.02% -2.15%
2012 -2.1% -0.78%
2013 -4.55% -2.3%
2014 2.46% -3.26%
2015 -0.49% -0.59%
2016 -2.31% 1.28%
2017 -4.49% -1.06%
2018 -1.52% -0.97%
2019 -1.49% 1.42%
2020 -1.81% -3.36%
2021 -5.76% -6.02%
2022 -6.95% -5.34%
2023 -4.7% -3.59%
2024 -0.17% -4.98%
2025 -2.51% -1.62%

Inflation comparison by year

Over the past 30 years, Bhutan has recorded an average annual inflation rate of 5.74%, compared with 3.4% in the Central African Republic. In 2025, inflation was 2.4% in Bhutan and 4.6% in the Central African Republic.

Inflation
Bhutan

Central African Republic
Year Inflation
Bhutan CAR Bhutan CAR
1996 8.8% 3.8%
1997 8.6% 1.6%
1998 7.6% -2%
1999 9.1% -1.6%
2000 7.2% 3.4%
2001 3.7% 4.1%
2002 2.9% 2.3%
2003 2.5% 4.4%
2004 3.3% -2.6%
2005 4.8% 2.9%
2006 4.9% 6.9%
2007 5.2% 0.9%
2008 6.3% 9.2%
2009 7.1% 3.6%
2010 4.8% 1.5%
2011 8.6% 1.2%
2012 10.1% 5.9%
2013 8.1% 4%
2014 9.6% 17.8%
2015 6.7% 1.4%
2016 3.3% 4.9%
2017 4.3% 4.2%
2018 3.6% 1.6%
2019 2.8% 2.8%
2020 3% 0.9%
2021 8.2% 4.3%
2022 5.9% 5.6%
2023 4.5% 3%
2024 4.3% 1.5%
2025 2.4% 4.6%

Balance of trade

Bhutan CAR
Current account balance
-$670M
2024
-$24.7M
1994
Current account balance ranking
111/189
2024
78/189
1994
Current account balance, % of GDP
-31.9%
2023
-2.9%
1994
Goods imports
$1.29B
2024
$131M
1994
Goods exports
$656M
2024
$146M
1994
Service imports
$228M
2024
$114M
1994
Service exports
$288M
2024
$33.1M
1994
Imports of goods and services, % of GDP
53.2%
2023
32.4%
2024
Exports of goods and services, % of GDP
28.3%
2023
15.5%
2024

Economic freedom indices

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

Bhutan CAR
Economic freedom 57.5 42.8
Economic freedom ranking 113/197 184/197
Property rights 69.7 6.9
Government integrity 71.1 19.6
Judicial effectiveness 62.9 4
Tax burden 83.4 65.5
Government spending 68.2 89.8
Fiscal health 25.8 53.8
Business freedom 67.2 27.1
Labor freedom 57.7 48.3
Monetary freedom 70.5 72.8
Trade freedom 63 50.4
Investment freedom 20 45
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for Bhutan is 57.5, ranking 113/197, compared to 42.8 for the Central African Republic, ranking 184/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bhutan
Central African Republic
Year Economic freedom index
Bhutan CAR
2002 - 59.8
2003 - 60
2004 - 57.5
2005 - 56.5
2006 - 54.2
2007 - 50.6
2008 - 48.6
2009 57.7 48.3
2010 57 48.4
2011 57.6 49.3
2012 56.6 50.3
2013 55 50.4
2014 56.7 46.7
2015 57.4 45.9
2016 59.5 45.2
2017 58.4 51.8
2018 61.8 49.2
2019 62.9 49.1
2020 62.1 50.7
2021 58.3 48.8
2022 59.3 45.7
2023 59 43.8
2024 55.4 41.3
2025 57.5 42.8

More economic indicators

Bhutan CAR
Services, % of GDP
52.7%
2023
40.5%
2024
Industry, % of GDP
29.6%
2023
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
15%
2023
32.5%
2024
GNI, Atlas method
$2.94B
2023
$2.75B
2024
GNI per capita, PPP
$15,360
2023
$1,340
2024
Total reserves including gold
$941M
2024
$480M
2023
Total reserves ranking
143/177
2024
158/177
2023
Net foreign direct investment
-$22.8M
2024
$3.6M
1994
Net inflows of foreign direct investment
$22.8M
2024
$40.4M
2024
Net outflows of foreign direct investment
n/a
$1.29K
2002
Servicing debt to the IMF, % of GNI
4.86%
2023
1.41%
2023
Poverty at national poverty lines
12.4%
2022
68.8%
2021
Gross capital formation, % of GDP
45.2%
2023
15.4%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.