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Economy of Bhutan vs Chad compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $19.5B for Chad, ranking 170/197 and 132/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $6.37B (32.7% of GDP) in Chad.

Bhutan vs Chad GDP by year

Bhutan
Chad
1x
Year GDP, current $
Bhutan Chad
2024 - $19,518,819,751
2023 $3,012,896,789 $18,340,233,749
2022 $2,898,227,744 $17,828,508,290
2021 $2,768,802,960 $16,871,937,698
2020 $2,457,604,334 $14,932,897,821
2019 $2,735,683,570 $14,905,517,743
2018 $2,583,335,722 $15,327,000,249
2017 $2,591,358,009 $13,349,041,409
2016 $2,357,504,761 $13,026,289,836
2015 $2,187,815,803 $14,559,599,500
2014 $2,089,079,571 $18,144,336,904
2013 $1,943,696,952 $17,865,316,886
2012 $1,973,387,228 $17,892,228,570
2011 $1,977,728,659 $16,685,349,674
2010 $1,708,880,730 $14,058,506,664
2009 $1,331,343,798 $12,317,614,054
2008 $1,317,517,835 $13,385,593,990
2007 $1,255,767,964 $10,865,385,132
2006 $942,879,879 $9,709,626,596
2005 $860,391,000 $8,655,892,393
2004 $735,348,490 $4,422,855,661
2003 $651,935,430 $2,742,815,072
2002 $559,345,264 $1,997,005,709
2001 $496,110,226 $1,710,843,377
2000 $460,733,418 $1,388,506,772
1999 $399,311,200 $1,534,673,583
1998 $363,458,381 $1,744,794,531
1997 $352,229,077 $1,544,689,577
1996 $303,408,346 $1,607,345,356
1995 $290,490,984 $1,445,919,895
1994 $258,954,708 $1,179,837,963
1993 $225,973,693 $1,463,251,164
1992 $240,233,531 $1,881,847,670
1991 $240,294,286 $1,877,137,982
1990 $287,765,007 $1,738,605,558
1989 $264,798,626 $1,433,686,312
1988 $272,298,067 $1,482,597,298
1987 $242,742,766 $1,163,426,852
1986 $191,218,115 $1,067,828,246
1985 $163,288,815 $1,033,069,709
1984 $160,423,494 $919,103,735
1983 $156,704,290 $832,415,806
1982 $141,439,317 $834,369,860
1981 $139,174,178 $876,937,558
1980 $128,669,201 $1,033,002,404
1979 $105,377,995 $1,004,316,496
1978 $94,086,228 $1,113,920,124
1977 $97,884,434 $935,360,465
1976 $88,461,263 $866,044,962
1975 $86,820,762 $864,602,105
1974 $92,901,784 $652,532,795
1973 $78,900,289 $647,199,483
1972 $70,139,867 $585,427,547
1971 $66,289,450 $501,866,730
1970 $61,812,113 $469,266,737
1969 - $471,635,622
1968 - $453,980,096
1967 - $449,826,323
1966 - $432,794,922
1965 - $416,926,303
1964 - $392,247,518
1963 - $371,767,002
1962 - $357,635,713
1961 - $333,975,336
1960 - $313,582,728

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

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

GDP per capita in Bhutan vs Chad by year

Bhutan
GDP per capita

GDP per capita, PPP
Chad
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Chad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $962 $2,743
2023 $3,831 $16,215 $949 $2,700
2022 $3,711 $15,064 $966 $2,624
2021 $3,571 $13,459 $946 $2,435
2020 $3,192 $12,475 $867 $2,186
2019 $3,577 $12,909 $893 $2,352
2018 $3,400 $11,970 $949 $2,228
2017 $3,435 $11,677 $854 $2,097
2016 $3,152 $11,273 $862 $2,120
2015 $2,954 $10,214 $994 $2,378
2014 $2,849 $9,323 $1,279 $2,133
2013 $2,680 $8,667 $1,305 $2,110
2012 $2,751 $8,577 $1,354 $2,435
2011 $2,788 $7,935 $1,308 $2,388
2010 $2,436 $7,246 $1,142 $2,320
2009 $1,918 $6,466 $1,036 $2,087
2008 $1,920 $6,035 $1,166 $2,181
2007 $1,850 $5,729 $980 $2,149
2006 $1,406 $4,860 $907 $2,079
2005 $1,300 $4,523 $838 $2,102
2004 $1,130 $4,173 $446 $1,808
2003 $1,022 $3,942 $289.1 $1,378
2002 $896 $3,663 $219.1 $1,226
2001 $812 $3,338 $194.3 $1,152
2000 $772 $3,113 $163.1 $1,044
1999 $685 $3,017 $186.6 $1,066
1998 $638 $2,819 $219.8 $1,096
1997 $630 $2,683 $201.4 $1,049
1996 $553 $2,548 $216.9 $1,010
1995 $530 $2,374 $204 $1,014
1994 $467 $2,146 $173.9 $1,026
1993 $407 $2,001 $220.7 $933
1992 $416 $1,840 $290.6 $1,107
1991 $401 $1,657 $302 $1,046
1990 $488 $1,638 $290.6 $967
1989 $462 - $246.4 -
1988 $489 - $263.5 -
1987 $449 - $213.9 -
1986 $365 - $203.4 -
1985 $321 - $202.7 -
1984 $326 - $182.2 -
1983 $328 - $167.2 -
1982 $306 - $176.1 -
1981 $311 - $194 -
1980 $296.9 - $228.8 -
1979 $251.4 - $222.9 -
1978 $232.2 - $252.5 -
1977 $249.9 - $215.9 -
1976 $233.7 - $203.7 -
1975 $237.4 - $207.5 -
1974 $262.8 - $160 -
1973 $230.9 - $162.4 -
1972 $212.4 - $150.4 -
1971 $207.7 - $131.8 -
1970 $200.3 - $125.9 -
1969 - - $129.2 -
1968 - - $126.9 -
1967 - - $128.2 -
1966 - - $125.8 -
1965 - - $123.6 -
1964 - - $118.6 -
1963 - - $114.7 -
1962 - - $112.6 -
1961 - - $107.3 -
1960 - - $102.8 -

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

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

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $962 in Chad, ranking 182/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Chad ranks 182nd at $2,743.

Economic indicators

Bhutan Chad
Gross domestic product
$3.01B
2023
$19.5B
2024
GDP rank
170/197
2023
132/197
2024
GDP growth
4.63%
2022-2023
4.2%
2023-2024
GDP per capita
$3,831
2023
$962
2024
GDP per capita rank
132/197
2023
182/197
2024
GDP per capita, PPP
$16,215
2023
$2,743
2024
GDP per capita PPP rank
109/197
2023
182/197
2024
Government debt
$3.53B
2023
$6.37B
2024
Debt-to-GDP ratio
110.4%
2024
32.7%
2024
Government debt per person
$4,485
2023
$314
2024
Government debt per person rank
87/185
2023
177/185
2024
Average annual personal income after taxes
$5,506
2026
$1,276
2026
Income share by richest 10%
22.7%
2022
29.5%
2022
Income share by poorest 10%
3.6%
2022
2.8%
2022
Government expenditure, % of GDP
27.1%
2024
18.8%
2024
Consumer prices inflation
4.3%
2023-2024
5.1%
2023-2024
Unemployment rate
3.28%
2024
1.14%
2018
Population
803385
21893857

Spending and national debt comparison by year

Bhutan
Spending

Debt
Chad
Spending

Debt
1x
Year % of GDP
Bhutan Chad
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 18.8% 32.7%
2023 28.8% 117.1% 17.1% 32.2%
2022 32.1% 119.9% 12.6% 32.1%
2021 36.6% 124.5% 13% 41.6%
2020 30.9% 116% 14.1% 41.7%
2019 24.2% 100.8% 10.6% 38.4%
2018 31.7% 103.4% 9.73% 33.8%
2017 30.6% 104.1% 11.3% 39.2%
2016 30.5% 103% 11.2% 40.1%
2015 27.5% 90.2% 13.8% 31.3%
2014 28.9% 89.8% 16.9% 29.4%
2013 32.5% 87.4% 16.6% 22.3%
2012 35.1% 71.5% 16.6% 20%
2011 36.1% 62.3% 16.3% 22.3%
2010 41.5% 55.8% 18.5% 22.9%
2009 39.3% 61% 19.8% 23.9%
2008 36.1% 60.6% 14.6% 15.7%
2007 33.2% 67.3% 13.6% 17.6%
2006 33.4% 80.1% 10.7% 20.1%
2005 36.4% 80.8% 8.87% 22%
2004 31% 76% 9.84% 25.2%
2003 34.7% 68.5% 14.9% 34.4%
2002 39.3% 57.7% 13.8% 42%
2001 50.3% 52.4% 12% 43.5%
2000 43% 44% 14% 52.4%
1999 40.2% 39.2% 12.9% 44.7%
1998 31.1% 36.4% 10.1% 34.7%
1997 37.8% 33% 12% 41.3%
1996 37.9% 36.8% 12% 40.5%
1995 38.6% 38.7% 12.3% 41.1%
1994 37.9% 53.2% - -
1993 35.2% 60.2% - -
1992 34.5% 35.6% - -
1991 30.8% 33.5% - -
1990 35.8% 27.4% - -
1989 46.8% 26.4% - -
1988 45.3% 24.7% - -
1987 47.5% 17.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1998, retrieved 2026-02-20).

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

In 2024, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while Chad spent $3.67B, or 18.8% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 32.7% in Chad, ranking 17/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Chad
1x
Year Deficit/surplus, % of GDP
Bhutan Chad
2024 -0.17% -2.11%
2023 -4.73% -1.26%
2022 -6.95% 3.79%
2021 -5.76% -1.29%
2020 -1.81% 1.24%
2019 -1.49% -0.11%
2018 -1.52% 1.39%
2017 -4.49% -0.18%
2016 -2.31% -1.51%
2015 -0.49% -3.29%
2014 2.46% -3.22%
2013 -4.55% -1.5%
2012 -2.1% 0.33%
2011 -3.02% 1.75%
2010 1.92% -3.16%
2009 -0.8% -8.44%
2008 -2.57% 2.82%
2007 0.79% 2.02%
2006 -0.07% 1.7%
2005 -6.96% -0.05%
2004 1.8% -1.84%
2003 -10.2% -4.32%
2002 -4.33% -4.08%
2001 -12.2% -3.53%
2000 -3.39% -4.68%
1999 -1.28% -4.07%
1998 1.28% -1.73%
1997 -1.92% -2.58%
1996 2.55% -2.86%
1995 -0.88% -3.12%
1994 -0.13% -
1993 4.71% -
1992 -3.47% -
1991 -0.48% -
1990 -7.21% -
1989 -10.1% -
1988 1.33% -
1987 -0.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1989, retrieved 2026-02-20).

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

In 2023, Bhutan's government deficit, the difference between spending and revenue, was $142M, equivalent to 4.73% of GDP. This compares to Chad's deficit of $231M, or 1.26% of GDP.

Over the past 29 years, Bhutan recorded a fiscal deficit in 23 of those years, while Chad ran a deficit in 21 years. On average, Bhutan posted an annual deficit equal to 2.52% of GDP, compared to deficit of 1.44% of GDP for Chad.

Inflation comparison by year

Inflation
Bhutan

Chad
1x
Year Consumer prices inflation
Bhutan Chad
2024 4.3% 5.1%
2023 4.5% 2.3%
2022 5.9% 5.8%
2021 8.2% -0.8%
2020 3% 4.5%
2019 2.8% -1%
2018 3.6% 4%
2017 4.3% -0.9%
2016 3.3% -1.6%
2015 6.7% 4.8%
2014 9.6% -5.5%
2013 8.1% 0.2%
2012 10.1% 7.5%
2011 8.6% 2%
2010 4.8% -2.1%
2009 7.1% 10.1%
2008 6.3% 8.3%
2007 5.2% -7.4%
2006 4.9% 9.6%
2005 4.8% 4.4%
2004 3.3% -4.8%
2003 2.5% -1.8%
2002 2.9% 5.2%
2001 3.7% 12.4%
2000 7.2% 3.8%
1999 9.1% -8.4%
1998 7.6% 4.3%
1997 8.6% 5.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 2.34% in Chad. In 2024, inflation was 4.3% in Bhutan and 5.1% in Chad.

Balance of trade

Bhutan Chad
Current account balance
-$670M
2024
-$37.7M
1994
Current account balance ranking
114/190
2024
82/190
1994
Current account balance, % of GDP
-32%
2023
-3.2%
1994
Goods imports
$1.29B
2024
$212M
1994
Goods exports
$656M
2024
$135M
1994
Service imports
$228M
2024
$199M
1994
Service exports
$288M
2024
$54.8M
1994
Imports of goods and services, % of GDP
53.3%
2023
18.1%
2024
Exports of goods and services, % of GDP
28.4%
2023
29.8%
2024

Economic freedom indices

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

Bhutan Chad
Economic freedom 57.5 51.2
Economic freedom ranking 115/197 154/197
Property rights 69.2 17.2
Government integrity 72.2 15.2
Judicial effectiveness 61.8 15
Tax burden 83.4 77.9
Government spending 74.1 92.2
Fiscal health 25.8 97.9
Business freedom 67.8 27.4
Labor freedom 60.1 53.7
Monetary freedom 71.6 71.6
Trade freedom 63.4 46.4
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Bhutan
Chad
1x
Year Economic freedom index
Bhutan Chad
2026 57.5 51.2
2025 57.5 52.2
2024 55.4 51.4
2023 59 52
2022 59.3 49.8
2021 58.3 50.4
2020 62.1 50.2
2019 62.9 49.9
2018 61.8 49.3
2017 58.4 49
2016 59.5 46.3
2015 57.4 45.9
2014 56.7 44.5
2013 55 45.2
2012 56.6 44.8
2011 57.6 45.3
2010 57 47.5
2009 57.7 47.5
2008 - 47.8
2007 - 50.1
2006 - 50
2005 - 52.1
2004 - 53.1
2003 - 52.6
2002 - 49.2
2001 - 46.4
2000 - 46.8
1999 - 47.2
1998 - 46.6
1997 - 45.1

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, compared to 51.2 for Chad, ranking 154/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bhutan Chad
Services, % of GDP
52.8%
2023
29.8%
2024
Industry, % of GDP
29.4%
2023
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
15%
2023
37.7%
2024
GNI, Atlas method
$2.93B
2023
$19.1B
2024
GNI per capita, PPP
$15,320
2023
$2,710
2024
Total reserves including gold
$941M
2024
$1.05B
2023
Total reserves ranking
143/177
2024
140/177
2023
Net foreign direct investment
-$22.8M
2024
-$26.5M
1994
Net inflows of foreign direct investment
$2.82M
2024
$1.02B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
1.9%
2024
Poverty at national poverty lines
12.4%
2022
44.8%
2022
Gross capital formation, % of GDP
45.3%
2023
26.8%
2024

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/bhutan/chad | 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. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1987–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.