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Economy of Bhutan vs Haiti compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $25.2B for Haiti, ranking 170/197 and 117/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Bhutan vs Haiti GDP by year

Bhutan
Haiti
1x
Year GDP, current $
Bhutan Haiti
2024 - $25,224,154,991
2023 $3,012,896,789 $19,850,585,722
2022 $2,898,227,744 $20,253,551,921
2021 $2,768,802,960 $20,944,387,976
2020 $2,457,604,334 $14,508,222,518
2019 $2,735,683,570 $15,016,090,930
2018 $2,583,335,722 $16,403,864,618
2017 $2,591,358,009 $15,093,357,161
2016 $2,357,504,761 $14,069,277,526
2015 $2,187,815,803 $14,849,629,309
2014 $2,089,079,571 $15,146,883,498
2013 $1,943,696,952 $14,902,488,604
2012 $1,973,387,228 $13,708,925,477
2011 $1,977,728,659 $13,008,746,039
2010 $1,708,880,730 $11,859,312,725
2009 $1,331,343,798 $11,597,002,835
2008 $1,317,517,835 $10,432,962,635
2007 $1,255,767,964 $9,228,637,768
2006 $942,879,879 $7,638,739,123
2005 $860,391,000 $7,030,149,730
2004 $735,348,490 $6,087,360,684
2003 $651,935,430 $5,071,947,798
2002 $559,345,264 $6,205,847,214
2001 $496,110,226 $6,331,970,324
2000 $460,733,418 $6,813,566,099
1999 $399,311,200 $4,153,725,884
1998 $363,458,381 $3,723,903,724
1997 $352,229,077 $3,338,949,152
1996 $303,408,346 $2,907,517,604
1995 $290,490,984 $2,813,313,279
1994 $258,954,708 $2,167,569,046
1993 $225,973,693 $1,878,253,767
1992 $240,233,531 $2,257,129,792
1991 $240,294,286 $3,473,562,628
1990 $287,765,007 $3,096,289,800
1989 $264,798,626 $2,736,243,800
1988 $272,298,067 $2,613,926,800
1987 $242,742,766 $2,047,200,000
1986 $191,218,115 $2,318,000,000
1985 $163,288,815 $2,009,400,000
1984 $160,423,494 $1,816,200,000
1983 $156,704,290 $1,623,600,000
1982 $141,439,317 $1,474,200,000
1981 $139,174,178 $1,479,400,000
1980 $128,669,201 $1,383,800,000
1979 $105,377,995 $1,080,600,000
1978 $94,086,228 $974,200,000
1977 $97,884,434 $947,000,000
1976 $88,461,263 $879,000,000
1975 $86,820,762 $681,400,000
1974 $92,901,784 $565,399,322
1973 $78,900,289 $466,798,973
1972 $70,139,867 $371,998,958
1971 $66,289,450 $362,800,000
1970 $61,812,113 $331,200,000
1969 - $391,820,400
1968 - $367,968,800
1967 - $369,124,200
1966 - $368,948,600
1965 - $353,251,800
1964 - $325,281,200
1963 - $294,883,400
1962 - $281,896,800
1961 - $271,066,000
1960 - $273,187,200

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

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

GDP per capita in Bhutan vs Haiti by year

Bhutan
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,143 $3,194
2023 $3,831 $16,215 $1,706 $3,292
2022 $3,711 $15,064 $1,761 $3,275
2021 $3,571 $13,459 $1,841 $3,145
2020 $3,192 $12,475 $1,290 $3,103
2019 $3,577 $12,909 $1,352 $3,237
2018 $3,400 $11,970 $1,496 $3,197
2017 $3,435 $11,677 $1,395 $3,339
2016 $3,152 $11,273 $1,318 $3,253
2015 $2,954 $10,214 $1,411 $3,026
2014 $2,849 $9,323 $1,460 $3,076
2013 $2,680 $8,667 $1,458 $3,042
2012 $2,751 $8,577 $1,361 $2,830
2011 $2,788 $7,935 $1,312 $2,858
2010 $2,436 $7,246 $1,210 $2,695
2009 $1,918 $6,466 $1,197 $2,855
2008 $1,920 $6,035 $1,095 $2,724
2007 $1,850 $5,729 $985 $2,647
2006 $1,406 $4,860 $829 $2,504
2005 $1,300 $4,523 $776 $2,427
2004 $1,130 $4,173 $683 $2,322
2003 $1,022 $3,942 $579 $2,331
2002 $896 $3,663 $721 $2,248
2001 $812 $3,338 $749 $2,230
2000 $772 $3,113 $821 $2,229
1999 $685 $3,017 $510 $2,201
1998 $638 $2,819 $465 $2,152
1997 $630 $2,683 $425 $2,122
1996 $553 $2,548 $377 $2,070
1995 $530 $2,374 $372 $1,989
1994 $467 $2,146 $292.1 $1,807
1993 $407 $2,001 $258.1 $2,048
1992 $416 $1,840 $316 $2,158
1991 $401 $1,657 $497 $2,273
1990 $488 $1,638 $452 $2,202
1989 $462 - $407 -
1988 $489 - $397 -
1987 $449 - $318 -
1986 $365 - $367 -
1985 $321 - $325 -
1984 $326 - $299.2 -
1983 $328 - $272.8 -
1982 $306 - $252.6 -
1981 $311 - $258.5 -
1980 $296.9 - $246.5 -
1979 $251.4 - $196.2 -
1978 $232.2 - $180.3 -
1977 $249.9 - $178.7 -
1976 $233.7 - $169.1 -
1975 $237.4 - $133.6 -
1974 $262.8 - $113 -
1973 $230.9 - $95.1 -
1972 $212.4 - $77.3 -
1971 $207.7 - $76.8 -
1970 $200.3 - $71.5 -
1969 - - $86.1 -
1968 - - $82.4 -
1967 - - $84.2 -
1966 - - $85.7 -
1965 - - $83.6 -
1964 - - $78.5 -
1963 - - $72.4 -
1962 - - $70.4 -
1961 - - $69 -
1960 - - $70.8 -

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

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

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Haiti ranks 177th at $3,194.

Economic indicators

Bhutan Haiti
Gross domestic product
$3.01B
2023
$25.2B
2024
GDP rank
170/197
2023
117/197
2024
GDP growth
4.63%
2022-2023
-4.17%
2023-2024
GDP per capita
$3,831
2023
$2,143
2024
GDP per capita rank
132/197
2023
153/197
2024
GDP per capita, PPP
$16,215
2023
$3,194
2024
GDP per capita PPP rank
109/197
2023
177/197
2024
Government debt
$3.53B
2023
$3.91B
2024
Debt-to-GDP ratio
110.4%
2024
15.5%
2024
Government debt per person
$4,485
2023
$332
2024
Government debt per person rank
87/185
2023
176/185
2024
Average annual personal income after taxes
$5,506
2026
$1,896
2026
Income share by richest 10%
22.7%
2022
31.2%
2012
Income share by poorest 10%
3.6%
2022
2.1%
2012
Government expenditure, % of GDP
27.1%
2024
5.25%
2024
Consumer prices inflation
4.3%
2023-2024
26.9%
2023-2024
Unemployment rate
3.28%
2024
14.1%
2012
Population
803385
12076663

Spending and national debt comparison by year

Bhutan
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Bhutan Haiti
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 5.25% 15.5%
2023 28.8% 117.1% 6.46% 28.5%
2022 32.1% 119.9% 8.33% 29.5%
2021 36.6% 124.5% 9.42% 28.9%
2020 30.9% 116% 9.86% 22.3%
2019 24.2% 100.8% 9.59% 26.5%
2018 31.7% 103.4% 11.3% 24.1%
2017 30.6% 104.1% 10.2% 22.5%
2016 30.5% 103% 10.5% 24.4%
2015 27.5% 90.2% 12.7% 23.9%
2014 28.9% 89.8% 14.6% 21.4%
2013 32.5% 87.4% 15.9% 25.1%
2012 35.1% 71.5% 16.4% 24.1%
2011 36.1% 62.3% 14.1% 22.3%
2010 41.5% 55.8% 12.6% 24.9%
2009 39.3% 61% 11.6% 19.4%
2008 36.1% 60.6% 11.2% 33.9%
2007 33.2% 67.3% 11.1% 24.4%
2006 33.4% 80.1% 9.67% 32.2%
2005 36.4% 80.8% 8.75% 29.7%
2004 31% 76% 7.38% 30.4%
2003 34.7% 68.5% 7.83% 37.8%
2002 39.3% 57.7% 6.64% 32%
2001 50.3% 52.4% 6.11% 28.8%
2000 43% 44% 6.25% 32.5%
1999 40.2% 39.2% 6.91% 24.1%
1998 31.1% 36.4% 5.4% 24%
1997 37.8% 33% 5.46% 26.2%
1996 37.9% 36.8% - 26.2%
1995 38.6% 38.7% - 26.2%
1994 37.9% 53.2% - 35.3%
1993 35.2% 60.2% - 98%
1992 34.5% 35.6% - 118.9%
1991 30.8% 33.5% - 80.7%
1990 35.8% 27.4% - 85.1%
1989 46.8% 26.4% - 98.7%
1988 45.3% 24.7% - 90.9%
1987 47.5% 17.3% 32.4% 58.6%
1986 - - 15.1% 26.5%
1985 - - 17.4% 25.6%
1984 - - 16.9% 27.3%
1983 - - 21.9% 28.9%
1982 - - 20.7% 25.5%
1981 - - 17.4% 23.7%
1980 - - 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 15.5% in Haiti, ranking 17/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Haiti
1x
Year Deficit/surplus, % of GDP
Bhutan Haiti
2024 -0.17% 6.96%
2023 -4.73% 0.77%
2022 -6.95% -1.75%
2021 -5.76% -2.45%
2020 -1.81% -1.96%
2019 -1.49% -1.99%
2018 -1.52% -1.13%
2017 -4.49% -0.32%
2016 -2.31% 0.12%
2015 -0.49% -1.47%
2014 2.46% -3.64%
2013 -4.55% -3.98%
2012 -2.1% -2.71%
2011 -3.02% -1.43%
2010 1.92% -1.5%
2009 -0.8% -2%
2008 -2.57% -1.8%
2007 0.79% -1.55%
2006 -0.07% -0.91%
2005 -6.96% -0.83%
2004 1.8% -1.34%
2003 -10.2% -2.24%
2002 -4.33% -1.8%
2001 -12.2% -1.55%
2000 -3.39% -1.36%
1999 -1.28% -1.54%
1998 1.28% 0.21%
1997 -1.92% 0.37%
1996 2.55% -
1995 -0.88% -
1994 -0.13% -
1993 4.71% -
1992 -3.47% -
1991 -0.48% -
1990 -7.21% -
1989 -10.1% -
1988 1.33% -
1987 -0.56% -4.94%
1986 - -1.4%
1985 - -0.97%
1984 - -3.52%
1983 - -5.72%
1982 - -3.93%
1981 - -4.38%
1980 - -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1989, retrieved 2026-02-20).

GeoRank.org/economy/bhutan/haiti | 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 Haiti's surplus of $152M, or 0.77% of GDP.

Over the past 37 years, Bhutan recorded a fiscal deficit in 29 of those years, while Haiti ran a deficit in 24 years. On average, Bhutan posted an annual deficit equal to 2.4% of GDP, compared to deficit of 1.6% of GDP for Haiti.

Inflation comparison by year

Inflation
Bhutan

Haiti
1x
Year Consumer prices inflation
Bhutan Haiti
2024 4.3% 26.9%
2023 4.5% 36.8%
2022 5.9% 34%
2021 8.2% 16.8%
2020 3% 22.8%
2019 2.8% 18.7%
2018 3.6% 12.5%
2017 4.3% 10.7%
2016 3.3% 11.5%
2015 6.7% 6.73%
2014 9.6% 3.44%
2013 8.1% 4.77%
2012 10.1% 5.02%
2011 8.6% 6.33%
2010 4.8% 4.83%
2009 7.1% 0.39%
2008 6.3% 15.3%
2007 5.2% 6.56%
2006 4.9% 11.3%
2005 4.8% 14%
2004 3.3% 21%
2003 2.5% 28.7%
2002 2.9% 7.03%
2001 3.7% 13.3%
2000 7.2% 9.33%
1999 9.1% 3%
1998 7.6% 5.27%
1997 8.6% 20.6%

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/bhutan/haiti | CC BY

Over the past 28 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 13.5% in Haiti. In 2024, inflation was 4.3% in Bhutan and 26.9% in Haiti.

Balance of trade

Bhutan Haiti
Current account balance
-$670M
2024
-$145M
2024
Current account balance ranking
114/190
2024
92/190
2024
Current account balance, % of GDP
-32%
2023
-0.58%
2024
Goods imports
$1.29B
2024
$4.27B
2024
Goods exports
$656M
2024
$767M
2024
Service imports
$228M
2024
$518M
2024
Service exports
$288M
2024
$96.6M
2024
Imports of goods and services, % of GDP
53.3%
2023
18.8%
2024
Exports of goods and services, % of GDP
28.4%
2023
3.4%
2024

Economic freedom indices

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

Bhutan Haiti
Economic freedom 57.5 46.1
Economic freedom ranking 115/197 178/197
Property rights 69.2 6.6
Government integrity 72.2 13
Judicial effectiveness 61.8 17.3
Tax burden 83.4 81.7
Government spending 74.1 98.7
Fiscal health 25.8 99.5
Business freedom 67.8 30.7
Labor freedom 60.1 54.7
Monetary freedom 71.6 45.1
Trade freedom 63.4 66.4
Investment freedom 20 20
Financial freedom 20 20

Economic freedom comparison by year

Bhutan
Haiti
1x
Year Economic freedom index
Bhutan Haiti
2026 57.5 46.1
2025 57.5 46.1
2024 55.4 48.2
2023 59 49.9
2022 59.3 50
2021 58.3 50.8
2020 62.1 52.3
2019 62.9 52.7
2018 61.8 55.8
2017 58.4 49.6
2016 59.5 51.3
2015 57.4 51.3
2014 56.7 48.9
2013 55 48.1
2012 56.6 50.7
2011 57.6 52.1
2010 57 50.8
2009 57.7 50.5
2008 - 49
2007 - 51.4
2006 - 49.2
2005 - 48.4
2004 - 51.2
2003 - 50.6
2002 - 47.9
2001 - 47.1
2000 - 45.7
1999 - 45.9
1998 - 45.7
1997 - 45.8
1996 - 41
1995 - 43

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

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bhutan Haiti
Services, % of GDP
52.8%
2023
48.3%
2024
Industry, % of GDP
29.4%
2023
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
15%
2023
15.9%
2024
GNI, Atlas method
$2.93B
2023
$20.7B
2024
GNI per capita, PPP
$15,320
2023
$3,190
2024
Total reserves including gold
$941M
2024
$2.72B
2024
Total reserves ranking
143/177
2024
121/177
2024
Net foreign direct investment
-$22.8M
2024
-$20M
2024
Net inflows of foreign direct investment
$2.82M
2024
$20M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
2.15%
2024
Poverty at national poverty lines
12.4%
2022
58.5%
2012
Gross capital formation, % of GDP
45.3%
2023
9.94%
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/haiti | 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 (1924–1996, 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. 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.