Bhutan vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Bhutan ranked 172nd with $2.4B. By GDP 5-years average growth and GDP per capita, Italy and Bhutan ranked 154th vs 23rd and 29th vs 129th, respectively.

Gross Domestic Product & Income

Stat	Bhutan	Italy
GDP	$2.4B	$2.1T
GDP growth, 1 year	5.8%	0.9%
GDP growth, 5-years average	6.1%	0.9%
Population	808k	60.3M
GDP per capita	$3.2k	$34k
GDP per capita growth	1.82%	0.95%
Purchasing Power Parity conversion factor	21.81	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.32	0.82
GDP per capita, PPP adjusted	$9.5k	$40k
GNI, Atlas method	$2.2B	$2T
GNI per capita	$3k	$34k
GNI, PPP adjusted	$7B	$2.6T
GNI per capita, PPP adjusted	$9.3k	$42k

Financial system and Human development

Stat	Bhutan	Italy
Income Tax Rate	25%	43%
Corporate Tax Rate	30%	27.5%
Inflation, consumer prices	3.6%	1.2%
Inflation, GDP deflator	1.8%	0.9%
Unemployment	2.2%	10.2%
Economic Freedom Index	62.1	63.8
Personal Freedom Index	6.9	8.79
Human Freedom Index	6.85	8.01
Property Rights Index	69.9	75.4
Judical Effectiveness Index	46.4	51.3
Business Freedom Index	68.2	70.4
Fiscal Health Index	74.8	71.1
Labor Freedom Index	79.4	50.9
Investment Freedom Index	20	80
Financial Freedom Index	30	50
Trade Freedom Index	79.4	86.4
Monetary Freedom Index	71.6	83.2
Government Spending Index	71.1	28.5
Tax Burden Index	82.9	56
Government Integrity Index	51.2	62.2
Corruption Perceptions Index	68	52
Life expectancy at birth, years	71.1	83.2
Suicide mortality rate, per 100,000 people	11.4	8.2
Mortality caused by road traffic injury, per 100,000 people	17.4	5.6
Intentional homicides, per 100,000 people	1.6	0.7
International tourism, number of arrivals	274k	61.6M

Government debt & reserves

Stat	Bhutan	Italy
Central government debt, % of GDP	102.6%	132.1%
External debt stocks, % of GNI	109.2%	N/A
External debt stocks	$2.5B	N/A
Short-term debt, % of total reserves	0.4%	N/A
Total debt service, % of exports and primary income	10.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	23.3%	6%
Gross savings, % of GDP	21.6%	20.8%
Gross capital formation, % of GDP	47.5%	18.2%
Total reserves including gold	$987.2M	$152.4B
Foreign direct investment net inflows	$2.6M	$39.6B

Exports, imports and economic structure

Stat	Bhutan	Italy
Exports of goods and services, % of GDP	30.8%	31.5%
Imports of goods and services, % of GDP	55.9%	29%
Current account balance (balance of payments)	-$497.6M	$53.8B
Revenue excluding grants, % of GDP	18.5%	37.7%
Grants excluding technical cooperation, BoP	$49.2M	N/A
Personal remittances received	$58.1M	$9.9B
Industry including construction value added, % of GDP	38.3%	21.4%
Agriculture, forestry and fishing value added, % of GDP	15.9%	1.9%
Charges for the use of intellectual property, payments BoP	$304k	$5.1B
Charges for the use of intellectual property, receipts BoP	$11k	$4.9B
Expense, % of GDP	18.5%	41.3%
Government Expenditure, % of GDP	31.1%	48.8%