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Economy of Bhutan vs Liechtenstein compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $8.24B for Liechtenstein, ranking 170/197 and 156/197 by economy size, respectively.

Bhutan vs Liechtenstein GDP by year

Bhutan
Liechtenstein
1x
Year GDP, current $
Bhutan Liechtenstein
2023 $3,012,896,789 $8,239,379,403
2022 $2,898,227,744 $7,426,856,243
2021 $2,768,802,960 $7,912,602,342
2020 $2,457,604,334 $6,405,870,210
2019 $2,735,683,570 $6,436,467,007
2018 $2,583,335,722 $6,692,620,692
2017 $2,591,358,009 $6,474,308,718
2016 $2,357,504,761 $6,237,302,034
2015 $2,187,815,803 $6,268,515,276
2014 $2,089,079,571 $6,657,526,980
2013 $1,943,696,952 $6,391,708,311
2012 $1,973,387,228 $5,456,102,482
2011 $1,977,728,659 $5,739,706,005
2010 $1,708,880,730 $5,082,337,238
2009 $1,331,343,798 $4,504,375,348
2008 $1,317,517,835 $5,081,479,840
2007 $1,255,767,964 $4,601,429,897
2006 $942,879,879 $4,000,102,086
2005 $860,391,000 $3,659,319,117
2004 $735,348,490 $3,454,373,798
2003 $651,935,430 $3,070,803,051
2002 $559,345,264 $2,688,618,747
2001 $496,110,226 $2,491,800,559
2000 $460,733,418 $2,483,889,858
1999 $399,311,200 $2,664,105,901
1998 $363,458,381 $2,479,699,106
1997 $352,229,077 $2,298,389,803
1996 $303,408,346 $2,504,012,993
1995 $290,490,984 $2,428,525,061
1994 $258,954,708 $1,948,129,623
1993 $225,973,693 $1,673,085,245
1992 $240,233,531 $1,631,177,029
1991 $240,294,286 $1,484,160,302
1990 $287,765,007 $1,421,509,216
1989 $264,798,626 $1,119,983,801
1988 $272,298,067 $1,161,757,671
1987 $242,742,766 $1,052,848,996
1986 $191,218,115 $779,357,803
1985 $163,288,815 $529,073,612
1984 $160,423,494 $502,620,992
1983 $156,704,290 $524,023,625
1982 $141,439,317 $522,096,760
1981 $139,174,178 $511,647,750
1980 $128,669,201 $534,699,363
1979 $105,377,995 $503,173,104
1978 $94,086,228 $436,912,068
1977 $97,884,434 $303,493,119
1976 $88,461,263 $272,489,300
1975 $86,820,762 $246,389,102
1974 $92,901,784 $193,980,465
1973 $78,900,289 $165,928,882
1972 $70,139,867 $124,940,289
1971 $66,289,450 $104,889,795
1970 $61,812,113 $90,099,361

Data sources: World Bank | Economy & Growth (1970–2023, retrieved 2026-04-06).

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

GDP per capita in Bhutan vs Liechtenstein by year

Bhutan
GDP per capita

GDP per capita, PPP
Liechtenstein
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Liechtenstein
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2023 $3,831 $16,215 $206,781 -
2022 $3,711 $15,064 $188,055 -
2021 $3,571 $13,459 $201,945 -
2020 $3,192 $12,475 $164,671 -
2019 $3,577 $12,909 $166,908 -
2018 $3,400 $11,970 $174,989 -
2017 $3,435 $11,677 $170,547 -
2016 $3,152 $11,273 $165,375 -
2015 $2,954 $10,214 $167,187 -
2014 $2,849 $9,323 $178,735 -
2013 $2,680 $8,667 $172,824 -
2012 $2,751 $8,577 $148,842 -
2011 $2,788 $7,935 $158,066 -
2010 $2,436 $7,246 $141,090 -
2009 $1,918 $6,466 $126,025 $139,100
2008 $1,920 $6,035 $143,249 $141,100
2007 $1,850 $5,729 $130,493 $122,100
2006 $1,406 $4,860 $114,168 -
2005 $1,300 $4,523 $105,295 -
2004 $1,130 $4,173 $100,281 -
2003 $1,022 $3,942 $90,108 -
2002 $896 $3,663 $79,795 -
2001 $812 $3,338 $75,068 -
2000 $772 $3,113 $76,088 -
1999 $685 $3,017 $82,682 $25,000
1998 $638 $2,819 $78,303 $23,000
1997 $630 $2,683 $73,591 -
1996 $553 $2,548 $80,689 -
1995 $530 $2,374 $78,910 -
1994 $467 $2,146 $63,936 -
1993 $407 $2,001 $55,605 -
1992 $416 $1,840 $55,057 -
1991 $401 $1,657 $50,812 -
1990 $488 $1,638 $49,458 -
1989 $462 - $39,552 -
1988 $489 - $41,569 -
1987 $449 - $38,206 -
1986 $365 - $28,613 -
1985 $321 - $19,684 -
1984 $326 - $18,898 -
1983 $328 - $19,815 -
1982 $306 - $19,886 -
1981 $311 - $19,929 -
1980 $296.9 - $20,959 -
1979 $251.4 - $19,674 -
1978 $232.2 - $17,457 -
1977 $249.9 - $12,417 -
1976 $233.7 - $11,326 -
1975 $237.4 - $10,333 -
1974 $262.8 - $8,272 -
1973 $230.9 - $7,282 -
1972 $212.4 - $5,645 -
1971 $207.7 - $4,856 -
1970 $200.3 - $4,262 -

Data sources: World Bank | Economy & Growth (1970–2023, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1998–2009, retrieved 2026-02-20).

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

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $206,781 in Liechtenstein, ranking 2/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Liechtenstein ranks 3rd at $139,100.

Economic indicators

Bhutan Liechtenstein
Gross domestic product
$3.01B
2023
$8.24B
2023
GDP rank
170/197
2023
156/197
2023
GDP growth
4.63%
2022-2023
n/a
GDP per capita
$3,831
2023
$206,781
2023
GDP per capita rank
132/197
2023
2/197
2023
GDP per capita, PPP
$16,215
2023
$139,100
2009
GDP per capita PPP rank
109/197
2023
3/197
2009
Government debt
$3.53B
2023
n/a
Debt-to-GDP ratio
110.4%
2024
n/a
Government debt per person
$4,485
2023
n/a
Government debt per person rank
87/185
2023
n/a
Average annual personal income after taxes
$5,506
2026
$97,806
2026
Number of billionaires n/a
1
2025
Income share by richest 10%
22.7%
2022
n/a
Income share by poorest 10%
3.6%
2022
n/a
Government expenditure, % of GDP
27.1%
2024
22.6%
2025
Consumer prices inflation
4.3%
2023-2024
-0.4%
2019-2020
Unemployment rate
3.28%
2024
2.01%
2007
Population
803385
41038

Inflation comparison by year

Inflation
Bhutan

Liechtenstein
1x
Year Consumer prices inflation
Bhutan Liechtenstein
2024 4.3% -
2023 4.5% -
2022 5.9% -
2021 8.2% -
2020 3% -0.4%
2019 2.8% -0.4%
2018 3.6% -0.4%
2017 4.3% -
2016 3.3% -0.4%
2015 6.7% -
2014 9.6% -
2013 8.1% -0.2%
2012 10.1% -0.7%
2011 8.6% 0.2%
2010 4.8% 0.7%
2009 7.1% 0.5%
2008 6.3% -
2007 5.2% -
2006 4.9% -
2005 4.8% -
2004 3.3% -
2003 2.5% -
2002 2.9% -
2001 3.7% 1%
2000 7.2% -
1999 9.1% -
1998 7.6% -
1997 8.6% 0.5%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1997–2020, retrieved 2026-02-20).

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

Over the past 24 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 0.04% in Liechtenstein. In 2020, inflation was 4.3% in Bhutan and -0.4% in Liechtenstein.

Balance of trade

Bhutan Liechtenstein
Current account balance
-$670M
2024
n/a
Current account balance ranking
114/190
2024
n/a
Current account balance, % of GDP
-32%
2023
n/a
Goods imports
$1.29B
2024
n/a
Goods exports
$656M
2024
n/a
Service imports
$228M
2024
n/a
Service exports
$288M
2024
n/a
Imports of goods and services, % of GDP
53.3%
2023
n/a
Exports of goods and services, % of GDP
28.4%
2023
n/a

Economic freedom indices

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

Bhutan Liechtenstein
Economic freedom 57.5 74
Economic freedom ranking 115/197 23/197
Property rights 69.2 93.1
Government integrity 72.2 83.7
Judicial effectiveness 61.8 87.3
Tax burden 83.4 93.4
Government spending 74.1 n/a
Fiscal health 25.8 n/a
Business freedom 67.8 83.6
Labor freedom 60.1 51.9
Monetary freedom 71.6 n/a
Trade freedom 63.4 86.6
Investment freedom 20 80
Financial freedom 20 80

Other economic metrics

Bhutan Liechtenstein
Services, % of GDP
52.8%
2023
57.4%
2023
Industry, % of GDP
29.4%
2023
39.1%
2023
Agriculture, forestry, and fishing, % of GDP
15%
2023
0.16%
2023
GNI, Atlas method
$2.93B
2023
$4.16B
2009
GNI per capita, PPP
$15,320
2023
n/a
Total reserves including gold
$941M
2024
n/a
Total reserves ranking
143/177
2024
n/a
Net foreign direct investment
-$22.8M
2024
n/a
Net inflows of foreign direct investment
$2.82M
2024
-$87.2B
2018
Net outflows of foreign direct investment
$0
2024
n/a
Servicing debt to the IMF, % of GNI
4.96%
2023
n/a
Poverty at national poverty lines
12.4%
2022
n/a
Gross capital formation, % of GDP
45.3%
2023
n/a

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/liechtenstein | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2025–2026, retrieved 2026-03-09)
  5. Central Intelligence Agency (CIA) (1997–2020, 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.