Skip to content

Economy of Bhutan vs Mauritania compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $10.9B for Mauritania, ranking 170/197 and 153/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $4.67B (42.8% of GDP) in Mauritania.

Bhutan vs Mauritania GDP by year

Bhutan
Mauritania
1x
Year GDP, current $
Bhutan Mauritania
2024 - $10,908,045,687
2023 $3,012,896,789 $10,726,838,461
2022 $2,898,227,744 $9,557,966,698
2021 $2,768,802,960 $9,222,536,364
2020 $2,457,604,334 $8,260,752,385
2019 $2,735,683,570 $7,894,764,886
2018 $2,583,335,722 $7,473,550,557
2017 $2,591,358,009 $6,800,135,898
2016 $2,357,504,761 $6,398,747,592
2015 $2,187,815,803 $6,166,863,897
2014 $2,089,079,571 $6,592,537,782
2013 $1,943,696,952 $7,223,071,097
2012 $1,973,387,228 $6,728,208,836
2011 $1,977,728,659 $6,764,627,746
2010 $1,708,880,730 $5,628,878,798
2009 $1,331,343,798 $4,714,595,548
2008 $1,317,517,835 $5,206,437,194
2007 $1,255,767,964 $4,346,212,355
2006 $942,879,879 $3,919,577,286
2005 $860,391,000 $2,936,019,526
2004 $735,348,490 $2,362,501,023
2003 $651,935,430 $2,051,147,607
2002 $559,345,264 $1,777,057,481
2001 $496,110,226 $1,746,063,558
2000 $460,733,418 $1,779,520,886
1999 $399,311,200 $1,985,922,776
1998 $363,458,381 $2,032,347,665
1997 $352,229,077 $2,071,996,564
1996 $303,408,346 $2,132,087,009
1995 $290,490,984 $2,091,726,101
1994 $258,954,708 $1,944,876,755
1993 $225,973,693 $1,847,353,211
1992 $240,233,531 $2,164,298,425
1991 $240,294,286 $2,133,692,697
1990 $287,765,007 $1,506,914,408
1989 $264,798,626 $1,450,647,019
1988 $272,298,067 $1,414,951,290
1987 $242,742,766 $1,344,664,725
1986 $191,218,115 $1,186,628,778
1985 $163,288,815 $1,009,723,326
1984 $160,423,494 $1,074,373,230
1983 $156,704,290 $1,165,171,263
1982 $141,439,317 $1,108,776,653
1981 $139,174,178 $1,105,494,682
1980 $128,669,201 $1,047,925,106
1979 $105,377,995 $951,900,945
1978 $94,086,228 $804,629,877
1977 $97,884,434 $799,030,017
1976 $88,461,263 $775,045,517
1975 $86,820,762 $703,377,837
1974 $92,901,784 $613,010,553
1973 $78,900,289 $493,237,876
1972 $70,139,867 $391,669,449
1971 $66,289,450 $335,568,907
1970 $61,812,113 $309,405,316
1969 - $295,062,308
1968 - $311,395,937
1967 - $282,615,310
1966 - $266,533,605
1965 - $255,340,475
1964 - $224,495,744
1963 - $168,186,297
1962 - $164,271,558
1961 - $159,213,430

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

GDP per capita in Bhutan vs Mauritania by year

Bhutan
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,110 $7,369
2023 $3,831 $16,215 $2,136 $6,966
2022 $3,711 $15,064 $1,960 $6,485
2021 $3,571 $13,459 $1,948 $5,837
2020 $3,192 $12,475 $1,796 $5,741
2019 $3,577 $12,909 $1,767 $5,610
2018 $3,400 $11,970 $1,723 $5,429
2017 $3,435 $11,677 $1,615 $5,353
2016 $3,152 $11,273 $1,566 $4,683
2015 $2,954 $10,214 $1,555 $3,978
2014 $2,849 $9,323 $1,713 $3,865
2013 $2,680 $8,667 $1,934 $3,831
2012 $2,751 $8,577 $1,859 $3,465
2011 $2,788 $7,935 $1,931 $3,271
2010 $2,436 $7,246 $1,660 $3,178
2009 $1,918 $6,466 $1,435 $3,159
2008 $1,920 $6,035 $1,636 $3,236
2007 $1,850 $5,729 $1,405 $3,278
2006 $1,406 $4,860 $1,301 $3,342
2005 $1,300 $4,523 $999 $2,809
2004 $1,130 $4,173 $824 $2,570
2003 $1,022 $3,942 $732 $2,447
2002 $896 $3,663 $649 $2,296
2001 $812 $3,338 $652 $2,280
2000 $772 $3,113 $681 $2,304
1999 $685 $3,017 $781 $2,411
1998 $638 $2,819 $821 $2,355
1997 $630 $2,683 $859 $2,325
1996 $553 $2,548 $904 $2,436
1995 $530 $2,374 $905 $2,306
1994 $467 $2,146 $865 $2,114
1993 $407 $2,001 $850 $2,209
1992 $416 $1,840 $1,036 $2,122
1991 $401 $1,657 $1,062 $2,116
1990 $488 $1,638 $772 $2,070
1989 $462 - $762 -
1988 $489 - $762 -
1987 $449 - $746 -
1986 $365 - $677 -
1985 $321 - $593 -
1984 $326 - $650 -
1983 $328 - $725 -
1982 $306 - $710 -
1981 $311 - $729 -
1980 $296.9 - $711 -
1979 $251.4 - $664 -
1978 $232.2 - $578 -
1977 $249.9 - $590 -
1976 $233.7 - $589 -
1975 $237.4 - $551 -
1974 $262.8 - $494 -
1973 $230.9 - $410 -
1972 $212.4 - $335 -
1971 $207.7 - $296 -
1970 $200.3 - $281.3 -
1969 - - $276.6 -
1968 - - $301 -
1967 - - $281.5 -
1966 - - $273.6 -
1965 - - $270 -
1964 - - $244.3 -
1963 - - $188.2 -
1962 - - $189 -
1961 - - $188.2 -

Data sources: World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06).

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

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $2,110 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Mauritania ranks 147th at $7,369.

Economic indicators

Bhutan Mauritania
Gross domestic product
$3.01B
2023
$10.9B
2024
GDP rank
170/197
2023
153/197
2024
GDP growth
4.63%
2022-2023
6.31%
2023-2024
GDP per capita
$3,831
2023
$2,110
2024
GDP per capita rank
132/197
2023
156/197
2024
GDP per capita, PPP
$16,215
2023
$7,369
2024
GDP per capita PPP rank
109/197
2023
147/197
2024
Government debt
$3.53B
2023
$4.67B
2024
Debt-to-GDP ratio
110.4%
2024
42.8%
2024
Government debt per person
$4,485
2023
$904
2024
Government debt per person rank
87/185
2023
145/185
2024
Average annual personal income after taxes
$5,506
2026
$2,078
2026
Income share by richest 10%
22.7%
2022
24.6%
2019
Income share by poorest 10%
3.6%
2022
3.1%
2019
Government expenditure, % of GDP
27.1%
2024
23.6%
2024
Consumer prices inflation
4.3%
2023-2024
2.49%
2023-2024
Unemployment rate
3.28%
2024
10.4%
2019
Population
803385
5505206

Spending and national debt comparison by year

Bhutan
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Bhutan Mauritania
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 23.6% 42.8%
2023 28.8% 117.1% 24.8% 47.1%
2022 32.1% 119.9% 28.7% 50.5%
2021 36.6% 124.5% 20.8% 54.5%
2020 30.9% 116% 18.5% 56.5%
2019 24.2% 100.8% 17.8% 57.7%
2018 31.7% 103.4% 19% 59.2%
2017 30.6% 104.1% 20.3% 55.7%
2016 30.5% 103% 20.8% 57.6%
2015 27.5% 90.2% 25.7% 59.9%
2014 28.9% 89.8% 23.9% 49.5%
2013 32.5% 87.4% 20.1% 40.7%
2012 35.1% 71.5% 21.5% 39.3%
2011 36.1% 62.3% 17% 38.8%
2010 41.5% 55.8% 17.3% 43.9%
2009 39.3% 61% 19.6% 54.3%
2008 36.1% 60.6% 19.8% 57.2%
2007 33.2% 67.3% 19.7% 61.5%
2006 33.4% 80.1% 19% 38%
2005 36.4% 80.8% 21.3% 71.1%
2004 31% 76% 23.9% 22%
2003 34.7% 68.5% - 22.9%
2002 39.3% 57.7% - 59.5%
2001 50.3% 52.4% - 63.5%
2000 43% 44% - 55.5%
1999 40.2% 39.2% - -
1998 31.1% 36.4% - -
1997 37.8% 33% - -
1996 37.9% 36.8% - -
1995 38.6% 38.7% - -
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 (1987–1992, retrieved 2026-02-20).

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

In 2024, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while Mauritania spent $2.57B, or 23.6% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 42.8% in Mauritania, ranking 17/185 and 126/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Mauritania
1x
Year Deficit/surplus, % of GDP
Bhutan Mauritania
2024 -0.17% -1.35%
2023 -4.73% -2.45%
2022 -6.95% -3.09%
2021 -5.76% 2.6%
2020 -1.81% 2.78%
2019 -1.49% 2.65%
2018 -1.52% 3.23%
2017 -4.49% 0.53%
2016 -2.31% 0.13%
2015 -0.49% -2.44%
2014 2.46% -2.64%
2013 -4.55% -0.66%
2012 -2.1% 1.67%
2011 -3.02% 0.07%
2010 1.92% -0.45%
2009 -0.8% -3.59%
2008 -2.57% -3.32%
2007 0.79% -1.38%
2006 -0.07% 2.05%
2005 -6.96% -3.16%
2004 1.8% -3.06%
2003 -10.2% -
2002 -4.33% -
2001 -12.2% -
2000 -3.39% -
1999 -1.28% -
1998 1.28% -
1997 -1.92% -
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% -

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/mauritania | 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 Mauritania's deficit of $263M, or 2.45% of GDP.

Over the past 20 years, Bhutan recorded a fiscal deficit in 16 of those years, while Mauritania ran a deficit in 11 years. On average, Bhutan posted an annual deficit equal to 2.13% of GDP, compared to deficit of 0.53% of GDP for Mauritania.

Inflation comparison by year

Inflation
Bhutan

Mauritania
1x
Year Consumer prices inflation
Bhutan Mauritania
2024 4.3% 2.49%
2023 4.5% 4.95%
2022 5.9% 9.53%
2021 8.2% 3.57%
2020 3% 2.39%
2019 2.8% 2.3%
2018 3.6% 3.07%
2017 4.3% 2.25%
2016 3.3% 1.47%
2015 6.7% 3.25%
2014 9.6% 3.53%
2013 8.1% 4.13%
2012 10.1% 4.9%
2011 8.6% 5.69%
2010 4.8% 6.28%
2009 7.1% 2.22%
2008 6.3% 7.35%
2007 5.2% 7.25%
2006 4.9% 6.24%
2005 4.8% 12.1%
2004 3.3% 10.4%
2003 2.5% 5.15%
2002 2.9% 3.9%
2001 3.7% 4.71%
2000 7.2% 3.25%
1999 9.1% 4.07%
1998 7.6% 8.03%
1997 8.6% 4.63%

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/mauritania | CC BY

Over the past 28 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 4.97% in Mauritania. In 2024, inflation was 4.3% in Bhutan and 2.49% in Mauritania.

Balance of trade

Bhutan Mauritania
Current account balance
-$670M
2024
-$1.04B
2024
Current account balance ranking
114/190
2024
124/190
2024
Current account balance, % of GDP
-32%
2023
-9.53%
2024
Goods imports
$1.29B
2024
$4.32B
2024
Goods exports
$656M
2024
$3.83B
2024
Service imports
$228M
2024
$1.05B
2024
Service exports
$288M
2024
$230M
2024
Imports of goods and services, % of GDP
53.3%
2023
52.2%
2024
Exports of goods and services, % of GDP
28.4%
2023
41.4%
2024

Economic freedom indices

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

Bhutan Mauritania
Economic freedom 57.5 53.9
Economic freedom ranking 115/197 136/197
Property rights 69.2 32.6
Government integrity 72.2 24.5
Judicial effectiveness 61.8 26.4
Tax burden 83.4 75.5
Government spending 74.1 80.2
Fiscal health 25.8 87.9
Business freedom 67.8 38.7
Labor freedom 60.1 53.6
Monetary freedom 71.6 77.8
Trade freedom 63.4 59.6
Investment freedom 20 50
Financial freedom 20 40

Economic freedom comparison by year

Bhutan
Mauritania
1x
Year Economic freedom index
Bhutan Mauritania
2026 57.5 53.9
2025 57.5 54.9
2024 55.4 55.3
2023 59 55.3
2022 59.3 55.3
2021 58.3 56.1
2020 62.1 55.3
2019 62.9 55.7
2018 61.8 54
2017 58.4 54.4
2016 59.5 54.8
2015 57.4 53.3
2014 56.7 53.2
2013 55 52.3
2012 56.6 53
2011 57.6 52.1
2010 57 52
2009 57.7 53.9
2008 - 55.2
2007 - 53.6
2006 - 55.7
2005 - 59.4
2004 - 61.8
2003 - 59
2002 - 52.5
2001 - 48.5
2000 - 46
1999 - 42.8
1998 - 43.7
1997 - 47
1996 - 45.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bhutan Mauritania
Services, % of GDP
52.8%
2023
42.4%
2024
Industry, % of GDP
29.4%
2023
30.5%
2024
Agriculture, forestry, and fishing, % of GDP
15%
2023
19.3%
2024
GNI, Atlas method
$2.93B
2023
$11B
2024
GNI per capita, PPP
$15,320
2023
$7,300
2024
Total reserves including gold
$941M
2024
$2.04B
2021
Total reserves ranking
143/177
2024
126/177
2021
Net foreign direct investment
-$22.8M
2024
-$1.44B
2024
Net inflows of foreign direct investment
$2.82M
2024
$1.44B
2024
Net outflows of foreign direct investment
$0
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
3.82%
2024
Poverty at national poverty lines
12.4%
2022
31.8%
2019
Gross capital formation, % of GDP
45.3%
2023
43.1%
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/mauritania | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1961–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, 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 (1987–1992, 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.