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Economy of Bhutan vs Niger compared: GDP & Debt

Updated on by Georank

Bhutan has a GDP of $3.58B compared to $21.6B for Niger, ranking 167/197 and 129/197 by economy size, respectively.

Bhutan has $3.71B in government debt (103.6% of GDP), compared to $9.82B (45.4% of GDP) in Niger.

Bhutan vs Niger GDP by year

Bhutan
Niger
1x
Year GDP, current $
Bhutan Niger
2025 $3,579,320,145 $21,646,191,388
2024 $3,346,603,859 $19,729,786,047
2023 $3,012,896,790 $16,949,765,464
2022 $2,898,227,744 $15,531,799,641
2021 $2,768,802,960 $14,936,154,253
2020 $2,457,604,334 $13,648,332,190
2019 $2,735,683,570 $12,420,836,507
2018 $2,583,335,722 $12,800,907,986
2017 $2,591,358,009 $11,359,273,443
2016 $2,357,504,761 $10,341,025,540
2015 $2,187,815,803 $9,683,867,926
2014 $2,089,079,571 $10,862,943,544
2013 $1,943,696,952 $10,224,897,438
2012 $1,973,387,228 $9,426,912,648
2011 $1,977,728,659 $8,772,950,778
2010 $1,708,880,730 $7,851,192,502
2009 $1,331,343,798 $7,352,131,310
2008 $1,317,517,835 $7,297,600,226
2007 $1,255,767,964 $5,731,485,052
2006 $942,879,879 $4,756,361,252
2005 $860,391,000 $4,383,315,965
2004 $735,348,490 $3,760,443,738
2003 $651,935,430 $3,394,084,732
2002 $559,345,264 $2,782,192,879
2001 $496,110,226 $2,448,714,704
2000 $460,733,418 $2,241,753,193
1999 $399,311,200 $2,537,789,821
1998 $363,458,381 $2,643,363,519
1997 $352,229,077 $2,290,318,910
1996 $303,408,346 $2,405,686,940
1995 $290,490,984 $2,302,537,562
1994 $258,954,708 $1,938,058,175
1993 $225,973,693 $3,052,673,849
1992 $240,233,531 $3,386,232,579
1991 $240,294,286 $3,285,796,875
1990 $287,765,007 $3,512,356,508
1989 $264,798,626 $2,179,567,114
1988 $272,298,067 $2,280,356,193
1987 $242,742,766 $2,233,006,105
1986 $191,218,115 $1,904,096,998
1985 $163,288,815 $1,440,581,652
1984 $160,423,494 $1,461,243,326
1983 $156,704,290 $1,803,099,561
1982 $141,439,317 $2,017,612,216
1981 $139,174,178 $2,170,893,414
1980 $128,669,201 $2,508,524,721
1979 $105,377,995 $2,109,277,666
1978 $94,086,228 $1,774,365,590
1977 $97,884,434 $1,291,458,041
1976 $88,461,263 $1,064,517,601
1975 $86,820,762 $1,048,690,933
1974 $92,901,784 $1,026,137,111
1973 $78,900,289 $946,385,105
1972 $70,139,867 $742,779,661
1971 $66,289,450 $693,573,704
1970 $61,812,113 $649,916,621
1969 - $625,867,985
1968 - $641,214,226
1967 - $665,586,872
1966 - $702,296,079
1965 - $673,383,511
1964 - $582,816,396
1963 - $586,294,879
1962 - $531,736,599
1961 - $485,785,231
1960 - $449,526,873

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bhutan vs Niger by year

Bhutan
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,493 - $775 -
2024 $4,228 - $730 $2,050
2023 $3,831 $16,215 $648 $1,875
2022 $3,711 $15,064 $614 $1,840
2021 $3,571 $13,459 $610 $1,586
2020 $3,192 $12,475 $575 $1,497
2019 $3,577 $12,909 $541 $1,419
2018 $3,400 $11,970 $577 $1,276
2017 $3,435 $11,677 $530 $1,208
2016 $3,152 $11,273 $500 $1,189
2015 $2,954 $10,214 $486 $1,172
2014 $2,849 $9,323 $565 $1,161
2013 $2,680 $8,667 $552 $1,138
2012 $2,751 $8,577 $529 $1,162
2011 $2,788 $7,935 $511 $1,064
2010 $2,436 $7,246 $474 $1,058
2009 $1,918 $6,466 $461 $999
2008 $1,920 $6,035 $475 $1,010
2007 $1,850 $5,729 $387 $955
2006 $1,406 $4,860 $333 $935
2005 $1,300 $4,523 $319 $888
2004 $1,130 $4,173 $283.5 $832
2003 $1,022 $3,942 $265.2 $837
2002 $896 $3,663 $225.3 $832
2001 $812 $3,338 $205.4 $809
2000 $772 $3,113 $194.8 $764
1999 $685 $3,017 $228.3 $783
1998 $638 $2,819 $246.1 $801
1997 $630 $2,683 $220.6 $745
1996 $553 $2,548 $239.5 $746
1995 $530 $2,374 $237 $757
1994 $467 $2,146 $206.2 $748
1993 $407 $2,001 $335 $742
1992 $416 $1,840 $384 $746
1991 $401 $1,657 $384 $738
1990 $488 $1,638 $424 $739
1989 $462 - $271.3 -
1988 $489 - $292.6 -
1987 $449 - $295.3 -
1986 $365 - $259.6 -
1985 $321 - $202.4 -
1984 $326 - $211.5 -
1983 $328 - $268.8 -
1982 $306 - $310 -
1981 $311 - $343 -
1980 $296.9 - $409 -
1979 $251.4 - $354 -
1978 $232.2 - $307 -
1977 $249.9 - $229.8 -
1976 $233.7 - $194.8 -
1975 $237.4 - $197.2 -
1974 $262.8 - $198.3 -
1973 $230.9 - $187.9 -
1972 $212.4 - $151.4 -
1971 $207.7 - $145.2 -
1970 $200.3 - $139.8 -
1969 - - $138.3 -
1968 - - $145.6 -
1967 - - $155.4 -
1966 - - $168.6 -
1965 - - $166.3 -
1964 - - $148.1 -
1963 - - $153.3 -
1962 - - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bhutan's GDP per capita is $4,493, ranking 128/197, compared to $775 in Niger, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Niger ranks 186th at $2,050.

Economic indicators

Bhutan Niger
Gross domestic product
$3.58B
2025
$21.6B
2025
GDP rank
167/197
2025
129/197
2025
GDP growth
8.01%
2024-2025
7.01%
2024-2025
GDP per capita
$4,493
2025
$775
2025
GDP per capita rank
128/197
2025
188/197
2025
GDP per capita, PPP
$16,215
2023
$2,050
2024
GDP per capita PPP rank
109/197
2023
186/197
2024
Government debt
$3.71B
2025
$9.82B
2025
Debt-to-GDP ratio
103.6%
2025
45.4%
2025
Government debt per person
$4,655
2025
$352
2025
Government debt per person rank
88/185
2025
175/185
2025
Average annual personal income after taxes
$4,215
2026
$1,418
2026
Income share by richest 10%
22.7%
2022
27.8%
2021
Income share by poorest 10%
3.6%
2022
3.8%
2021
Government expenditure, % of GDP
30.5%
2025
14.8%
2025
Consumer prices inflation
2.6%
2024-2025
-4.45%
2024-2025
Unemployment rate
3.36%
2025
0.4%
2022
Population
805057
29294628

Spending and national debt comparison by year

Bhutan
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Bhutan Niger
Government spending Government debt Government spending Government debt
2025 30.5% 103.6% 14.8% 45.4%
2024 28.3% 108.7% 13.4% 47.7%
2023 28.9% 117.2% 15.8% 51.8%
2022 32.1% 119.9% 21.6% 50.7%
2021 36.6% 124.5% 24.3% 51.3%
2020 30.9% 116% 22.4% 45%
2019 24.2% 100.8% 21.6% 39.8%
2018 31.7% 103.4% 21.2% 37%
2017 30.6% 104.1% 19.5% 36.5%
2016 30.5% 103% 19.4% 32.8%
2015 27.5% 90.2% 24.2% 29.9%
2014 28.9% 89.8% 23.6% 22.1%
2013 32.5% 87.4% 20.4% 19.6%
2012 35.1% 71.5% 16.6% 18.1%
2011 36.1% 62.3% 15.3% 14.7%
2010 41.5% 55.8% 14.3% 15.1%
2009 39.3% 61% 17.7% 15.9%
2008 36.1% 60.6% 16.9% 14.2%
2007 33.2% 67.3% 17.4% 17.8%
2006 33.4% 80.1% 15.2% 18.3%
2005 36.4% 80.8% 15.6% 49.5%
2004 31% 76% 16.1% 55%
2003 34.7% 68.5% 14% 60.6%
2002 39.3% 57.7% 14.4% 69%
2001 50.3% 52.4% 13.7% 74%
2000 43% 44% 13.5% 82.1%
1999 40.2% 39.2% 15% 63.3%
1998 31.1% 36.4% 13.6% 61.3%
1997 37.8% 33% 12.9% 69.1%
1996 37.9% 36.8% 10.9% 63.5%
1995 38.6% 38.7% 12.5% 69.4%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1992, retrieved 2026-07-08).

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

In 2025, Bhutan's government spending was $1.09B, accounting for 30.5% of its GDP, while Niger spent $3.2B, or 14.8% of GDP.

Debt-to-GDP ratio is 103.6% in Bhutan and 45.4% in Niger, ranking 19/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Niger
1x
Year Deficit/surplus, % of GDP
Bhutan Niger
2025 -2.7% -3.28%
2024 -1.79% -4.27%
2023 -4.73% -5.37%
2022 -6.95% -6.77%
2021 -5.76% -6.1%
2020 -1.81% -4.82%
2019 -1.49% -3.56%
2018 -1.52% -3.01%
2017 -4.49% -4.12%
2016 -2.31% -4.46%
2015 -0.49% -6.75%
2014 2.46% -6.12%
2013 -4.55% -1.93%
2012 -2.1% -0.83%
2011 -3.02% -2.19%
2010 1.92% -0.99%
2009 -0.8% -3.93%
2008 -2.57% 1.11%
2007 0.79% -0.75%
2006 -0.07% 31%
2005 -6.96% -1.53%
2004 1.8% -2.76%
2003 -10.2% -2.17%
2002 -4.33% -2.21%
2001 -12.2% -2.59%
2000 -3.39% -2.83%
1999 -1.28% -4.27%
1998 1.28% -2.23%
1997 -1.92% -2.39%
1996 2.55% -0.36%
1995 -0.88% -3.19%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1989, retrieved 2026-07-08).

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

In 2025, Bhutan's government deficit, the difference between spending and revenue, was $96.7M, equivalent to 2.7% of GDP. This compares to Niger's deficit of $711M, or 3.28% of GDP.

Over the past 31 years, Bhutan recorded a fiscal deficit in 25 of those years, while Niger ran a deficit in 29 years. On average, Bhutan posted an annual deficit equal to 2.5% of GDP, compared to deficit of 2.05% of GDP for Niger.

Inflation comparison by year

Inflation
Bhutan

Niger
1x
Year Consumer prices inflation
Bhutan Niger
2025 2.6% -4.45%
2024 4.3% 9.07%
2023 4.5% 3.7%
2022 5.9% 4.23%
2021 8.2% 3.84%
2020 3% 2.9%
2019 2.8% -2.49%
2018 3.6% 2.97%
2017 4.3% 2.8%
2016 3.3% 1.65%
2015 6.7% -0.58%
2014 9.6% -0.93%
2013 8.1% 2.3%
2012 10.1% 0.46%
2011 8.6% 2.94%
2010 4.8% 0.8%
2009 7.1% 0.58%
2008 6.3% 11.3%
2007 5.2% 0.05%
2006 4.9% 0.04%
2005 4.8% 7.8%
2004 3.3% 0.26%
2003 2.5% -1.61%
2002 2.9% 2.63%
2001 3.7% 4.01%
2000 7.2% 2.9%
1999 9.1% -2.3%
1998 7.6% 4.55%
1997 8.6% 2.93%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bhutan has recorded an average annual inflation rate of 5.64%, compared with 2.15% in Niger. In 2025, inflation was 2.6% in Bhutan and -4.45% in Niger.

Balance of trade

Bhutan Niger
Current account balance
-$649M
2024
-$1.2B
2024
Current account balance ranking
105/190
2024
123/190
2024
Current account balance, % of GDP
-19.4%
2024
-6.09%
2024
Goods imports
$1.28B
2024
$2B
2024
Goods exports
$660M
2024
$1.52B
2024
Service imports
$228M
2024
$1.03B
2024
Service exports
$288M
2024
$248M
2024
Imports of goods and services, % of GDP
47.9%
2024
18.1%
2025
Exports of goods and services, % of GDP
31.5%
2024
15.8%
2025

Economic freedom indices

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

Bhutan Niger
Economic freedom 57.5 51
Economic freedom ranking 115/197 156/197
Property rights 69.2 16.6
Government integrity 72.2 33.9
Judicial effectiveness 61.8 28
Tax burden 83.4 78.2
Government spending 74.1 91.4
Fiscal health 25.8 47.6
Business freedom 67.8 32.4
Labor freedom 60.1 54.7
Monetary freedom 71.6 67.9
Trade freedom 63.4 65.8
Investment freedom 20 55
Financial freedom 20 40

Economic freedom comparison by year

Bhutan
Niger
1x
Year Economic freedom index
Bhutan Niger
2026 57.5 51
2025 57.5 51.5
2024 55.4 52.3
2023 59 53.7
2022 59.3 54.9
2021 58.3 57.3
2020 62.1 54.7
2019 62.9 51.6
2018 61.8 49.5
2017 58.4 50.8
2016 59.5 54.3
2015 57.4 54.6
2014 56.7 55.1
2013 55 53.9
2012 56.6 54.3
2011 57.6 54.3
2010 57 52.9
2009 57.7 53.8
2008 - 52.9
2007 - 53.2
2006 - 52.5
2005 - 54.1
2004 - 54.6
2003 - 54.2
2002 - 48.2
2001 - 48.9
2000 - 45.9
1999 - 48.6
1998 - 47.5
1997 - 46.6
1996 - 45.8

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bhutan Niger
Services, % of GDP
53.2%
2025
31.1%
2025
Industry, % of GDP
33.2%
2025
18.7%
2025
Agriculture, forestry, and fishing, % of GDP
13.7%
2025
47.6%
2025
GNI, Atlas method
$3.43B
2025
$20.9B
2025
GNI per capita, PPP
$18,520
2025
$2,150
2025
Total reserves including gold
$1.19B
2025
n/a
Total reserves ranking
140/177
2025
n/a
Net foreign direct investment
-$2.82M
2024
-$337M
2024
Net inflows of foreign direct investment
$2.82M
2024
$358M
2024
Net outflows of foreign direct investment
$0
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
5.11%
2024
1.96%
2024
Poverty at national poverty lines
12.4%
2022
41.2%
2021
Gross capital formation, % of GDP
42.6%
2024
22%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1987–1992, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.