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Economy of Bhutan vs South Sudan compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $12B for South Sudan, ranking 170/197 and 149/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Bhutan vs South Sudan GDP by year

Bhutan
South Sudan
1x
Year GDP, current $
Bhutan South Sudan
2023 $3,012,896,789 -
2022 $2,898,227,744 -
2021 $2,768,802,960 -
2020 $2,457,604,334 -
2019 $2,735,683,570 -
2018 $2,583,335,722 -
2017 $2,591,358,009 -
2016 $2,357,504,761 -
2015 $2,187,815,803 $11,997,800,760
2014 $2,089,079,571 $13,962,212,847
2013 $1,943,696,952 $18,426,469,017
2012 $1,973,387,228 $11,931,472,169
2011 $1,977,728,659 $14,907,308,933
2010 $1,708,880,730 $14,602,072,411
2009 $1,331,343,798 $12,231,264,525
2008 $1,317,517,835 $14,586,253,383
2007 $1,255,767,964 -
2006 $942,879,879 -
2005 $860,391,000 -
2004 $735,348,490 -
2003 $651,935,430 -
2002 $559,345,264 -
2001 $496,110,226 -
2000 $460,733,418 -
1999 $399,311,200 -
1998 $363,458,381 -
1997 $352,229,077 -
1996 $303,408,346 -
1995 $290,490,984 -
1994 $258,954,708 -
1993 $225,973,693 -
1992 $240,233,531 -
1991 $240,294,286 -
1990 $287,765,007 -
1989 $264,798,626 -
1988 $272,298,067 -
1987 $242,742,766 -
1986 $191,218,115 -
1985 $163,288,815 -
1984 $160,423,494 -
1983 $156,704,290 -
1982 $141,439,317 -
1981 $139,174,178 -
1980 $128,669,201 -
1979 $105,377,995 -
1978 $94,086,228 -
1977 $97,884,434 -
1976 $88,461,263 -
1975 $86,820,762 -
1974 $92,901,784 -
1973 $78,900,289 -
1972 $70,139,867 -
1971 $66,289,450 -
1970 $61,812,113 -

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

GeoRank.org/economy/bhutan/south-sudan | CC BY

GDP per capita in Bhutan vs South Sudan by year

Bhutan
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2023 $3,831 $16,215 - -
2022 $3,711 $15,064 - -
2021 $3,571 $13,459 - -
2020 $3,192 $12,475 - -
2019 $3,577 $12,909 - -
2018 $3,400 $11,970 - -
2017 $3,435 $11,677 - -
2016 $3,152 $11,273 - -
2015 $2,954 $10,214 $1,080 $1,155
2014 $2,849 $9,323 $1,243 $1,373
2013 $2,680 $8,667 $1,650 $1,917
2012 $2,751 $8,577 $1,109 $1,417
2011 $2,788 $7,935 $1,449 $2,718
2010 $2,436 $7,246 $1,498 $2,948
2009 $1,918 $6,466 $1,323 $2,911
2008 $1,920 $6,035 $1,654 $2,887
2007 $1,850 $5,729 - -
2006 $1,406 $4,860 - -
2005 $1,300 $4,523 - -
2004 $1,130 $4,173 - -
2003 $1,022 $3,942 - -
2002 $896 $3,663 - -
2001 $812 $3,338 - -
2000 $772 $3,113 - -
1999 $685 $3,017 - -
1998 $638 $2,819 - -
1997 $630 $2,683 - -
1996 $553 $2,548 - -
1995 $530 $2,374 - -
1994 $467 $2,146 - -
1993 $407 $2,001 - -
1992 $416 $1,840 - -
1991 $401 $1,657 - -
1990 $488 $1,638 - -
1989 $462 - - -
1988 $489 - - -
1987 $449 - - -
1986 $365 - - -
1985 $321 - - -
1984 $326 - - -
1983 $328 - - -
1982 $306 - - -
1981 $311 - - -
1980 $296.9 - - -
1979 $251.4 - - -
1978 $232.2 - - -
1977 $249.9 - - -
1976 $233.7 - - -
1975 $237.4 - - -
1974 $262.8 - - -
1973 $230.9 - - -
1972 $212.4 - - -
1971 $207.7 - - -
1970 $200.3 - - -

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

GeoRank.org/economy/bhutan/south-sudan | CC BY

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while South Sudan ranks 197th at $1,155.

Economic indicators

Bhutan South Sudan
Gross domestic product
$3.01B
2023
$12B
2015
GDP rank
170/197
2023
149/197
2015
GDP growth
4.63%
2022-2023
-10.8%
2014-2015
GDP per capita
$3,831
2023
$1,080
2015
GDP per capita rank
132/197
2023
175/197
2015
GDP per capita, PPP
$16,215
2023
$1,155
2015
GDP per capita PPP rank
109/197
2023
197/197
2015
Government debt
$3.53B
2023
$7.04B
2015
Debt-to-GDP ratio
110.4%
2024
50.7%
2024
Government debt per person
$4,485
2023
$633
2015
Government debt per person rank
87/185
2023
158/185
2015
Average annual personal income after taxes
$5,506
2026
$1,305
2026
Income share by richest 10%
22.7%
2022
33%
2016
Income share by poorest 10%
3.6%
2022
1.8%
2016
Government expenditure, % of GDP
27.1%
2024
18.1%
2024
Consumer prices inflation
4.3%
2023-2024
91.4%
2023-2024
Central bank interest rate n/a
15%
2023
Unemployment rate
3.28%
2024
12.3%
2008
Population
803385
12507858

Spending and national debt comparison by year

Bhutan
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Bhutan South Sudan
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 18.1% 50.7%
2023 28.8% 117.1% 21.4% 51.9%
2022 32.1% 119.9% 29.4% 37.3%
2021 36.6% 124.5% 44.1% 50.2%
2020 30.9% 116% 34.1% 49%
2019 24.2% 100.8% 47.9% 43.1%
2018 31.7% 103.4% 54.5% 77.6%
2017 30.6% 104.1% 97% 178.3%
2016 30.5% 103% 66.5% 164.7%
2015 27.5% 90.2% 34% 58.6%
2014 28.9% 89.8% 35.8% 37.7%
2013 32.5% 87.4% 25.3% 17.6%
2012 35.1% 71.5% 31.6% 8.91%
2011 36.1% 62.3% 20.8% -
2010 41.5% 55.8% - -
2009 39.3% 61% - -
2008 36.1% 60.6% - -
2007 33.2% 67.3% - -
2006 33.4% 80.1% - -
2005 36.4% 80.8% - -
2004 31% 76% - -
2003 34.7% 68.5% - -
2002 39.3% 57.7% - -
2001 50.3% 52.4% - -
2000 43% 44% - -
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/south-sudan | CC BY

In 2023, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 50.7% in South Sudan, ranking 17/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

South Sudan
1x
Year Deficit/surplus, % of GDP
Bhutan South Sudan
2024 -0.17% 11.7%
2023 -4.73% 8.04%
2022 -6.95% 4.48%
2021 -5.76% -9.3%
2020 -1.81% -5.5%
2019 -1.49% 0.04%
2018 -1.52% -1.06%
2017 -4.49% 9.56%
2016 -2.31% -19.8%
2015 -0.49% -16.4%
2014 2.46% -9.07%
2013 -4.55% -3.45%
2012 -2.1% -14.8%
2011 -3.02% 4.57%
2010 1.92% -
2009 -0.8% -
2008 -2.57% -
2007 0.79% -
2006 -0.07% -
2005 -6.96% -
2004 1.8% -
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/south-sudan | CC BY

In 2015, Bhutan's government deficit, the difference between spending and revenue, was $10.7M, equivalent to 0.49% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Bhutan recorded a fiscal deficit in 4 of those years, while South Sudan ran a deficit in 4 years. On average, Bhutan posted an annual deficit equal to 1.54% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Bhutan

South Sudan
1x
Year Consumer prices inflation
Bhutan South Sudan
2024 4.3% 91.4%
2023 4.5% 2.38%
2022 5.9% -6.69%
2021 8.2% 10.5%
2020 3% 29.7%
2019 2.8% 87.2%
2018 3.6% 83.5%
2017 4.3% 187.9%
2016 3.3% 380%
2015 6.7% 52.8%
2014 9.6% 1.67%
2013 8.1% -0.06%
2012 10.1% 45.5%
2011 8.6% 46.9%
2010 4.8% 1.17%
2009 7.1% 5.01%
2008 6.3% -
2007 5.2% -
2006 4.9% -
2005 4.8% -
2004 3.3% -
2003 2.5% -
2002 2.9% -
2001 3.7% -
2000 7.2% -
1999 9.1% -
1998 7.6% -
1997 8.6% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2009–2024, retrieved 2026-04-06).

GeoRank.org/economy/bhutan/south-sudan | CC BY

Over the past 16 years, Bhutan has recorded an average annual inflation rate of 5.93%, compared with 63.7% in South Sudan. In 2024, inflation was 4.3% in Bhutan and 91.4% in South Sudan.

Balance of trade

Bhutan South Sudan
Current account balance
-$670M
2024
$578M
2023
Current account balance ranking
114/190
2024
60/190
2023
Current account balance, % of GDP
-32%
2023
-4.17%
2015
Goods imports
$1.29B
2024
$2.25B
2023
Goods exports
$656M
2024
$4.01B
2023
Service imports
$228M
2024
$2.19B
2023
Service exports
$288M
2024
$484M
2023
Imports of goods and services, % of GDP
53.3%
2023
28.9%
2015
Exports of goods and services, % of GDP
28.4%
2023
36.7%
2015

Economic freedom indices

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

Bhutan South Sudan
Economic freedom 57.5 41
Economic freedom ranking 115/197 186/197
Property rights 69.2 n/a
Government integrity 72.2 n/a
Judicial effectiveness 61.8 n/a
Tax burden 83.4 n/a
Government spending 74.1 n/a
Fiscal health 25.8 n/a
Business freedom 67.8 n/a
Labor freedom 60.1 n/a
Monetary freedom 71.6 n/a
Trade freedom 63.4 n/a
Investment freedom 20 n/a
Financial freedom 20 n/a

Other economic metrics

Bhutan South Sudan
Services, % of GDP
52.8%
2023
56.6%
2015
Industry, % of GDP
29.4%
2023
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
15%
2023
10.4%
2015
GNI, Atlas method
$2.93B
2023
$11.7B
2015
GNI per capita, PPP
$15,320
2023
$1,010
2015
Total reserves including gold
$941M
2024
$72.9M
2023
Total reserves ranking
143/177
2024
175/177
2023
Net foreign direct investment
-$22.8M
2024
$2.21M
2019
Net inflows of foreign direct investment
$2.82M
2024
$83.4M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
n/a
Poverty at national poverty lines
12.4%
2022
66%
2020
Gross capital formation, % of GDP
45.3%
2023
5.75%
2015

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/south-sudan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1987–1992, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.