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Economy of Bhutan vs Venezuela compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $120B for Venezuela, ranking 170/197 and 65/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $197B (164.3% of GDP) in Venezuela.

Bhutan vs Venezuela GDP by year

Bhutan
Venezuela
1x
Year GDP, current $
Bhutan Venezuela
2024 - $119,802,963,258
2023 $3,012,896,789 $102,376,526,556
2022 $2,898,227,744 $89,013,255,585
2021 $2,768,802,960 $56,614,976,855
2020 $2,457,604,334 $42,838,020,721
2019 $2,735,683,570 $73,014,084,091
2018 $2,583,335,722 $102,021,093,965
2017 $2,591,358,009 $115,883,275,163
2016 $2,357,504,761 $112,915,034,262
2015 $2,187,815,803 $125,449,241,571
2014 $2,089,079,571 $214,689,614,733
2013 $1,943,696,952 $258,930,655,486
2012 $1,973,387,228 $372,592,062,768
2011 $1,977,728,659 $316,482,190,800
2010 $1,708,880,730 $393,192,354,511
2009 $1,331,343,798 $329,787,628,928
2008 $1,317,517,835 $315,953,388,511
2007 $1,255,767,964 $230,364,012,576
2006 $942,879,879 $183,477,522,124
2005 $860,391,000 $145,513,489,652
2004 $735,348,490 $112,451,400,425
2003 $651,935,430 $83,620,628,582
2002 $559,345,264 $92,893,587,734
2001 $496,110,226 $122,911,036,747
2000 $460,733,418 $117,146,466,003
1999 $399,311,200 $97,972,842,462
1998 $363,458,381 $91,336,763,255
1997 $352,229,077 $85,837,678,560
1996 $303,408,346 $70,543,211,119
1995 $290,490,984 $77,389,487,770
1994 $258,954,708 $58,418,666,667
1993 $225,973,693 $60,037,460,783
1992 $240,233,531 $60,416,519,620
1991 $240,294,286 $53,453,444,787
1990 $287,765,007 $48,606,952,195
1989 $264,798,626 $43,536,709,104
1988 $272,298,067 $60,226,413,793
1987 $242,742,766 $48,029,034,483
1986 $191,218,115 $60,516,123,711
1985 $163,288,815 $61,965,466,667
1984 $160,423,494 $59,867,743,468
1983 $156,704,290 $67,556,279,070
1982 $141,439,317 $67,736,744,186
1981 $139,174,178 $66,327,441,860
1980 $128,669,201 $59,116,511,628
1979 $105,377,995 $48,310,930,233
1978 $94,086,228 $39,316,279,070
1977 $97,884,434 $36,210,697,674
1976 $88,461,263 $31,419,534,884
1975 $86,820,762 $27,464,651,163
1974 $92,901,784 $26,100,930,233
1973 $78,900,289 $17,035,581,395
1972 $70,139,867 $13,977,727,273
1971 $66,289,450 $12,986,590,909
1970 $61,812,113 $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bhutan vs Venezuela by year

Bhutan
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $4,218 -
2023 $3,831 $16,215 $3,617 -
2022 $3,711 $15,064 $3,155 -
2021 $3,571 $13,459 $2,005 -
2020 $3,192 $12,475 $1,506 -
2019 $3,577 $12,909 $2,523 -
2018 $3,400 $11,970 $3,423 -
2017 $3,435 $11,677 $3,791 -
2016 $3,152 $11,273 $3,670 -
2015 $2,954 $10,214 $4,103 -
2014 $2,849 $9,323 $7,096 -
2013 $2,680 $8,667 $8,656 -
2012 $2,751 $8,577 $12,607 -
2011 $2,788 $7,935 $10,844 $21,241
2010 $2,436 $7,246 $13,646 $20,236
2009 $1,918 $6,466 $11,597 $20,562
2008 $1,920 $6,035 $11,262 $21,402
2007 $1,850 $5,729 $8,332 $20,236
2006 $1,406 $4,860 $6,739 $18,399
2005 $1,300 $4,523 $5,432 $16,511
2004 $1,130 $4,173 $4,269 $14,757
2003 $1,022 $3,942 $3,230 $12,359
2002 $896 $3,663 $3,652 $13,375
2001 $812 $3,338 $4,920 $14,714
2000 $772 $3,113 $4,776 $14,174
1999 $685 $3,017 $4,071 $13,623
1998 $638 $2,819 $3,870 $14,568
1997 $630 $2,683 $3,711 $14,655
1996 $553 $2,548 $3,113 $13,824
1995 $530 $2,374 $3,487 $13,890
1994 $467 $2,146 $2,689 $13,370
1993 $407 $2,001 $2,825 $13,702
1992 $416 $1,840 $2,907 $13,652
1991 $401 $1,657 $2,633 $12,880
1990 $488 $1,638 $2,452 $11,628
1989 $462 - $2,250 -
1988 $489 - $3,191 -
1987 $449 - $2,611 -
1986 $365 - $3,376 -
1985 $321 - $3,549 -
1984 $326 - $3,520 -
1983 $328 - $4,079 -
1982 $306 - $4,202 -
1981 $311 - $4,228 -
1980 $296.9 - $3,874 -
1979 $251.4 - $3,257 -
1978 $232.2 - $2,727 -
1977 $249.9 - $2,585 -
1976 $233.7 - $2,309 -
1975 $237.4 - $2,078 -
1974 $262.8 - $2,034 -
1973 $230.9 - $1,367 -
1972 $212.4 - $1,155 -
1971 $207.7 - $1,106 -
1970 $200.3 - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $4,218 in Venezuela, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Venezuela ranks 93rd at $21,241.

Economic indicators

Bhutan Venezuela
Gross domestic product
$3.01B
2023
$120B
2024
GDP rank
170/197
2023
65/197
2024
GDP growth
4.63%
2022-2023
5.3%
2023-2024
GDP per capita
$3,831
2023
$4,218
2024
GDP per capita rank
132/197
2023
128/197
2024
GDP per capita, PPP
$16,215
2023
$21,241
2011
GDP per capita PPP rank
109/197
2023
93/197
2011
Government debt
$3.53B
2023
$197B
2024
Debt-to-GDP ratio
110.4%
2024
164.3%
2024
Government debt per person
$4,485
2023
$6,931
2024
Government debt per person rank
87/185
2023
69/185
2024
Average annual personal income after taxes
$5,506
2026
$3,792
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2025
Income share by richest 10%
22.7%
2022
33.2%
2006
Income share by poorest 10%
3.6%
2022
1.2%
2006
Government expenditure, % of GDP
27.1%
2024
17.6%
2024
Consumer prices inflation
4.3%
2023-2024
49%
2023-2024
Central bank interest rate n/a
58.4%
2025
Unemployment rate
3.28%
2024
7.53%
2020
Population
803385
28661242

Spending and national debt comparison by year

Bhutan
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Bhutan Venezuela
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 17.6% 164.3%
2023 28.8% 117.1% 13.1% 138.5%
2022 32.1% 119.9% 15.1% 164.4%
2021 36.6% 124.5% 13.1% 254.2%
2020 30.9% 116% 11.2% 337%
2019 24.2% 100.8% 21% 206%
2018 31.7% 103.4% 37.9% 175.3%
2017 30.6% 104.1% 21.8% 133.6%
2016 30.5% 103% 19.7% 138.4%
2015 27.5% 90.2% 22.9% 129.8%
2014 28.9% 89.8% 31.6% 84.9%
2013 32.5% 87.4% 36.5% 85.4%
2012 35.1% 71.5% 38% 58.4%
2011 36.1% 62.3% 39.4% 52.5%
2010 41.5% 55.8% 31.1% 37.7%
2009 39.3% 61% 33.3% 27.6%
2008 36.1% 60.6% 34.9% 20.3%
2007 33.2% 67.3% 35.9% 26.4%
2006 33.4% 80.1% 39.3% 25.7%
2005 36.4% 80.8% 33.5% 34.9%
2004 31% 76% 31.9% 41.8%
2003 34.7% 68.5% 32.2% 56%
2002 39.3% 57.7% 31% 48.2%
2001 50.3% 52.4% 31.9% 30.7%
2000 43% 44% 28.3% 27.7%
1999 40.2% 39.2% 26.1% 29.6%
1998 31.1% 36.4% 28.8% 30.7%
1997 37.8% 33% 31% 34.8%
1996 37.9% 36.8% 27.7% 45.9%
1995 38.6% 38.7% 32.9% 45.9%
1994 37.9% 53.2% 42.2% 63.9%
1993 35.2% 60.2% 27.7% 57.7%
1992 34.5% 35.6% 30.6% 54.8%
1991 30.8% 33.5% 33.9% 62.2%
1990 35.8% 27.4% 31.9% 63.3%
1989 46.8% 26.4% 32.5% 61.8%
1988 45.3% 24.7% 33.2% 46.3%
1987 47.5% 17.3% 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while Venezuela spent $21.1B, or 17.6% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 164.3% in Venezuela, ranking 17/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Venezuela
1x
Year Deficit/surplus, % of GDP
Bhutan Venezuela
2024 -0.17% -3.6%
2023 -4.73% -1.25%
2022 -6.95% -5.29%
2021 -5.76% -5.85%
2020 -1.81% -6.63%
2019 -1.49% -10.9%
2018 -1.52% -31%
2017 -4.49% -13.3%
2016 -2.31% -8.46%
2015 -0.49% -8.06%
2014 2.46% -9.81%
2013 -4.55% -10.4%
2012 -2.1% -9.86%
2011 -3.02% -8.24%
2010 1.92% -4.74%
2009 -0.8% -8.69%
2008 -2.57% -3.46%
2007 0.79% -2.82%
2006 -0.07% -1.6%
2005 -6.96% 4.09%
2004 1.8% 2.47%
2003 -10.2% 0.17%
2002 -4.33% -1.48%
2001 -12.2% -4.59%
2000 -3.39% 4.45%
1999 -1.28% 0.74%
1998 1.28% -4.49%
1997 -1.92% 2.58%
1996 2.55% 7.94%
1995 -0.88% -5.86%
1994 -0.13% -11.2%
1993 4.71% -2.92%
1992 -3.47% -6.37%
1991 -0.48% -2.28%
1990 -7.21% 3.84%
1989 -10.1% -0.91%
1988 1.33% -9.24%
1987 -0.56% -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bhutan/venezuela | 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 Venezuela's deficit of $1.28B, or 1.25% of GDP.

Over the past 37 years, Bhutan recorded a fiscal deficit in 29 of those years, while Venezuela ran a deficit in 29 years. On average, Bhutan posted an annual deficit equal to 2.4% of GDP, compared to deficit of 4.89% of GDP for Venezuela.

Inflation comparison by year

Inflation
Bhutan

Venezuela
1x
Year Consumer prices inflation
Bhutan Venezuela
2024 4.3% 49%
2023 4.5% 338%
2022 5.9% 186.5%
2021 8.2% 1,589%
2020 3% 2,355%
2019 2.8% 19,906%
2018 3.6% 65,374%
2017 4.3% 438%
2016 3.3% 254.9%
2015 6.7% 121.7%
2014 9.6% 62.2%
2013 8.1% 40.6%
2012 10.1% 21.1%
2011 8.6% 26.1%
2010 4.8% 28.2%
2009 7.1% 26%
2008 6.3% 31.4%
2007 5.2% 18.7%
2006 4.9% 13.7%
2005 4.8% 16%
2004 3.3% 21.7%
2003 2.5% 31.1%
2002 2.9% 22.4%
2001 3.7% 12.5%
2000 7.2% 16.2%
1999 9.1% 23.6%
1998 7.6% 35.8%
1997 8.6% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 3,254% in Venezuela. In 2024, inflation was 4.3% in Bhutan and 49% in Venezuela.

Balance of trade

Bhutan Venezuela
Current account balance
-$670M
2024
-$3.87B
2016
Current account balance ranking
114/190
2024
161/190
2016
Current account balance, % of GDP
-32%
2023
-3.43%
2016
Goods imports
$1.29B
2024
$16.3B
2016
Goods exports
$656M
2024
$27.4B
2016
Service imports
$228M
2024
$9.47B
2016
Service exports
$288M
2024
$1.28B
2016
Imports of goods and services, % of GDP
53.3%
2023
9.22%
2024
Exports of goods and services, % of GDP
28.4%
2023
16.9%
2024

Economic freedom indices

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

Bhutan Venezuela
Economic freedom 57.5 27.3
Economic freedom ranking 115/197 194/197
Property rights 69.2 0
Government integrity 72.2 6.9
Judicial effectiveness 61.8 5.1
Tax burden 83.4 73.4
Government spending 74.1 93
Fiscal health 25.8 29.1
Business freedom 67.8 31.1
Labor freedom 60.1 35.5
Monetary freedom 71.6 0
Trade freedom 63.4 43.2
Investment freedom 20 0
Financial freedom 20 10

Economic freedom comparison by year

Bhutan
Venezuela
1x
Year Economic freedom index
Bhutan Venezuela
2026 57.5 27.3
2025 57.5 27.6
2024 55.4 28.1
2023 59 25.8
2022 59.3 24.8
2021 58.3 24.7
2020 62.1 25.2
2019 62.9 25.9
2018 61.8 25.2
2017 58.4 27
2016 59.5 33.7
2015 57.4 34.3
2014 56.7 36.3
2013 55 36.1
2012 56.6 38.1
2011 57.6 37.6
2010 57 37.1
2009 57.7 39.9
2008 - 44.7
2007 - 47.9
2006 - 44.6
2005 - 45.2
2004 - 46.7
2003 - 54.8
2002 - 54.7
2001 - 54.6
2000 - 57.4
1999 - 56.1
1998 - 54
1997 - 52.8
1996 - 54.5
1995 - 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bhutan Venezuela
Services, % of GDP
52.8%
2023
51.7%
2014
Industry, % of GDP
29.4%
2023
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
15%
2023
5.03%
2014
GNI, Atlas method
$2.93B
2023
$109B
2024
GNI per capita, PPP
$15,320
2023
$20,800
2011
Total reserves including gold
$941M
2024
$9.79B
2017
Total reserves ranking
143/177
2024
77/177
2017
Net foreign direct investment
-$22.8M
2024
-$27M
2016
Net inflows of foreign direct investment
$2.82M
2024
$1.63B
2024
Net outflows of foreign direct investment
$0
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
n/a
Poverty at national poverty lines
12.4%
2022
33.1%
2015
Gross capital formation, % of GDP
45.3%
2023
4.9%
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/venezuela | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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.