Trade openness — all countries

Trade openness — Bhutan

Trade openness in Bhutan in 2024 — 79.36%. Ranked 91 in the world out of 172. Since 1980, the indicator has risen by 25.25 pp.

2024 79.36% −2.37 pp vs 2023
World rank 91of 172
Period maximum 108.16%2006
Period minimum 54.11%1980

Trend over time

1980–2024 · % of GDP

Trade openness — Bhutan, 1980–202440608010012019801985199019952000200520102015202020241980: 54.11%1981: 66.78%1982: 64.68%1983: 61.12%1984: 61.25%1985: 69.75%1986: 73.77%1987: 64.28%1988: 80.48%1989: 68.81%1990: 61.22%1991: 75.97%1992: 91.76%1993: 78.76%1994: 72.1%1995: 83.88%1996: 84.63%1997: 85.21%1998: 85.58%1999: 85.87%2000: 74.03%2001: 71.09%2002: 70.28%2003: 72.85%2004: 89.06%2005: 97.74%2006: 108.16%2007: 106.93%2008: 101.95%2009: 101.56%2010: 105.01%2011: 102.8%2012: 94.05%2013: 95.05%2014: 87.93%2015: 89.64%2016: 76.38%2017: 76.79%2018: 79.74%2019: 76.12%2020: 71.83%2021: 77.58%2022: 85.57%2023: 81.74%2024: 79.36%
Change over the period: +25.25 pp Annual average: 0.57 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Bhutan

Bhutan 79.36%
World 56.72%
South Asia 44.39%
Southern Asia computed 43.7%
Trade openness — Bhutan, by year Bhutan All countries CSV XLSX
Year % Change, pp
2024 79.36 −2.37 pp
2023 81.74 −3.83 pp
2022 85.57 +7.99 pp
2021 77.58 +5.75 pp
2020 71.83 −4.29 pp
2019 76.12 −3.62 pp
2018 79.74 +2.95 pp
2017 76.79 +0.4 pp
2016 76.38 −13.25 pp
2015 89.64 +1.7 pp
2014 87.93 −7.12 pp
2013 95.05 +1.01 pp
2012 94.05 −8.75 pp
2011 102.8 −2.22 pp
2010 105.01 +3.45 pp
2009 101.56 −0.39 pp
2008 101.95 −4.97 pp
2007 106.93 −1.23 pp
2006 108.16 +10.41 pp
2005 97.74 +8.68 pp
2004 89.06 +16.21 pp
2003 72.85 +2.57 pp
2002 70.28 −0.81 pp
2001 71.09 −2.93 pp
2000 74.03 −11.84 pp
1999 85.87 +0.28 pp
1998 85.58 +0.37 pp
1997 85.21 +0.58 pp
1996 84.63 +0.75 pp
1995 83.88 +11.78 pp
1994 72.1 −6.66 pp
1993 78.76 −13 pp
1992 91.76 +15.79 pp
1991 75.97 +14.76 pp
1990 61.22 −7.6 pp
1989 68.81 −11.67 pp
1988 80.48 +16.2 pp
1987 64.28 −9.49 pp
1986 73.77 +4.01 pp
1985 69.75 +8.51 pp
1984 61.25 +0.13 pp
1983 61.12 −3.56 pp
1982 64.68 −2.1 pp
1981 66.78 +12.67 pp
1980 54.11

About the indicator

The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.

Source: World Development Indicators (World Bank), license CC BY 4.0.