Bhutan vs Estonia: Liquid liabilities to GDP

Bhutan
100.9%
in 2020
Estonia
96.0%
in 2021
Bhutan rank
45th
Estonia rank
48th

Liquid liabilities to GDP over time

  • Bhutan
  • Estonia
20406080100198320022021

How they compare

Bhutan currently reports 100.9% against 96.0% in Estonia, a difference of 4.9%.

That makes Bhutan's figure about 1.1 times Estonia's.

The two have swapped places 2 times across 17 shared years of data; in 2004 it was Bhutan ahead.

Bhutan ranks 45th and Estonia ranks 48th of 186 countries.

Across the 3 decades both report, Bhutan averaged higher in 2 and Estonia in 1.

Head to head by decade

Decade Bhutan Estonia Difference Ahead
2000s 58.2% 47.9% 10.3% Bhutan
2010s 66.7% 69.9% 3.2% Estonia
2020s 100.9% 92.7% 8.2% Bhutan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher liquid liabilities to gdp, Bhutan or Estonia?
Bhutan, at 100.9% against 96.0% in Estonia as of 2020.
What is the difference in liquid liabilities to gdp between Bhutan and Estonia?
4.9%, with Bhutan ahead.
How many years of comparable data are there for Bhutan and Estonia?
17 years are reported by both, from 2004 to 2020.
How do Bhutan and Estonia rank globally for liquid liabilities to gdp?
Bhutan ranks 45th and Estonia ranks 48th of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Liquid liabilities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Bhutan vs Estonia: Liquid liabilities to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 26 August 2026, from https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/bhutan/estonia/

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About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,545 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.