Broad money growth (annual %) in Bhutan
Bhutan: Broad money growth (annual %) was 11.5% in 2024. ◆ Volatile
Broad money growth in Bhutan, 1984–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2024, broad money growth in Bhutan stood at 11.5%.
Compared with earlier readings it is up 92.0% on the previous year and down 55.6% over ten years.
Over the whole period, broad money growth in Bhutan peaked at 58.9% in 1997 and was at its lowest, 3.2%, in 2021.
Bhutan ranks 70th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Bhutan, year by year
| Year | annual % | Change |
|---|---|---|
| 1984 | 13.1% | — |
| 1985 | 26.4% | +102.3% |
| 1986 | 7.5% | -71.8% |
| 1987 | 10.8% | +45.0% |
| 1988 | 31.0% | +186.6% |
| 1989 | 34.9% | +12.7% |
| 1990 | 10.5% | -70.0% |
| 1991 | 29.6% | +182.3% |
| 1992 | 13.5% | -54.3% |
| 1993 | 22.4% | +65.4% |
| 1994 | 23.3% | +4.3% |
| 1995 | 35.6% | +52.7% |
| 1996 | 9.0% | -74.9% |
| 1997 | 58.9% | +558.5% |
| 1998 | 13.9% | -76.3% |
| 1999 | 32.0% | +129.8% |
| 2000 | 17.4% | -45.8% |
| 2001 | 7.9% | -54.8% |
| 2002 | 43.1% | +449.1% |
| 2003 | 5.1% | -88.2% |
| 2004 | 16.2% | +218.3% |
| 2005 | 13.0% | -19.7% |
| 2006 | 18.7% | +43.7% |
| 2007 | 11.8% | -36.9% |
| 2008 | 26.2% | +122.2% |
| 2009 | 25.8% | -1.2% |
| 2010 | 16.6% | -35.6% |
| 2011 | 4.4% | -73.6% |
| 2012 | 5.8% | +31.9% |
| 2013 | 3.7% | -35.3% |
| 2014 | 25.9% | +591.7% |
| 2015 | 3.9% | -85.0% |
| 2016 | 23.5% | +505.4% |
| 2017 | 17.3% | -26.4% |
| 2018 | 6.6% | -62.2% |
| 2019 | 12.4% | +89.7% |
| 2020 | 28.0% | +125.3% |
| 2021 | 3.2% | -88.6% |
| 2022 | 10.5% | +229.0% |
| 2023 | 6.0% | -43.1% |
| 2024 | 11.5% | +92.0% |
Bhutan compared with similar countries
- Bhutan's 11.5% is below the median for lower middle income countries, which is 12.4%, 93% of the median. (46 countries reporting)
- Bhutan's 11.5% is above the median for South Asia, which is 11.4%, 1.0× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 20.6% | 7.5% | 34.9% | 6 |
| 1990s | 24.9% | 9.0% | 58.9% | 10 |
| 2000s | 18.5% | 5.1% | 43.1% | 10 |
| 2010s | 12.0% | 3.7% | 25.9% | 10 |
| 2020s | 11.9% | 3.2% | 28.0% | 5 |
Countries ranked near Bhutan
More financial sector data for Bhutan
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.82 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.71 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.82 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is broad money growth in Bhutan?
- Broad money growth in Bhutan was 11.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Bhutan?
- The highest recorded value was 58.9% in 1997.
- What is the lowest broad money growth recorded in Bhutan?
- The lowest recorded value was 3.2% in 2021.
- How does Bhutan rank for broad money growth?
- Bhutan ranks 70th out of 167 countries with data for 2024.
- Is broad money growth rising or falling in Bhutan?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.