Bhutan — Inflation
Inflation, Consumer Prices (Annual %) for Bhutan, 1981–2025.
Inflation for Bhutan was 3.56% in 2025, according to the latest World Bank data. The series covers 45 years, from 1981 to 2025. The highest recorded value was 18.06% in 1983. The lowest was 1.88% in 1985 (about 1.9× the low point). Across that span the compound annual growth rate works out to -2.32% per year.
Bhutan ranks 79 of 187 economies on this measure (1 = highest), putting it in the top 42%. The median for South Asia is 3.56%, so Bhutan sits level with it. It peaked in 1983 and has fallen 80% since. Over the last decade (2015–2025) the figure moved down 22%. Within South Asia it ranks 3 of 6 economies; Nepal (2.65%) is just below it. Its sharpest one-year move was up 429% in 1986. That is 17% below this series' own ten-year average.
Data highlights
World ranking. Climbed: 83rd of 114 in 1981 → 56th of 131 in 1990 → 70th of 163 in 2000 → 36th of 186 in 2010 → 32nd of 178 in 2020 → 69th of 169 in 2025.
Key figures
Full history — 1981 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.56% | +0.8 pp |
| 2024 | 2.76% | -1.5 pp |
| 2023 | 4.23% | -1.4 pp |
| 2022 | 5.64% | -1.7 pp |
| 2021 | 7.35% | +1.7 pp |
| 2020 | 5.63% | +2.9 pp |
| 2019 | 2.73% | +0.0 pp |
| 2018 | 2.72% | -2.2 pp |
| 2017 | 4.96% | +1.7 pp |
| 2016 | 3.22% | -1.3 pp |
| 2015 | 4.55% | -3.7 pp |
| 2014 | 8.27% | -0.5 pp |
| 2013 | 8.78% | -2.1 pp |
| 2012 | 10.92% | +2.1 pp |
| 2011 | 8.85% | +1.8 pp |
| 2010 | 7.04% | +2.7 pp |
| 2009 | 4.36% | -4.0 pp |
| 2008 | 8.33% | +3.2 pp |
| 2007 | 5.16% | +0.2 pp |
| 2006 | 5% | -0.3 pp |
| 2005 | 5.31% | +1.2 pp |
| 2004 | 4.11% | +1.5 pp |
| 2003 | 2.57% | +0.1 pp |
| 2002 | 2.46% | -1.0 pp |
| 2001 | 3.41% | -0.6 pp |
| 2000 | 4.01% | -2.8 pp |
| 1999 | 6.78% | -3.8 pp |
| 1998 | 10.59% | +4.1 pp |
| 1997 | 6.51% | -2.3 pp |
| 1996 | 8.79% | -0.7 pp |
| 1995 | 9.49% | +2.5 pp |
| 1994 | 7.01% | -4.2 pp |
| 1993 | 11.2% | -4.8 pp |
| 1992 | 15.98% | +3.7 pp |
| 1991 | 12.28% | +2.3 pp |
| 1990 | 10.01% | +1.2 pp |
| 1989 | 8.78% | -1.3 pp |
| 1988 | 10.1% | +3.8 pp |
| 1987 | 6.33% | -3.6 pp |
| 1986 | 9.96% | +8.1 pp |
| 1985 | 1.88% | -5.2 pp |
| 1984 | 7.04% | -11.0 pp |
| 1983 | 18.06% | +8.2 pp |
| 1982 | 9.85% | -0.1 pp |
| 1981 | 9.97% | — |
Frequently asked questions
What was Bhutan’s Inflation in 1982?
9.85% (1982). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Bhutan’s Inflation growing or shrinking?
Between 1981 and 2025 the series was shrinking overall: -64.4% in total — about 2.3% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.56%; 2024: 2.76%; 2023: 4.23%; 2022: 5.64%; 2021: 7.35%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.