Unemployment Rate: Bhutan
Bhutan's unemployment rate is currently 3.5% as of 2023. # Bhutan Unemployment Rate Bhutan's unemployment rate stood at 3.
Current (2023)
3.5%
-40.7% y/y
Peak (2022)
5.9%
Low (2003)
1.8%
Source
IMF World Economic Outlook
2003–2023 · 21 pts
Unemployment Rate — Bhutan
2003 — 2023
Unemployment Rate — Bhutan
Analysis# Bhutan Unemployment Rate
Bhutan's unemployment rate stood at 3.5% in 2023, representing a significant recovery from its all-time peak of 5.9% in 2022. The current figure remains well above the historical low of 1.8% recorded in 2003, reflecting a 94.4% increase over the two-decade span. Despite this overall upward trajectory, the recent decline suggests stabilization after a turbulent period.
The most striking trend emerged during 2020–2022, when unemployment surged from 2.7% to 5.9%—likely driven by pandemic-related disruptions. The sharp drop to 3.5% in 2023 indicates recovery momentum, though the rate has not returned to pre-2020 levels. Sustained focus on job creation and economic diversification will be essential for Bhutan to approach its historical performance metrics.
Historical Data
21 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 3.5% | -40.68% |
| 2022 | 5.9% | +22.92% |
| 2021 | 4.8% | -4.00% |
| 2020 | 5.0% | +85.19% |
| 2019 | 2.7% | -20.59% |
| 2018 | 3.4% | +9.68% |
| 2017 | 3.1% | +47.62% |
| 2016 | 2.1% | -16.00% |
| 2015 | 2.5% | -3.85% |
| 2014 | 2.6% | -10.34% |
| 2013 | 2.9% | +38.10% |
| 2012 | 2.1% | -32.26% |
| 2011 | 3.1% | -6.06% |
| 2010 | 3.3% | -17.50% |
| 2009 | 4.0% | +2.56% |
| 2008 | 3.9% | +5.41% |
| 2007 | 3.7% | +15.63% |
| 2006 | 3.2% | +3.23% |
| 2005 | 3.1% | +24.00% |
| 2004 | 2.5% | +38.89% |
Show all 21 rows
| Year | Value | Change % |
|---|---|---|
| 2003 | 1.8% | — |
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