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Bhutan

Bhutanese Ngultrum (BTN)

40
Moderate
Risk
#51
of 171
Riskier
than 71% of currencies
37
global avg score
$873
$1,000 in 5 years
Impact on Citizens

Citizens need modest returns of 4.3% per year to keep up. Inflation is low — a basic savings account or index fund is enough to stay ahead.See savings calculator ↓

Economic Indicators

Inflation Rate
2.8%
Debt to GDP
111.0%
GDP Growth
4.6%
Broad Money / GDP
83.3%

Banking & Stability

NPL Ratio
3.0%
Reserve Months
6.6
Current Account
-19.4%
FX Volatility
32.8

Governance & Markets

Rule of Law
Not available
Black Market Premium
Not available
Capital Controls
24.0
Peg Fragility
23.5

Currency Structure

Global Currency Role
70.0
FX Regime
hard peg
Data Coverage
83.0%

Savings Impact Calculator

BTN
Holding cash in BTN2.8% inflation
BTN 873−BTN 127 (13% purchasing power lost)
Your BTN 1,000 buys 13% less in 5 years
What if you invested BTN 1,000 instead? (5yr, in BTN terms)
Hold USD Cash
BTN 859
BTN 141
-3.0%/yr net in BTN
S&P 500
BTN 1611
+BTN 611
range: BTN 734BTN 3176
10% USD return + 0.0% FX · ±16% vol
Gold
BTN 1469
+BTN 469
range: BTN 418BTN 4007
8% USD return + 0.0% FX · ±24% vol
Bitcoin
BTN 3052
+BTN 2052
range: BTN 180BTN 18.4k
25% USD return + 0.0% FX · ±54% vol

All values in BTN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~0.0%/yr based on the inflation differential between Bhutan (2.8%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-05-21