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    Bhutan Economy - 1989

      Overview: The economy is based on agriculture and forestry that provide the main livelihood for 90% of the population and account for about 50% of GDP. One of the world's least developed countries, rugged mountains dominate and make the building of roads and other infrastructure difficult and expensive. Bhutan's hydropower potential and its attraction for tourists are its most important natural resources.

      GDP: $252 million, per capita $170; real growth rate 14% (FY87)

      Inflation rate (consumer prices): 6.8% (1987)

      Unemployment: NA

      Budget: revenues $105 million; expenditures $110 million, including capital expenditures of $67 million (FY88)

      Exports: $60.8 million (f.o.b., FY88); @m5commodities--cardamon, gypsum, timber, handicrafts, cement, fruit; @m5partners--India 99%

      Imports: $105.1 million (c.i.f., FY88); @m5commodities--fuel and lubricants, grain, machinery and parts, vehicles, fabrics; @m5partners--India 75%

      External debt: $39.3 million (March 1988)

      Industrial production: growth rate - 6.0% (1986)

      Electricity: 353,000 kW capacity; 2,000 million kWh produced, 1,300 kWh per capita (1988)

      Industries: cement, chemical products, mining, distilling, food processing, handicrafts

      Agriculture: accounts for 50% of GDP; based on subsistence farming and animal husbandry; produces rice, corn, root crops, citrus fruit, dairy, and eggs; self-sufficient in food except for foodgrains

      Aid: NA

      Currency: ngultrum (plural--ngultrum); 1 ngultrum (Nu) = 100 chetrum

      Exchange rates: ngultrum (Nu) per US$1-- 13.100 ngultrums (January 1988), 13.134 (1987), 12.611 (1986), 12.367 (1985)

      Fiscal year: 1 April-31 March

      NOTE: The information regarding Bhutan on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bhutan Economy 1989 information contained here. All suggestions for corrections of any errors about Bhutan Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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