| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Bhutan Economy 2011
https://theodora.com/wfb2011/bhutan/bhutan_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 13, 2011

Economy - overview:
The economy, one of the world's smallest and least developed, is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive. The economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Model education, social, and environment programs are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. For example, the government, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Complicated controls and uncertain policies in areas such as industrial licensing, trade, labor, and finance continue to hamper foreign investment. Hydropower exports to India have boosted Bhutan's overall growth. New hydropower projects will be the driving force behind Bhutan's ability to create employment and sustain growth in the coming years.

GDP (purchasing power parity):
$3.526 billion (2010 est.)
country comparison to the world: 170

$3.301 billion (2009 est.)
$3.123 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$1.397 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.8% (2010 est.)
country comparison to the world: 26

5.7% (2009 est.)
2.7% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,000 (2010 est.)
country comparison to the world: 145

$4,800 (2009 est.)
$4,600 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 17.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 45%
[see also: GDP - composition by sector - industry country ranks ]
services: 37.4% (2006)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
299,900
country comparison to the world: 164
note: major shortage of skilled labor (2008)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 63%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 6%
[see also: Labor force - by occupation - industry country ranks ]
services: 31% (2004 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
4% (2009)
country comparison to the world: 36

2.5% (2004)
[see also: Unemployment rate country ranks ]

Population below poverty line:
23.2% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 37.6%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $302 million
[see also: Budget - revenues country ranks ]
expenditures: $588 million
[see also: Budget - expenditures country ranks ]
note: the government of India finances nearly three-fifths of Bhutan's budget expenditures (FY09/10)

Public debt:
57.8% of GDP (2009)
country comparison to the world: 40

81.4% of GDP (2004)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.3% (2008 est.)
country comparison to the world: 127

4.9% (2007 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA%
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$335 million (31 December 2008)

$381.1 million (31 December 2007)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$NA (31 December 2009)

$647.6 million (31 December 2008)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$NA (31 December 2008)

$169.9 million (31 December 2007 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
rice, corn, root crops, citrus, foodgrains; dairy products, eggs

Industries:
cement, wood products, processed fruits, alcoholic beverages, calcium carbide, tourism

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
1.48 billion kWh (2009 est.)
country comparison to the world: 140
[see also: Electricity - production country ranks ]

Electricity - consumption:
184 million kWh (2009 est.)
country comparison to the world: 179
[see also: Electricity - consumption country ranks ]

Electricity - exports:
1.296 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 118
[see also: Oil - production country ranks ]

Oil - consumption:
1,000 bbl/day (2009 est.)
country comparison to the world: 191
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2008 est.)
country comparison to the world: 141
[see also: Oil - exports country ranks ]

Oil - imports:
1,250 bbl/day (2008 est.)
country comparison to the world: 184
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 200
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 203
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 205
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 53
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 80
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 201
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$164 million (2008 est.)
country comparison to the world: 55

$116 million (2007 est.)
[see also: Current account balance country ranks ]

Exports:
$513 million (2008)
country comparison to the world: 167

$350 million (2006)
[see also: Exports country ranks ]

Exports - commodities:
electricity (to India), ferrosilicon, cement, calcium carbide, copper wire, manganese, vegetable oil

Exports - partners:
India 86.3%, Bangladesh 8.1%, Italy 1.5% (2008)

Imports:
$533 million (2008)
country comparison to the world: 188

$320 million (2006)
[see also: Imports country ranks ]

Imports - commodities:
fuel and lubricants, passenger cars, machinery and parts, fabrics, rice (2008)

Imports - partners:
India 63%, Japan 12.3%, China 5.1% (2008)

Debt - external:
$836 million (2009)
country comparison to the world: 153

$713.3 million (2006)
[see also: Debt - external country ranks ]

Exchange rates:
ngultrum (BTN) per US dollar - 46.6 (2009), 41.487 (2007), 45.279 (2006), 44.101 (2005), 45.317 (2004)
note: the ngultrum is pegged to the Indian rupee


NOTE: The information regarding Bhutan on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bhutan Economy 2011 information contained here. All suggestions for corrections of any errors about Bhutan Economy 2011 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

https://theodora.com/wfb2011/bhutan/bhutan_economy.html


This page was last modified 09-Feb-11
Copyright © 1995-2011 ITA all rights reserved.