Economy of Bhutan

Economy of Bhutan
Currency	ngultrum (BTN); Indian rupee (INR)
Fiscal year	1 July - 30 June
Trade organizations	SAFTA
Statistics
GDP	$5.036 billion (2012 est.)
GDP rank	168th (nominal) / 158th (PPP)
GDP growth	9.7% (2012 est.)
GDP per capita	$6,800 (2012 est.)
GDP by sector	agriculture: 22.3%, industry: 37.9%, services: 39.8% (2006)
Inflation (CPI)	4.9% (2007 est.)
Population below poverty line	31.7% (2003)
Gini coefficient	no data
Labor force	no data (major shortage of skilled labor)
Labor force by occupation	agriculture: 63%, industry: 6%, services: 31% (2004 est.)
Unemployment	2.5% (2004)
Main industries	cement, wood products, processed fruits, alcoholic beverages, calcium carbide, tourism
Ease-of-doing-business rank	142nd^[1]
External
Exports	$350 million f.o.b. (2006)
Export goods	electricity (to India), cardamom, gypsum, timber, handicrafts, cement, fruit, precious stones, spices
Main export partners	India 58.6%, Hong Kong 30.1%, Bangladesh 7.3% (2007)
Imports	$320 million c.i.f. (2006)
Import goods	fuel and lubricants, grain, aircraft, machinery and parts, vehicles, fabrics, rice
Main import partners	India 74.5%, Japan 7.4%, Sweden 3.2% (2007)
Public finances
Public debt	$713.3 million (2006)
Revenues	$272 million (2005)
Expenses	$350 million (India finances 3/5 of Bhutan's expenditures) (2005)
Economic aid	$90.02 million (India) (2005)
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

The economy of Hydropower exports to India have boosted Bhutan's overall growth, even though GDP fell in 2008 as a result of a slowdown in India, its predominant export market.

Macro-economic trend 1
Other statistics 2
References 3
External links 4

Macro-economic trend

This is a chart of trend of gross domestic product of Bhutan at market prices [1] by the International Monetary Fund:

Year	GDP (millions of BTN)	GDP (millions of USD)
1985	2,166	175
1990	4,877	279
1995	9,531	294
2000	20,060	460
2005	36,915	828
2008		1280

Bhutan's TWh (2005)

consumption: 380 GWh (2005)

exports: 1.5 TWh (2005) (exports electricity to India)

imports: 20 GWh (2005)

Electricity - production by source:

fossil fuel: 0.39%
hydro: 99.61%
nuclear: 0%
other: 0% (1998)

Oil:

production: 0 barrels per day (0 m³/d) (2005)
consumption: 1,200 barrels per day (190 m³/d) (2005 est.)
exports: 0 barrels per day (0 m³/d) (2004)
imports: 1,138 barrels per day (180.9 m³/d) (2004)

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

Currency: 1 ngultrum (BTN) = 100 chetrum; Indian rupee (INR)

Historic exchange rates:

	2006	2005	2004	2003	2002	2001	1999
Ngultrum per US$1	45.279	44.101	45.317	46.583	48.61	47.186	43.055

E.T.C

References

This article incorporates public domain material from websites or documents of the CIA World Factbook.
This article incorporates public domain material from websites or documents of the United States Department of State (Background Notes).

^ "Doing Business in Bhutan 2012".

External links

Global Economic Prospects: Growth Prospects for South Asia The World Bank, December 13, 2006

Bhutan topics

History

Geography

Climate Ecoregions Environment Extreme points Glaciers Lakes Mountains Protected areas Rivers Valleys Wildlife

Subdivisions	Cities Chiwogs (electoral precincts) Dzongkhags (districts) Dungkhags (subdistricts) Gewogs (village groups) Villages

Politics

Economy

Culture

Architecture Cuisine Flag Media Music Public holidays Sport Archery Olympics

Demographics	Crime Education Ethnic groups Health care Languages Religion Women

Economy of Asia

Sovereign states	Afghanistan Armenia Azerbaijan Bahrain Bangladesh Bhutan Brunei Burma (Myanmar) Cambodia China Cyprus East Timor (Timor-Leste) Egypt Georgia India Indonesia Iran Iraq Israel Japan Jordan Kazakhstan North Korea South Korea Kuwait Kyrgyzstan Laos Lebanon Malaysia Maldives Mongolia Nepal Oman Pakistan Philippines Qatar Russia Saudi Arabia Singapore Sri Lanka Syria Tajikistan Thailand Turkey Turkmenistan United Arab Emirates Uzbekistan Vietnam Yemen

States with limited recognition	Abkhazia Nagorno-Karabakh Northern Cyprus Palestine South Ossetia Taiwan

Dependencies and other territories	British Indian Ocean Territory Christmas Island Cocos (Keeling) Islands Hong Kong Macau

South Asian Free Trade Area (SAFTA)

Members	Afghanistan Bangladesh Bhutan India Maldives Nepal Pakistan Sri Lanka

Categories

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Economy of Bhutan