21, Nov 2009, CST. Welcome to the Bhutan economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Bhutan › Change country
National or Regional Currency: Ngultrum, BTN
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 691141 note: the Factbook population estimate is consistent with the first modern census of Bhutan, conducted in 2005; previous Factbook population estimates for this country, which were on the order of three times the total population reported here, were
Area: total: 47,000 sq km land: 47,000 sq km water: 0 sq km
Natural Resources: timber, hydropower, gypsum, calcium carbonate
Government Type: Bhutan government type
Government Ministers: Bhutan ministers
Capital: Thimphu
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

its economy, amongst the world's smallest and least developed, is based on Agriculture, fisheries and farming and forestry, which provide the main livelihood for more than 60 per cent of the general populace. Agriculture, fisheries and farming consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of transportation networks and other infrastructure and facilities difficult and expensive. Its economy is closely aligned with India's through strong trade (imports and exports) and monetary links and dependence on India's financial aid. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as transportation network construction and building, rely on India migrant workforce. Model education, social, and environment programs are underway with support from multilateral development organizations. Each economic program takes into account the state's desire to protect the country's environment and cultural traditions. For example, the state, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in areas such as industrial licensing, trade (imports and exports), workforce, and finance perpetuate to hamper Foreign Direct Investment (FDI). Hydropower exports to India have boosted Bhutan's Gross Domestic Product (GDP) growth. New hydropower projects will be the driving force behind Bhutan's ability to create employment and maintain growth in the coming years.
More on the Bhutan Economy
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GDP (Constant Prices, National Currency) for Bhutan in year 2008 is BTN 39.924 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Bhutan in year 2008 is 6.55 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Bhutan in year 2008 is BTN 56.722 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Bhutan in year 2008 is US$ 1.368 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Bhutan in year 2008 is 142.075 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Bhutan in year 2008 is BTN 60,763.26 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Bhutan in year 2008 is BTN 86,329.27 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Bhutan in year 2008 is US$ 2,081.98 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Bhutan in year 2008 is not available

GDP (PPP), US Dollars for Bhutan in year 2008 is US$ 3.442 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Bhutan in year 2008 is US$ 5,238.19 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Bhutan in year 2008 is 0.005 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Bhutan in year 2008 is 16.481 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Bhutan in year 2008 is not available

Gross National Savings (% of GDP) for Bhutan in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Bhutan in year 2008 is 141.733 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Bhutan in year 2008 is 7.7 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Bhutan in year 2008 is 139.619 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Bhutan in year 2008 is 6.4 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Bhutan in year 2008 is not available

Unemployment Rate (% of Labour Force) for Bhutan in year 2008 is not available

Employment for Bhutan in year 2008 is not available

Population for Bhutan in year 2008 is 0.657 Million .

General Government Balance (National Currency) for Bhutan in year 2008 is not available

General Government Balance (% of GDP) for Bhutan in year 2008 is not available

General Government Structural Balance (National Currency) for Bhutan in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Bhutan in year 2008 is not available

General Government Net Debt (National Currency) for Bhutan in year 2008 is not available

General Government Net Debt (% GDP) for Bhutan in year 2008 is not available

General Government Gross Debt (National Currency) for Bhutan in year 2008 is not available

General Government Gross Debt (% GDP) for Bhutan in year 2008 is not available

Current Account Balance (US Dollars) for Bhutan in year 2008 is US$ 0.16 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Bhutan in year 2008 is 11.7 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.