ECON FACTBOOK

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Economy of Bhutan

Population: 754 thousand in 2013¹

GDP: $1.88 billion in 2013²

GDP per capita: $2,363 nominal³ ($7,669 PPP⁴) in 2013

GDP growth rate: 2.0% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	389	22.2%
Construction	298	17.0%
Mining and utilities	297	16.9%
Agriculture, hunting, forestry, fishing	297	16.9%
Transport, storage and communication	203	11.6%
Manufacturing	151	8.6%
Wholesale, retail trade, restaurants and hotels	120	6.8%
Total value added	1,755	100%

Employment

Unemployment rate: 2.1% in 2013⁷

Employment by Industry 2012⁸

Employment sector	Employees (thousands)	Percent of total
Agriculture	189.2	56.3%
Public administration and defence	28.7	8.5%
Wholesale trade, retail trade and repair of motor vehicles	25.9	7.7%
Manufacturing	20.6	6.1%
Education	13.2	3.9%
Transport, storage and communications	12.2	3.6%
Health and social work	11.8	3.5%
Construction	10.7	3.2%
Hotels and restaurants	10.5	3.1%
Real estate, renting and business activities	4.1	1.2%
Electricity, gas and water supply	4.0	1.2%
Financial intermediation	2.9	0.9%
Mining and quarrying	1.4	0.4%
Activities of private households as employers	0.5	0.2%
Total	335.8	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .381 in 2013¹⁰

Government

Central Government

Central Government Revenue: $588 million (31% of GDP) in 2013¹¹

Central Government Expenditure: $640 million (34% of GDP) in 2013¹¹

Central Government Budget Balance: -$52 million (-3% of GDP) in 2013¹¹

Central Government Public Debt: $1.63 billion (87% of GDP) in Jun 2013* ¹²

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 62.2 BTN = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: 30% in 2014¹³

Monetary Policy

Money Supply (M1): $731 million (39% of GDP) in Nov 2014* ¹⁴

Benchmark Interest Rate: Policy Rate = 6.00%¹⁵

Total Reserves: $991 million (52% of GDP) in 2013¹⁶

Exchange Rate: 62.2 Butanese Ngultrum = 1 U.S. Dollar on Feb 23, 2015¹⁷

Inflation: 7.0% in 2013¹⁸

* Money supply calculated using the exchange rate 62.2 BTN = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013¹⁹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $0.72 billion (38% of GDP) in 2013²⁰

Imports: $1.28 billion (68% of GDP) in 2013²⁰

Trade Balance: -$0.56 billion (-30% of GDP) in 2013²⁰

Foreign Direct Investment Inflow: $49 million (3% of GDP) in 2013²¹

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $161 million (9% of GDP) in 2012²²

Foreign Aid Outflow: N/A

References