Region: Southern Asia
Capital: Thimphu
Population (2012): 716,896
Surface area: 38,394 sq km
Currency: Ngultrum
GDP per capita (2011): US $ 2,336
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. 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 environmentally conscientious tourists. 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.
Human Development Index ranking (2012): 140 out of 186
Net Official Development Assistance (ODA) (2011): US $ 144 million
Top Three Donors of gross ODA: Japan, IDA, AsDF
FDI inflows (2012): $ 16 million
Total External Debt (2011): US $ 1 billion
External debt stock (% of GNI) (2011): 65
Merchandise exports (2011): US$ 675 million
Terms of trade index (2012): 134.3
Major export commodities: Electrical energy
Cost to export per container (2013): US $ 2,230
HIPC Position (2012): Not eligible
United Nations Membership date: 21 September 1971
New York Mission:
Address: Permanent Mission of the Kingdom of Bhutan to the United Nations
343 East 43rd Street, New York, N.Y. 10017
Telephone: (212) 682-2268, -2312, -2371, -2752
Telefax: (212) 661-0551
Correspondence: English
National holiday: 17 December, National Day.