Bhutan GDP (Gross Domestic Product)

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Bhutan country overview

Before we start discussing Bhutan’s GDP, first we discuss Bhutan’s country overview. Bhutan is officially called the Kingdom of Bhutan. It is a landlocked country located in South Asia.

Bhutan GDP
Bhutan GDP

Thimphu is the capital and largest city of Bhutan. Its official language is Dzongkha. Its state religion is Buddhism. Its government system is the Unitary parliamentary constitutional monarch. Bhutan’s prime minister’s name is Lotay Tshering.

Bhutan’s total area is 38,390 km2. Its total area rank is 133rd in the world. Bhutan’s total population is 754,390 in the year 2018. Its population rank is 165th in the world. Its population density is 19 / km2. Its population density rank is 162nd in the world. 

Bhutan’s Economy

Bhutan’s currency name is ngultrum. Bhutan is generally called a Developing and emerging country and also a lower-middle-income economy country. The inflation rate in Bhutan is 4.1% in the year 2020.

8% of Bhutan’s population live below the poverty line according to the year 2017. Bhutan’s HDI rate is 0.617 in the year 2017. Its HDI rank is 134th in the world. Bhutan’s total labor force is 381,740 in the year 2019.

When we talk about its labor force by occupation, meanwhile agriculture: is 58%, industry: is 20%, and services are 22% in the year 2015. The unemployment rate in Bhutan is 3.1% in the year 2017. Its gross external debt is $2.6 billion in the year 2017. Bhutan’s total foreign reserves are $1.2 billion in the year 2017.

Bhutan GDP

Bhutan’s total GDP is $2.8 billion (nominal) and $8 billion (PPP) in the year 2019. Its GDP rank is 161st (nominal) and 154th (PPP) in the year 2019. Its GDP growth is 1.8% in the year 2021.

Bhutan’s GDP per capita is $3,200 (nominal) and $9,800 (PPP) in the year 2020. Bhutan’s GDP per capita rank is 120th (nominal) and 106th (PPP) in the year 2019. When we talk about its GDP by sector, so agriculture is 16%, industry is 41% and services are 42% in the year 2017. 

Exports

Its total exports are $554 million in the year 2017. Its main export goods are electricity, steel, machinery, etc. its main export partners are India, Bangladesh, China, and others. 

Imports

Bhutan’s total imports are $1 billion in the year 2017. Its main import goods are fuel, airplanes, machinery, rice, etc. Its main import partners are India, China, Japan, South Korea, and others.

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