Agriculture > products
rice, corn, root crops, citrus, foodgrains; dairy products, eggs |
|
Aid as % of GDP
|
10.9% |
|
[31st of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Consumer price index
|
119.14 %
|
|
[75th of 165]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Current account balance
|
$116,000,000.00 |
|
[60th of 181]
|
|
Source: World Development Indicators database |
|
Debt > External
|
$713,300,000.00 |
|
[125th of 136]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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 and dependence on India's financial assistance. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. 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 upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in areas such as industrial licensing, trade, labor, and finance continue to hamper foreign investment. Hydropower exports to India had a major impact on growth in 2007. |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
ngultrum per US dollar - 45.317 (2004), 46.583 (2003), 48.61 (2002), 47.186 (2001), 44.942 (2000) |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$350,000,000.00 |
|
[161st of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports to US
|
$10,000.00 |
|
[214th of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$927,154,200.00 |
|
[147th of 203]
|
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$3,359,000,000.00 |
|
[160th of 187]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Real growth rate
|
22.4% |
|
[2nd of 198]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP growth > annual %
|
6.06 annual %
|
|
[52nd of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Gross National Income
|
$528,871,000.00 |
|
[153rd of 172]
|
|
Source: World Development Indicators database |
|
Human Development Index
|
0.536 |
|
[135th of 178]
|
|
Inflation rate (consumer prices)
|
4.9% |
|
[98th of 192]
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Population below poverty line
|
31.7% |
|
[24th of 46]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Total reserves minus gold > current US$
|
467,426,200 $
|
|
[128th of 178]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals
|
5,000 |
|
[150th of 152]
|
|
Source: World Development Indicators database |
|
Tourist arrivals by region of origin > Europe
|
5,439 |
|
[162nd of 195]
|
|
Source: United Nations World Statistics Pocketbook and Statistical Yearbook |
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