As per International Monetary Fund (IMF) Bhutan’s nominal gross domestic product is expected to grow at a CAGR of 13.19% from it’s 2015 level of BTN 125.784 billion and reach BTN 299.502 billion by 2022.
Bhutan is a tiny and remote kingdom nestling in the Himalayas between its powerful neighbours, India and China. Almost completely cut off for centuries, it has tried to let in some aspects of the outside world while fiercely guarding its ancient traditions. The Bhutanese name for Bhutan, Druk Yul, means “Land of the Thunder Dragon” and it only began to open up to outsiders in the 1970s.
Bhutan had estimated population of 0.791 million in the year 2016 and expected to reach 0.871 million by 2022. Bhutan’s unemployment rate was 3.2% of total labor force in 2016, which is expected to remain same till 2022.
Bhutan’s real gross domestic product (GDP) was around BTN 61.015 billions in 2016 whereas the nominal GDP was BTN 141.43 billions. This resulted in GDP deflator 231.796. Per capita GDP was estimated at USD 2673.53 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 8227.37.
In 2016, Bhutan government’s revenue was BTN 41.73 billions whereas the expenditure was BTN 44.679 billions. This resulted Bhutan government’s net lending / borrowing negative at BTN 0.245 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Bhutan was estimated to be negative at USD 0.616 billions for the year 2016 and is expected to grow at a CAGR of 194.35% and reach USD 0.382 by 2022.
Scope of the Bhutan PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Bhutan.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Bhutan.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Bhutan.
- These reports provide risk analysis for Bhutan.
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