militantantigovernment campaign
International organization participation: AsDB, CP, ESCAP, FAO,
G-77, IBRD, ICAO, IDA, IFAD, IMF, Intelsat, IOC, ITU, NAM, SAARC,
UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO
Diplomatic representation in US: none; note - Bhutan has a
Permanent Mission to the UN, headed by Ugyen TSERING; address: 2
United Nations Plaza, 27th Floor, New York, NY 10017; telephone [1]
(212) 826–1919; the Bhutanese mission to the UN has consular
jurisdiction in the US
consulate(s) general: New York
honorary consulate(s): San Francisco; Washington, DC
US diplomatic representation: the US and Bhutan have no formal diplomatic relations, although informal contact is maintained between the Bhutanese and US Embassy in New Delhi (India)
Flag: divided diagonally from the lower hoist side corner; the upper triangle is yellow and the lower triangle is orange; centered along the dividing line is a large black and white dragon facing away from the hoist side
Economy———
Economic overview: The economy, one of the world's smallest and least developed, is based on agriculture and forestry, which provide the main livelihood for 90% of the population and account for about half of GDP. 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. The industrial sector is small and technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Bhutan's hydropower potential and its attraction for tourists are key resources; however, the government limits the number of tourists to 4,000 per year to minimize foreign influence. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare but growth continues to be constrained by the government's desire to protect the country's environment and cultural traditions. Growth picked up in 1995 and the country's balance of payments remained strong with comfortable reserves. The cautious fiscal stance planned for FY95/96 suggests continued economic stability in 1996. However, excessive controls and uncertain policies in areas like industrial licensing, trade, labor, and finance continue to hamper foreign investment.
GDP: purchasing power parity - $1.3 billion (1995 est.)
GDP real growth rate: 6% (1995 est.)
GDP per capita: $730 (1995 est.)
GDP composition by sector: agriculture: NA% industry: NA% services: NA%
Inflation rate (consumer prices): 8.6% (FY94/95 est.)
Labor force: NA
by occupation: agriculture 93%, services 5%, industry and commerce 2%
note: massive lack of skilled labor
Unemployment rate: NA%
Budget:
revenues: $52 million
expenditures: $150 million, including capital expenditures of $95
million (FY93/94 est.)
note: the government of India finances nearly three-fifths of
Bhutan's budget expenditures
Industries: cement, wood products, processed fruits, alcoholic
beverages, calcium carbide
Industrial production growth rate: 7.6% (1992 est.)
Electricity:
capacity: 360,000 kW
production: 1.7 billion kWh
consumption per capita: 143 kWh (1993)
note: Bhutan exports electricity to India
Agriculture: rice, corn, root crops, citrus, foodgrains; dairy
products, eggs
Exports: $70.9 million (f.o.b., FY94/95 est.)
commodities: cardamon, gypsum, timber, handicrafts, cement, fruit,
electricity (to India), precious stones, spices
partners: India 94%, Bangladesh
Imports: $113.6 million (c.i.f., FY94/95 est.)
commodities: fuel and lubricants, grain, machinery and parts,
vehicles, fabrics, rice
partners: India 77%, Japan, UK, Germany, US
External debt: $141 million (October 1994)
Economic aid:
recipient: $NA
Currency: 1 ngultrum (Nu) = 100 chetrum; note - Indian currency is
also legal tender
Exchange rates: ngultrum (Nu) per US$1 - 35.766 (January 1996), 32.427 (1995), 31.374 (1994), 30.493 (1993), 25.918 (1992), 22.742 (1991); note - the Bhutanese ngultrum is at par with the Indian rupee
Fiscal year: 1 July - 30 June
Transportation———————
Railways: 0 km
Highways: total: 1,296 km paved: 416 km unpaved: 880 km (1988 est.)
Ports: none
Airports:
total: 2
with paved runways 1 524 to 2 437 m: 1
with unpaved runways 914 to 1 523 m: 1 (1995 est.)
Communications———————
Telephones: 4,620 (1991 est.)
Telephone system:
domestic: domestic telephone service is very poor with very few
telephones in use
international: international telephone and telegraph service is by
landline through India; a satellite earth station was planned (1990)
Radio broadcast stations: AM 1, FM 1, shortwave 0 (1990)
Radios: 23,000 (1989 est.)
Television broadcast stations: 0 (1990 est.)
Televisions:
