large black and white dragon facing away from the hoist side
:Bhutan Economy
Overview:
The economy, one of the world's least developed, is based on agriculture and
forestry, which provide the main livelihood for 90% of the population and
account for about 50% of GDP. Rugged mountains dominate the terrain and make
the building of roads and other infrastructure difficult and expensive. The
economy is closely aligned with that of India through strong trade and
monetary links. Low wages in industry lead most Bhutanese to stay in
agriculture. Most development projects, such as road construction, rely on
Indian migrant labor. Bhutan's hydropower potential and its attraction for
tourists are its most important natural resources.
GDP:
exchange rate conversion - $320 million, per capita $200; real growth rate
3.1% (1991 est.)
Inflation rate (consumer prices):
12% (FY90)
Unemployment rate:
NA
Budget:
revenues $112 million; expenditures $121 million, including capital
expenditures of $58 million (FY91 est.)
Exports:
$74 million (f.o.b., FY91)
commodities:
cardamon, gypsum, timber, handicrafts, cement, fruit
partners:
India 93%
Imports:
$106.4 million (c.i.f., FY91 est.)
commodities:
fuel and lubricants, grain, machinery and parts, vehicles, fabrics
partners:
India 67%
External debt:
$80 million (FY91 est.)
Industrial production:
growth rate NA; accounts for 18% of GDP
Electricity:
353,000 kW capacity; 2,000 million kWh produced, 1,280 kWh per capita (1990)
Industries:
cement, wood products, processed fruits, alcoholic beverages, calcium
carbide
Agriculture:
accounts for 50% of GDP; based on subsistence farming and animal husbandry;
self-sufficient in food except for foodgrains; other production - rice,
corn, root crops, citrus fruit, dairy, and eggs
Economic aid:
Western (non-US) countries, ODA and OOF bilateral commitments (1970-89),
$115 million; OPEC bilateral aid (1979-89), $11 million
Currency:
ngultrum (plural - ngultrum); 1 ngultrum (Nu) = 100 chetrum; note - Indian
currency is also legal tender
Exchange rates:
ngultrum (Nu) per US$1 - 25.927 (January 1992), 22.742 (1991), 17.504
(1990), 16.226 (1989), 13.917 (1988), 12.962 (1987); note - the Bhutanese
ngultrum is at par with the Indian rupee
Fiscal year:
1 July - 30 June
:Bhutan Communications
Highways:
1,304 km total; 418 km surfaced, 515 km improved, 371 km unimproved earth
Civil air:
1 jet, 2 prop
Airports:
2 total, 2 usable; 1 with permanent-surface runways; none with runways over
2,439 m; 2 with runways 1,220-2,439 m
Telecommunications:
inadequate; 1,990 telephones (1988); 22,000 radios (1990 est.); 85 TVs
(1985); broadcast stations - 1 AM, 1 FM, no TV (1990)
:Bhutan Defense Forces
Branches:
Royal Bhutan Army, Palace Guard, Militia
Manpower availability:
males 15-49, 406,360; 217,348 fit for military service; 17,316 reach
military age (18) annually
Defense expenditures:
exchange rate conversion - $NA, NA% of GDP
:Bolivia Geography
Total area:
1,098,580 km2
Land area:
1,084,390 km2
Comparative area:
slightly less than three times the size of Montana
Land boundaries:
6,743 km; Argentina 832 km, Brazil 3,400 km, Chile 861 km, Paraguay 750 km,
Peru 900 km
Coastline:
none - landlocked
Maritime claims:
none - landlocked
Disputes:
has wanted a sovereign corridor to the South Pacific Ocean since the Atacama
area was lost to Chile in 1884; dispute with Chile over Rio Lauca water
rights
Climate:
varies with
