Concept

Economy of Bhutan

Summary
The economy of Bhutan 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. Bhutan is among the richest by gross domestic product (nominal) per capita in South Asia, at 3,491asof2022,butitstillplaces153rd,andamongthepoorestintheworld.Thetotalgrossdomesticproductisonly3,491 as of 2022, but it still places 153rd, and among the poorest in the world. The total gross domestic product is only 2,653 million, and 178th according to IMF. Bhutan's economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. Most production in the industrial sector is of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labour. Model education, social, and environment programs are underway with support from multilateral development organisations. Each econ
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