Skip to Main Navigation

Bhutan - Country snapshot (English)

Bhutan has maintained solid macroeconomic performance in the first half of 2016. Large ongoing investments in hydropower projects, supportive fiscal and monetary policy have been contributing to the growth momentum. The single-digit inflation, relatively stable exchange rate and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to continue for the next few years, which should result in a steady reduction of poverty. However, Bhutan’s structural challenges remain: large current account deficits, elevated public debt, an underdeveloped private sector and high youth unemployment rates. To address these challenges, the Royal Government of Bhutan (RGoB) is in the process of revising the Economic Development Policy (EDP) and has started preparatory work on the 12th five-year plan (FYP) which will commence in 2018. This book covers the recent sector wise developments of Bhutan supported by World Bank Group for the year 2016.

Details

  • Document Date

    2016/10/01

  • Document Type

    Working Paper

  • Report Number

    109248

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Bhutan,

  • Region

    South Asia,

  • Disclosure Date

    2016/10/18

  • Disclosure Status

    Disclosed

  • Doc Name

    Bhutan - Country snapshot

  • Keywords

    Hydropower;rural area;Financial Sector;children of school-going age;market needs;social protection program;access to social protection;access to health service;access to basic service;insurance corporation;limited access to finance;movement in interest rates;youth unemployment rate;road and bridges;urban public transport;glacial lake outburst;early warning system;current account deficit;international poverty line;Labor Market;monetary policy;engine of growth;future hydropower development;private vehicle ownership;human resource base;threats to biodiversity;abundant water resource;Good Agricultural Practices;lack of alternative;consumer price index;capital market activity;process of review;stable exchange rate;disaster risk management;crop and livestock;quality and relevance;balance of payment;Macro Poverty Outlook;integrated water management;basic public health;water supply scheme;source of employment;education service delivery;high youth unemployment;quality of data;total market capitalization;source of funding;public sector debt;public health system;foreign direct investment;Development Policy Lending;income due;high poverty rate;land information system;poverty headcount rate;lack of investment;capital market development;terms of credit;short term deposit;banks' balance sheet;urban population growth;open source technology;rapid credit growth;social protection framework;alternative energy source;motor vehicle owner;contract as well;aspect of disaster;extreme weather event;public sector worker;urban transport service;form of tax;private sector worker;public sector job;sites and services;urban local government;rural electrification subsidy;high unemployment rate;agriculture sector;traditional village;urban youth;Exchange Rates;tourism policy;personal loan;Macroeconomic Stability;human capital;health facility;poor household;subsistence agriculture;global economy;tourism sector;provident fund;productive employment;climate services;land transaction;tertiary level;hydromet services;hydropower plant;wildlife crime;environmental conservation;debt repayment;Municipal Finance;private transport;urban mobility;urban development;fuel wood;economic sector;private-sector development;rapid urbanization;liquidity position;flood;

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Bhutan - Country snapshot (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/277751476782406500/Bhutan-Country-snapshot