International Trade in Bhutan

International Trade in Bhutan

Bhutan's GDP increased very rapidly during this decade, reaching up to 21.4% growth in 2007-2008. It then suffered the consequences of the slowing down of Indian growth in 2008, which was affected by the global economic crisis. The growth rate increased to 6.8% in 2010 and should remain... Read more

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Market Analyses About Bhutan (3)

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  • Atlantica Translation Company

    Atlantica Translation Company

    Translation Services, Bhutan

    Professional Translation Services English to Russian, Russian to English: — marketing translation — technical...
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    Escrow.com

    Payment Solutions, Bhutan

    Since 1999, Escrow.com has established itself as the leading provider of secure business and consumer transaction management across the...

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Overview About International Trade in Bhutan

Economic Overview

Bhutan's GDP increased very rapidly during this decade, reaching up to 21.4% growth in 2007-2008. It then suffered the consequences of the slowing down of Indian growth in 2008, which was affected by the global economic crisis. The growth rate increased to 6.8% in 2010 and should remain stable around 6% in 2011, sustained by the development of the hydro-electric energy sector.

Bhutan's economy, one of the smallest and least developed in the world, is based on agriculture and forestry. However, the main source of revenue is the sale of electricity to India. The economy is closely linked to India's through strong trade links and dependence on India's financial assistance. From the fact of being landlocked, Bhutan has not been able to benefit from significant trading of its food products. The historical trade routes through the Himalayan summits, which link India to Tibet have been closed since the Chinese military take over of Tibet in 1959, a fact which limits development (even though smuggling still brings in Chinese products into Bhutan).

Bhutan's tenth five-year plan (2008-2013), is aimed towards rural, regional and private sector development. The increase in publ...

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