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    Country Economic Review: Bhutan

    Asian Development Bank | December 2001
    Abstract
    Bhutan’s Eighth Five-Year Plan is scheduled to end on 30 June 2002 and the Ninth Plan to begin on 1 July 2002. Real gross domestic product (GDP) is estimated to have grown at 6.7 percent per year during the Eighth Plan period, equal to the target and representing an impressive performance. Sector performance, however, has been mixed. Agriculture has grown at 4.3 percent per year, led mainly by forestry and livestock, with cash crop production relatively slow moving. The industry sector has grown at 7.1 percent a year, below the Plan target, especially the mining and manufacturing subsectors; but it has been buoyed by the performance of construction and, to a lesser extent, by electricity generation. With the Kurichu (60 megawatts [MW]) and Basochu (22 MW) hydropower plants coming on stream in the next few months, and the Tala plant (1,021 MW) scheduled possibly for 2006, hydropower development (with related electricity exports to India) has become the main engine of Bhutanese growth. The contribution of the services sector, which has grown at about 8 percent a year during the Eighth Plan, has been erratic, but has been underpinned by growth in transport and ommunications on the one hand, and in tourism on the other, although the latter has been somewhat depressed in recent months by the slowdown in the world economy.
    Citation
    Asian Development Bank. 2001. Country Economic Review: Bhutan. © Asian Development Bank. http://hdl.handle.net/11540/6234.
    Keywords
    Asian Development Bank
    Development
    Trade
    Development Goals
    Skills Development
    Sustainable Development
    Trade Flows
    Trade And Development
    Food Security And Trade
    Trade Volume
    Trade Potential
    Trade Flows
    External Trade
    Industrial policy
    New technology
    Innovations
    Industry
    Export policy
    Import policy
    Development assistance
    ADB
    Curriculum development
    Development assistance
    Development aid
    Development indicators
    Development potential
    Development models
    Project appraisal
    Performance appraisal
    Regional development bank
    Trade development
    Import volume
    Export volume
    Capital
    Business
    Communication in rural development
    Social participation
    Occupational training
    Partnership
    Joint venture
    System analysis
    Labor and globalization
    Labor policy
    Regional trading blocs
    Foreign trade and employment
    Developing countries
    Industrial priorities
    Technological innovation
    Technology transfer
    Foreign trade regulation
    Industrial relations
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    Citable URI
    http://hdl.handle.net/11540/6234
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    Author
    Asian Development Bank
    Theme
    Development
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise