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Country Economic Review: Bhutan
dc.description.abstractBhutan’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.
dc.publisherAsian Development Bank
dc.titleCountry Economic Review: Bhutan
dc.typeOther Content
dc.subject.expertAsian Development Bank
dc.subject.expertDevelopment Goals
dc.subject.expertSkills Development
dc.subject.expertSustainable Development
dc.subject.expertTrade Flows
dc.subject.expertTrade And Development
dc.subject.expertFood Security And Trade
dc.subject.expertTrade Volume
dc.subject.expertTrade Potential
dc.subject.expertTrade Flows
dc.subject.expertExternal Trade
dc.subject.expertIndustrial policy
dc.subject.expertNew technology
dc.subject.expertExport policy
dc.subject.expertImport policy
dc.subject.adbDevelopment assistance
dc.subject.adbCurriculum development
dc.subject.adbDevelopment assistance
dc.subject.adbDevelopment aid
dc.subject.adbDevelopment indicators
dc.subject.adbDevelopment potential
dc.subject.adbDevelopment models
dc.subject.adbProject appraisal
dc.subject.adbPerformance appraisal
dc.subject.adbRegional development bank
dc.subject.adbTrade development
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.naturalCommunication in rural development
dc.subject.naturalSocial participation
dc.subject.naturalOccupational training
dc.subject.naturalJoint venture
dc.subject.naturalSystem analysis
dc.subject.naturalLabor and globalization
dc.subject.naturalLabor policy
dc.subject.naturalRegional trading blocs
dc.subject.naturalForeign trade and employment
dc.subject.naturalDeveloping countries
dc.subject.naturalIndustrial priorities
dc.subject.naturalTechnological innovation
dc.subject.naturalTechnology transfer
dc.subject.naturalForeign trade regulation
dc.subject.naturalIndustrial relations
dc.contributor.imprintAsian Development Bank
oar.adminregionSouth Asia Region
oar.authorAsian Development Bank

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