Diplomatic representation in US: Bhutan has no embassy in the US, but does have a Permanent Mission to the UN, headed by Ugyen TSERING, located at 2 United Nations Plaza, 27th Floor, New York, NY 10017, telephone [1] (212) 826-1919; note - the Bhutanese mission to the UN has consular jurisdiction in the US consulate(s) general: New York honorary consulate(s): San Francisco; Washington, DC
US diplomatic representation: no formal diplomatic relations, although informal contact is maintained between the Bhutanese and US Embassy in New Delhi (India)
Flag: divided diagonally from the lower hoist side corner; the upper triangle is orange and the lower triangle is red; centered along the dividing line is a large black and white dragon facing away from the hoist side
@Bhutan:Economy
Overview: The economy, one of the world's least developed, is based on agriculture and forestry, which provide the main livelihood for 90% of the population and account for about half of GDP. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive. The economy is closely aligned with India's through strong trade and monetary links. The industrial sector is small and technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Bhutan's hydropower potential and its attraction for tourists are key resources; however, the government limits the number of tourists to 4,000 per year to minimize foreign influence. Much of the impetus for growth has come from large public-sector companies. Nevertheless, in recent years, Bhutan has shifted toward decentralized development planning and greater private initiative. The government privatized several large public-sector firms, is revamping its trade regime and liberalizing administerial procedures over industrial licensing. The government's industrial contribution to GDP decreased from 13% in 1988 to about 11% in 1993.
National product: GDP - purchasing power parity - $1.2 billion (1994 est.)
National product real growth rate: 5% (1994 est.)
National product per capita: $700 (1994 est.)
Inflation rate (consumer prices): 10% (October 1994)
Unemployment rate: NA%