Other political or pressure groups: Buddhist clergy; Indian
merchant community; ethnic Nepalese organizations leading militant
antigovernment campaign
International organization participation: AsDB, CP, ESCAP, FAO,
G-77, IBRD, ICAO, IDA, IFAD, IMF, Intelsat, IOC, ITU, NAM, SAARC,
UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO
Diplomatic representation in US: none; note - Bhutan has a
Permanent Mission to the UN, headed by Ugyen TSERING; address: 2
United Nations Plaza, 27th Floor, New York, NY 10017; telephone [1]
(212) 826-1919; 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: the US and Bhutan have 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 yellow and the lower triangle is orange; centered along the dividing line is a large black and white dragon facing away from the hoist side
Economy ———-
Economic overview: The economy, one of the world's smallest and 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. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare but growth continues to be constrained by the government's desire to protect the country's environment and cultural traditions. Growth picked up in 1995 and the country's balance of payments remained strong with comfortable reserves. The cautious fiscal stance planned for FY95/96 suggests continued economic stability in 1996. However, excessive controls and uncertain policies in areas like industrial licensing, trade, labor, and finance continue to hamper foreign investment.
GDP: purchasing power parity - $1.3 billion (1995 est.)
GDP real growth rate: 6% (1995 est.)
GDP per capita: $730 (1995 est.)