Macro-economic Trend
Further information: Energy in BhutanThis is a chart of trend of gross domestic product of Bhutan at market prices by the International Monetary Fund:
Year | GDP (millions of BTN) | GDP (millions of USD) |
---|---|---|
1985 | 2,166 | 175 |
1990 | 4,877 | 279 |
1995 | 9,531 | 294 |
2000 | 20,060 | 460 |
2005 | 36,915 | 828 |
2008 | 1280 |
Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. Model education, social, and environment programs in Bhutan are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. For example, the government, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in such areas as industrial licensing, trade, labor, and finance continue to hamper foreign investment.
In 2004, Bhutan became the first country in the world to ban smoking and the selling of tobacco.
Read more about this topic: Economy Of Bhutan