Bhutan GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Bhutan expanded 4.62 percent in 2012 from the previous year. GDP Annual Growth Rate in Bhutan is reported by the Royal Monetary Authority of Bhutan. GDP Annual Growth Rate in Bhutan averaged 7.95 Percent from 1996 until 2012, reaching an all time high of 17.90 Percent in 2007 and a record low of 4 Percent in 2003. Bhutan’s economy, one of the smallest in the world, has been growing consistently in recent years. Bhutan’s overall development strategy is assessed according to the expected impact on the Gross National Happiness indicator, by focusing on providing the population with basic needs, maintaining social cohesion and pursuing sustainable environmental policies. The most important sectors of the economy are hydroelectricity, tourism and agriculture. The government has focused on the development of low volume, high quality tourism, as a way to protect the environment and mitigate the impact of disrupting influences on the domestic culture. Bhutan maintains close fiscal and trading ties with India. Electricity sales to India account for the country's largest share of foreign currency earnings. This page provides - Bhutan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.62 8.55 17.90 4.00 4.83 | 2013/09 1996 - 2012 Percent Yearly

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Bhutan GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 1.78 2012-12-31 1.83 1.83 0.14 1.78 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 4.62 2012-12-31 8.55 17.90 4.00 4.83 2013-09-30 Percent [+]
GDP per capita 2060.67 2012-12-31 1914.89 2060.67 325.14 2071.93 2013-12-31 USD [+]
GDP per capita PPP 5773.97 2012-12-31 5365.48 5773.97 911.03 5805.53 2013-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Bhutan Unemployment Rate at 2.10 Percent  
Unemployment Rate in Bhutan decreased to 2.10 percent in 2012 from 3.10 percent in 2011. Unemployment Rate in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Government Debt To GDP at 102.40 Percent  
Bhutan recorded a Government Debt to GDP of 102.40 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Government Budget at -1.20 Percent of GDP  
Bhutan recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2012. Government Budget in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Current Account to GDP at -23.00 Percent  
Bhutan recorded a Current Account deficit of 23 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Current Account at -19774.30 BTN Million  
Bhutan recorded a Current Account deficit of 19774.30 BTN Million in 2012. Current Account in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Balance of Trade at -19880.60 Million BTN  
Bhutan recorded a trade deficit of 19880.60 Million BTN in 2012. Balance of Trade in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Imports at 50878.10 Million BTN  
Imports in Bhutan decreased to 50878.10 Million BTN in 2012 from 50995.40 Million BTN in 2011. Imports in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Exports at 30997.40 Million BTN  
Exports in Bhutan increased to 30997.40 Million BTN in 2012 from 30160.10 Million BTN in 2011. Exports in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan GDP Annual Growth Rate at 4.62 Percent  
The Gross Domestic Product (GDP) in Bhutan expanded 4.62 percent in 2012 from the previous year. GDP Annual Growth Rate in Bhutan is reported by the Royal Monetary Authority of Bhutan.
Bhutan Inflation Rate at 11.31 Percent  
The inflation rate in Bhutan was recorded at 11.31 percent in the fourth quarter of 2013. Inflation Rate in Bhutan is reported by the Royal Monetary Authority of Bhutan.
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