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Economy
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Bhutan is categorized as a least developed country and its small population base, geographic size and being land locked pose significant challenges for development. Agriculture is still the dominant sector providing livelihood, income and employment to more than 69% percent of the total population. Bhutan is also rich in hydro power resources and the majority of electricity is exported to India. Fueled by the development of hydro power, the industrial sector is developing rapidly. Tourism activities are also on the rise.

Hydro power is by far the largest contributor to the economy of Bhutan. With abundant water resources, Bhutan still has the capacity to generate about 30,000 MW of electricity and many hydro power projects are underway.

Industrial development in Bhutan is constrained by many factors, including supply and access to raw materials, high transportation costs, small domestic market, lack of space and infrastructure, and shortage of skilled and semi-skilled human resources. The number of industrial license holders has increased steadily over the last decade, however most of the industrial establishments are small scale or cottage industries.

The tourism industry plays an important role in Bhutan’s socio-economic development as the largest commercial source of convertible currency earnings. Bhutan’s location, terrain and relative isolation have provided a strong comparative advantage for Bhutan as a special destination. Furthermore, the kingdom’s reputation for conservation and its developmental philosophy of Gross National Happiness have all added to Bhutan’s mystique, luring more and more tourists to Bhutan every year. The “High value, Low impact” policy has always guided tourism in Bhutan.

 
 
 

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