Thursday, 19th October 2017
Key Indicators
GDP per Capita (2016) US$ 2,879.07
GDP Growth rate (2016)  7.99%
Population Poverty Rate (2012) 12.0%
General Literacy Rate (2012) 63.0%
Youth Literacy Rate (2012) 86.1%
Secondary School Completion Rate (2012) 74.2%
Household with TV Connection (2012) 55.3%
Population Access to Improved Sanitation (2012) 81.0%
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In 2016 GDP growth was 7.99%

                                                       PRESS RELEASE

    Bhutanese Economy Grew by 7.99 Percent in 2016 

1. Gross Domestic Product (GDP) recorded a growth of 7.99 percent in 2016. In current price, the size of the economy increased to Nu. 148,678.93 million, which is an increase of Nu. 16,598.07 million as compared to 2015. Construction; Transport & Communication; and Finance, Insurance, Real Estate & other Business Services were the main drivers of growth for the year. 

 2. Among the major economic sectors, Service sector recorded the highest growth at 10.48 percent, up by 5.03 percentage points in 2016 as against 5.45 percent growth in 2015. Industry sector growth slowed down to 6.79 percent as compared to 8.22 percent growth in the previous year. Further, Agriculture, Livestock and Forestry growth decelerated to 3.65 percent from a growth of 5.07 percent in 2015. 

3. The Primary Income received from abroad recorded a growth of 59.38 percent in 2016, as compared to negative growth of 23.12 percent in 2015. The Income paid to Rest of the World decelerated to 6.48 percent as against 27.89 percent in 2015. As a result, Gross National Income (GNI) posted a growth of 8.65 percent, which saw an increase of 4.31 percentage points as compared to the previous year.

 4.  With the country’s projected population of 768,577 for the year 2016, per capita GDP was recorded at Nu. 193,447.02 (USD $ 2,879.07), which is an increase of 6.36 percent from the previous year.

 

Table. 1: GDP by Major sector

Year

2015

2016

  2015

2016

2015

2016

 

In million Nu.

Share in %

Growth in % change

 

Agriculture

     22,111.51

     24,565.44

16.74

16.52

5.07

3.65

 

Industry

     54,610.64

     61,637.06

41.35

41.46

8.22

6.79

Services

     55,358.71

     62,476.43

41.91

42.02

5.45

10.48

 

GDP

 

132,080.85

 

148,678.93

 

100

 

100

 

6.60

 

7.99

  

National Statistics Bureau

                                                                                                        Thimphu, Bhutan

                                                                                                        29 September, 2017

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