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 its most
important natural resources; however, the government limits the number
of tourists to 4,000 per year to minimize foreign influence. Much of
the impetus for growth has come from large public-sector companies.
Nevertheless, in recent years, Bhutan has shifted toward decentralized
development planning and greater private initiative. The government
privatized several large public-sector firms, is revamping its trade
regime and liberalizing administerial procedures over industrial
licensing. The government's industrial contribution to GDP decreased
from 13% in 1988 to about 10% in 1992.
National product:
GDP - purchasing power equivalent - $500 million (1993 est.)
National product real growth rate:
5% (FY93 est.)
National product per capita:
$700 (1993 est.)
Inflation rate (consumer prices):
11% (October 1993)
Unemployment rate:
NA%
Budget:
revenues:
$100 million
expenditures:
$112 million, including capital expenditures of $60 million (FY92
est.)
note:
the government of India finances nearly one-quarter of Bhutan's budget
expenditures
Exports:
$66 million (f.o.b., FY93 est.)
commodities:
cardamon, gypsum, timber, handicrafts, cement, fruit, electricity (to
India), precious stones, spices
partners:
India 82%, Bangladesh, Singapore
Imports:
$125 million (c.i.f., FY93 est.)
commodities:
fuel and lubricants, grain, machinery and parts, vehicles, fabrics
partners:
India 60%, Japan, Germany, US, UK
External debt:
$141 million (June 1993)
Industrial production:
growth rate NA%; accounts for 8% of GDP; primarily cottage industry
and home based handicrafts
Electricity:
capacity:
336,000 kW
production:
1.5422 billion kWh
consumption per capita:
2,203 kWh (25.8% is exported to India leaving 1,633 kWh per capita;
1990–91)
Industries:
cement, wood products, processed fruits, alcoholic beverages, calcium
carbide
Agriculture:
accounts for 45% of GDP; based on subsistence farming and animal
husbandry; self-sufficient in food except for foodgrains; other
production - rice, corn, root crops, citrus fruit, dairy products,
eggs
Economic aid:
recipient:
Western (non-US) countries, ODA and OOF bilateral commitments
(1970–89), $115 million; OPEC bilateral aid (1979–89), $11 million
Currency:
1 ngultrum (Nu) = 100 chetrum; note - Indian currency is also legal
tender
Exchange rates:
ngultrum (Nu) per US$1 - 31.370 (January 1994), 30.493 (1993), 25.918
(1992), 22.742 (1991), 17.504 (1990), 16.226 (1989); note - the
Bhutanese ngultrum is at par with the Indian rupee
Fiscal year:
1 July - 30 June
@Bhutan, Communications
Highways:
total:
2,165 km
paved:
NA
unpaved:
gravel 1,703 km
undifferentiated:
462 km
Airports:
total:
2
usable:
2
with permanent-surface runways:
1
with runways over 3,659 m:
0
with runways 2,440–3,659 m:
0
with runways 1,220–2,439 m:
2
Telecommunications:
domestic telephone service is very poor with very few telephones in
use; international telephone and telegraph service is by land line
through India; a satellite earth station was planned (1990); broadcast
stations - 1 AM, 1 FM, no TV (1990)
@Bhutan, Defense Forces
Branches:
Royal Bhutan Army, Palace Guard, Militia
Manpower availability:
males age 15–49 424,558; fit for military service 226,851; reach
military age (18) annually 17,310 (1994 est.)
Defense expenditures:
$NA, NA% of GDP
@Bolivia, Geography
Location:
Central South America, between Brazil and Chile
Map references:
South America, Standard Time Zones of the World
Area:
total area:
1,098,580 sq km
land area:
1,084,390 sq km
comparative area:
slightly less than three times the size of Montana
Land boundaries:
total 6,743 km, Argentina 832 km, Brazil 3,400 km, Chile 861 km,
Paraguay 750 km, Peru 900 km
Coastline:
0 km (landlocked)
Maritime claims:
none; landlocked
International disputes:
has wanted a sovereign corridor to the South Pacific Ocean since the
Atacama area was lost to Chile in 1884; dispute with Chile over Rio