Things are
moving very fast at the right direction for this small nation. In
2007, Bhutan had the second-fastest-growing economy in the world. Bhutan has
seen recent growth in the technology sector, in areas such as green tech and
consumer Internet/e-commerce.
Bhutan's
economy is based on agriculture, forestry,
tourism and the sale of hydroelectric power to India. A landscape that varies from hilly to ruggedly mountainous has made
the building of roads and other infrastructure difficult and expensive.
The
industrial sector is in a nascent stage, and
though most production comes from cottage industry, larger industries are being
encouraged and some industries such as cement, steel, and ferroalloy have been
set up.
Bhutan's
exports, principally: electricity, cardamom,
gypsum, timber, handicrafts, cement, fruit, precious stones and spices.
Main items
imported include fuel and lubricants, grain, machinery,
vehicles, fabrics and rice. Bhutan's
main export partner is India, Hong Kong and Bangladesh, and China.
The
industrial sector accounts of 22% of the
economy. The key manufacturing sectors in Bhutan include production of
ferroalloy, cement, metal poles, iron and nonalloy steel products, processed graphite,
copper conductors, alcoholic and carbonated beverages, processed fruits,
carpets, wood products and furniture.
Bhutan has deposits of numerous minerals. Commercial production includes coal,
dolomite, gypsum, and limestone. The country has proven reserves of beryl,
copper, graphite, lead, mica, pyrite, tin, tungsten, and zinc.
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