Bhutan: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

October 30, 2018

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Bhutan: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This 2018 Article IV Consultation highlights that Bhutan continued to make strides in raising per capita incomes and reducing poverty as it concluded the 11th Five Year Plan in 2018. Notably, poverty declined from 12 percent in 2012 to 8.2 percent, and extreme poverty fell to just 1.5 percent. The country is poised to transition to middle-income status, with per capita incomes at nearly US$3,600 in 2018, up from US$1,100 in 2004. Growth has remained robust, averaging 6 percent over the 11th Plan. In FY2018, growth is expected to slow to 5.8 percent from 7.4 percent in FY2017, reflecting slowing construction activity of hydropower projects set to come on stream in 2018 and beyond.

Subject: Debt service, Exports, External debt, International trade, Public and publicly-guaranteed external debt, Public debt, Taxes, Value-added tax

Keywords: Authority, Balance of payments, Bhutanese economy, Broad money, CR, Current account deficit, Economy well, Exports, GDP deflator, Global, Indian rupee, ISCR, Policy challenge, Public and publicly-guaranteed external debt, Quarterly balance of payments, Real GDP, Reserve cover, South Asia, Value-added tax

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/300
Stock No:

1BTNEA2018002
ISBN:

9781484382073
ISSN:

1934-7685

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