Economy

Despite Bhutan’ small population there has been much economic development in recent years and the economy is growing rapidly.

While a large part of the Bhutanese population is still illiterate and reside in rural areas with approximately 1in 5 still living under the poverty line, the majority of all Bhutanese have shelter and are self-sufficient. Rapid modernization has brought about vast improvements in the living standard of the Bhutanese people. All villages now have access to basic amenities such as education, running water, basic healthcare and are connected by roads and electricity. Even the most remote villages have connection to the telecommunication network including mobile phone service.

The Bhutanese economy is predominantly agricultural. Farmers supplement their income through the sale of animal products such as cheese, butter and milk. Farmers’ markets are common throughout the country, supplying the people with fresh, organic, local produce.

The main staple crops are rice, maize, wheat and buckwheat while cash crops are predominantly potatoes, apples, oranges, cardamom, ginger, and chilies. A fruit based industry has been established in the capital allowing farmers from the nearby areas to sell their produce and thereby earn additional revenue.