The 2008 CIA World Factbook. United States. Central Intelligence Agency
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ahead of Washington, DC during Standard Time)
Administrative divisions:
20 districts (dzongkhag, singular and plural); Bumthang, Chhukha,
Chirang, Daga, Gasa, Geylegphug, Ha, Lhuntshi, Mongar, Paro,
Pemagatsel, Punakha, Samchi, Samdrup Jongkhar, Shemgang, Tashigang,
Tashi Yangtse, Thimphu, Tongsa, Wangdi Phodrang
Independence:
1907 (became a unified kingdom under its first hereditary king)
National holiday:
National Day (Ugyen WANGCHUCK became first hereditary king), 17
December (1907)
Constitution:
ratified 23 July 2008
Legal system:
based on Indian law and English common law; has not accepted compulsory ICJ jurisdiction
Suffrage:
18 years of age; universal
Executive branch:
chief of state: King Jigme Khesar Namgyel WANGCHUCK (since 14 December 2006); note - King Jigme Singye WANGCHUCK abdicated the throne on 14 December 2006 and his son immediately succeeded him head of government: Prime Minister Jigme THINLEY (since 9 April 2008) cabinet: Council of Ministers (Lhengye Shungtsog) nominated by the monarch, approved by the National Assembly; members serve fixed, five-year terms; note - there is also a Royal Advisory Council (Lodoi Tsokde), members nominated by the monarch elections: the monarch is hereditary, but democratic reforms in July 1998 grant the National Assembly authority to remove the monarch with two-thirds vote; election of a new National Assembly occurred in March 2008; the leader of the majority party is nominated as the prime minister
Legislative branch:
new bicameral Parliament consists of the non-partisan National Council (25 seats; 20 members elected by each of the 20 electoral districts (dzongkhags) for four-year terms and 5 members nominated by the King); and the National Assembly (47 seats; members elected by direct, popular vote for five-year terms) elections: National Council elections last held on 31 December 2007 and 29 January 2008 (next to be held by December 2012); National Assembly elections last held on 24 March 2008 (next to be held by March 2013) election results: National Council - NA; National Assembly - percent of vote by party - DPT 67%, PDP 33%; seats by party - DPT 45, PDP 2
Judicial branch:
Supreme Court of Appeal (the monarch); High Court (judges appointed by the monarch); note - the draft constitution establishes a Supreme Court, which will serve as chief court of appeal
Political parties and leaders:
Bhutan Peace and Prosperity Party (Druk Phuensum Tshogpa) or DPT
[Jigme THINLEY]; People's Democratic Party or PDP [Sangay NGEDUP]
Political pressure groups and leaders:
United Front for Democracy (exiled) other: Buddhist clergy; ethnic Nepalese organizations leading militant antigovernment campaign; Indian merchant community
International organization participation:
ADB, BIMSTEC, CP, FAO, G-77, IBRD, ICAO, IDA, IFAD, IFC, IMF,
Interpol, IOC, IOM (observer), ISO (correspondent), ITSO, ITU, NAM,
OPCW, SAARC, SACEP, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO,
WFTU, WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US:
none; note - the Permanent Mission to the UN for Bhutan has consular jurisdiction in the US; address: 763 First Avenue, New York, NY 10017; telephone [1] (212) 682–2268; FAX [1] (212) 661–0551 consulate(s) general: New York
Diplomatic representation from the US:
the US and Bhutan have no formal diplomatic relations, although informal contact is maintained between the Bhutanese and US Embassy in New Delhi (India)
Flag description:
divided diagonally from the lower hoist-side corner; the upper triangle is yellow and the lower triangle is orange; centered along the dividing line is a large black and white dragon facing away from the hoist side
Economy
Bhutan
Economy - overview:
The economy, one of the world's smallest and least developed, is based on agriculture and forestry, which provide the main livelihood for more than 60% of the population. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive. The economy is closely aligned with India's through strong trade and monetary links and dependence on India's financial assistance. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Model education, social, and environment programs are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. For example, the government, in its cautious expansion of the tourist sector, encourages visits by upscale, environmentally conscientious tourists. Detailed controls and uncertain policies in areas such as industrial licensing, trade, labor, and finance continue to hamper foreign investment. Hydropower exports to India had a major impact on growth in 2007.
GDP (purchasing power parity):
$3.359 billion (2007 est.)
GDP (official exchange rate):
$1.308 billion (2007 est.)
GDP - real growth rate:
22.4% (2007 est.)
GDP - per capita (PPP):
$5,200 (2007 est.)
GDP - composition by sector:
agriculture: 22.3% industry: 37.9% services: 39.8% (2006)
Labor force:
NA note: major shortage of skilled labor
Labor force - by occupation:
agriculture: 63% industry: 6% services: 31% (2004 est.)
Unemployment rate:
2.5% (2004)
Population below poverty line:
31.7% (2003)
Household income or consumption by percentage share:
lowest 10%: NA% highest 10%: NA%
Budget:
revenues: $272 million expenditures: $350 million note: the government of India finances nearly three-fifths of Bhutan's budget expenditures (2005)
Fiscal year:
1 July - 30 June
Public debt:
81.4% of GDP (2004)
Inflation rate (consumer prices):
4.9% (2007 est.)
Commercial bank prime lending rate:
14% (31 December 2007)
Stock of money:
$381.1 million (31 December 2007)
Stock of quasi money:
$220.3 million (31 December 2007)
Stock of domestic credit:
$169.9 million (31 December 2007)
Agriculture - products:
rice, corn, root crops,