Bhutan: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan
IMF Staff Country Reports, October 30, 2018
Source details
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- Bhutan: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan
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Bibliographic details
- Published: October 30, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484382073.002
Economic performance and poverty reduction
- Poverty declined from 12 percent in 2012 to 8.2 percent (2018).
- Extreme poverty fell to 1.5 percent (2018).
- Per capita incomes at nearly US$3,600 in 2018, up from US$1,100 in 2004.
- Growth averaged 6 percent over the 11th Five Year Plan.
- 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.
Structural drivers and outlook
- Hydropower project construction activity is a key driver of the recent high growth cycle and its slowdown is linked to the expected deceleration in FY2018.
- The country is poised to transition to middle-income status given recent per capita income gains.
Subjects and macroeconomic areas covered
- Debt service
- Exports
- External debt
- International trade
- Public and publicly-guaranteed external debt
- Public debt
- Taxes
- Value-added tax
Keywords and indicators referenced
- 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
International Monetary Fund. Asia and Pacific Dept "Bhutan: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan", IMF Staff Country Reports 2018, 300 (2018).
Content in this bundle
- Country Report