Bhutan: 2025 Article IV Consultation-Press Release; and Staff Report
January 27, 2026
Summary
Social conditions have improved significantly in the last decade, raising Bhutan’s
living standards while inequality and poverty have declined. The economy has been
recovering from the pandemic shock, but external imbalances remain and reserves are still
below pre-pandemic levels. Growth is strong, driven by hydropower projects, but
emigration among the youth remains a challenge.
living standards while inequality and poverty have declined. The economy has been
recovering from the pandemic shock, but external imbalances remain and reserves are still
below pre-pandemic levels. Growth is strong, driven by hydropower projects, but
emigration among the youth remains a challenge.
Subject: Debt service, Debt sustainability analysis, Exports, External debt, International trade, Public debt
Keywords: Debt service, Debt sustainability analysis, Exports
Pages:
83
Volume:
2026
DOI:
Issue:
019
Series:
Country Report No. 2026/019
Stock No:
1BTNEA2026001
ISBN:
9798229035552
ISSN:
1934-7685





