Bhutan: 2025 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, January 27, 2026
Source details
- Canonical URL
- Bhutan: 2025 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: January 27, 2026
- Series: IMF Staff Country Reports
- Volume: 2026
- Issue: 019
- Pages: 83
- DOI: https://doi.org/10.5089/9798229035552.002
- Stock No: 1BTNEA2026001
Key findings and macroeconomic assessment
- 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.
- Emigration among the youth remains a challenge.
Subject areas and keywords
- Subject: Expenditure, External debt, Public debt, Revenue administration
- Keywords: accounts statistics, downside risk, exchange restriction, foreign currency resource, fund relation, Global, IMF executive board, repayment liability
Content in this bundle
- Bhutan’s Tax Reforms