BHUTAN’S ECONOMY MAINTAINS ROBUST

GROWTH
Introduction

• Due to the COVID-19 pandemic, Bhutan's economy

has declined significantly.
• There was a -3.4% shrink during the COVID-19
pandemic.
• The World Bank has predicted that Bhutan’s
economy will rebound to 4.9% in the FY 2023-24 on
the 3rd of May 2024.
How the COVID-19 pandemic
affected the Bhutanese economy?

• With the rise of the COVID-19 pandemic the

Bhutanese economy has suffered many
complications such as:
• Import of food
• Unemployment
• Fall in GDP
• The tourism industry
What is the prediction of
the World Bank based on?

• The bank noted that growth is expected

particularly in tourism-related services
and the industrial sector, driven by a
gradual rise in mining and
manufacturing activities, particularly in
base metals.
(Kuensel, "Bhutan's Economy to Rebound
to 4.9 Percent in FY 2023-24: WB")
What kind of impact will this
news have on the country?
• This will make a meaningful difference in the nation
which has recently come out as a developed nation.
• The forecast on the rise of GDP will make the
citizens to be motivated and boost their morale as a
developed nation.
Reference

• Zangpo, Thukten. "Bhutan’s Economy to Rebound to 4.9 Percent in FY 2023-

24: WB." Kuensel Online, May 4, 2024.
https://kuenselonline.com/bhutans-economy-to-rebound-to-4-9-percent-in-fy
-2023-24-wb/
.
• World Bank. "Bhutan’s Economy Maintains Robust Growth Despite Challenges."
News release, May 2, 2024. World Bank.
https://www.worldbank.org/en/news/press-release/2024/05/02/bhutan-s-ec
onomy-maintains-robust-growth-despite-challenges
.
• Asian Development Bank. "Bhutan’s Economy to Shrink in 2021 but Expected
to Rebound in 2022 — ADB." News release, April 29, 2021. Asian Development
Bank. https://www.adb.org/news/
bhutan-economy-shrink-2021-expected-rebound-2022-adb.
THANK YOU