Bhutan has made progress in modernizing its economic structure and reducing poverty. The public sector has long been the main source of economic growth, Bhutan has been making progress in modernizing its economic structure and reducing poverty. Bhutan's economy grew by 6.4% in 2016, slightly higher than the 6.1% in 2015. Bhutan's growth is projected to accelerate to 8.2% in 2017, and forecast to surge to 9.9% in 2018. By the end of 2015, the size of our economy was Nu 132.000 billion, which translates to a per capita income of Nu 172,814 considering the total population of 768,577. The overall trade imbalance of Bhutan is Nu 32.10 bn.
Bhutan’s economy is mostly based on agriculture, which together with livestock keeping is the main source of livelihood for over 80% of the population. Hydroelectric power is Bhutan’s largest export product.
Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth.