Almost all the working population is involved in agriculture. The economy is therefore mainly one of subsistence. The main products are cereals and wood, though logging is strictly controlled as 60% of the land area is protected forest. There is some small-scale industry, mostly textiles, handicrafts and carpets.
Recent economic policy has concentrated on export industries, of which electric power generation and transmission is the major earner. Tourism and stamps are major sources of foreign exchange. Gross National Happiness, which measures the population's physical, emotional and spiritual well-being to help assess the country's 'wealth', is an official part of the constitution.
Bhutan is hoping to join the World Trade Organisation in 2009 and is a member of the South Asian Association for Regional Cooperation, which seeks to improve the region's economic and commercial links. The country receives substantial aid from India.