• GDP: US$1.3 billion (2007).
• Main exports: Electric power generation and transmission, essential oils and handicrafts.
• Main imports: Fuel and lubricants, machinery and parts, vehicles, fabrics and grain.
• Main trade partner: India.

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.

Lightweight suit or a shirt and tie for the south. In the capital, a full business suit and tie are recommended. The best time to visit for business is October and November.

Bhutan Chamber of Commerce and Industry
PO Box 147, Doebum Lam, Thimphu, Bhutan
Tel: (2) 322 742 or 324 254.
Website: www.bcci.org.bt

The BTCL can offer advice on conferences/conventions (see Contact Addresses).