According to commit4fitness, Bhutan is a small nation in South Asia with an economy that is largely based on agriculture and hydropower. The country has a thriving services sector which includes banking and finance, real estate, insurance and professional services. Additionally, Bhutan also has an established manufacturing base which produces food products, apparel and chemicals. The government of Bhutan has invested heavily in infrastructure projects such as roads, railways and airports which have helped to improve access to markets across the region. Furthermore, Bhutan also has a well-developed financial sector which offers a wide range of services including asset management, private banking and wealth management. Additionally, Bhutan is home to several large international companies such as Drukair Corporation Limited and RUBIS Energy Bhutan Ltd.
According to Countryaah, agriculture at the self-sufficiency level is the dominant industry in Bhutan. The most important crops are rice, maize, wheat, barley and potatoes. Buckwheat and millet are grown with sweat. Fruit is the main forage crop. Rice is imported, as domestic production does not meet the need. Most farmers keep livestock: hunt and sheep at the higher levels, cattle, pigs and chickens elsewhere.
- According to abbreviationfinder, BT is the 2 letter abbreviation for the country of Bhutan.
More than half of the country’s area is covered by forest. Timber is an important export product, and a developed forest industry is one of Bhutan’s most important potential sources of income. The state-organized forestry is characterized by high ecological awareness, and comparatively large funds are invested in education and replanting. Nevertheless, the pressure on the environment can be great. In the mountainous regions, the population is small in relation to the total area. However, it can be large in relation to the cultivable area, three to four times larger than in the lowlands. The cultivation is therefore forced up on steeper slopes, which causes loss of forest and soil, followed by rapid drainage and flooding.
The country is rich in biodegradable natural resources, but only small quantities are extracted for environmental reasons. Mainly, coal, copper and calcium carbide are extracted, the latter being one of the country’s most important export products. Bhutan has several hydropower plants, and the country exports electrical energy to, among other things. India. Furthermore, there are a few cement factories and a growing number of small industries, mainly for processing forest and agricultural products. A high-quality craft produces fabrics, forged silver objects and wood carvings.
Business is very strongly linked to India. The country’s balance of payments is entirely dependent on foreign aid, which also comes largely from India.
Demography and economic geography. – Inner state of south-central Asia, located in the southern slope of the Himalayan range. With its 753,947 residents in 2014, according to an estimate by UNDESA (United Nations Department of Economic and Social Affairs), the country has an economy still largely based on agriculture and livestock, which provide the main sustenance for more than half of the population. The slow growth of the other sectors is attributable, for the secondary sector, to the production of electricity and construction activities and, for the tertiary sector, to semi-state services. The country, known for the introduction of the Gross Domestic Happiness Index (FIL), a concept linked to the attempt to build indicators corresponding to the notion of well-being in a broad sense, plays a significant role in the international forums for the post-2015 agenda. to the Millennium development goals. Hosting one of the ecosystems characterized by the greatest biodiversity in the world, since 2010 the country has undertaken tourism policies aimed at reconciling rural development with the protection of the environment and culture.