Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Economic growth slows down in 2018

December 14, 2019
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The country’s economic growth has slowed in 2018 according to the National Statistics Bureau (NSB). The NSB has attributed the effect to lower productivity in the electricity and construction sector. GDP growth last year, at 3.03 per cent, is the second-lowest ever recorded. 

The NSB’s National Accounts Statistics 2019 states electricity, construction, general government administration, and forestry and logging all experienced negative growth, which led to the slowdown. The sectors which slowed down makes up over 35 per cent of the GDP.

The GDP growth rate of 3.03 per cent in 2018 is 1.62 per cent lower than in 2017. However, despite the slow growth rate, the gross domestic product in nominal terms increased by almost Nu 8bn. The GDP per capita also increased by 3.19 per cent to close to Nu 230,000.

Gross national savings saw a slight increase of 0.85 per cent. However, the sluggish increase in national savings was not able to meet the investment requirements of the economy. While investment required was Nu 79.4bn, the national savings only amounted to about Nu 42bn.

The consistent increase in the final consumption expenditure of households and the government, coupled with a poor net inflow of primary income from abroad led to the sluggish increase in national savings.

 Among the major economic sectors, the primary sector, which includes agriculture, livestock, and forestry grew by 1.41 per cent. The tertiary sector, which is the service sector, saw growth of almost Nu 10bn. However, the secondary sector, which has a 38 per cent share of the economy recorded a negative growth rate of -2.06 per cent.

Within the secondary sector, the construction sector, which is one of the key sectors of the economy has continuously recorded negative growth rates for the past two years with no signs of improvement to date. However, with the commissioning of the Mangdechhu Hydropower Project, 2019 numbers are expected to improve.

Sherub Dorji

Previous Post

Thimphu all set to celebrate 112th National Day

Next Post

His Holiness administers Lhabsang at medicinal herb plantation site in Sarpang

Next Post

His Holiness administers Lhabsang at medicinal herb plantation site in Sarpang

Fire destroys Principal's quarter in Thinleygang

Celebrating the indigenous cuisines

Please login to join discussion

RECOMMENDED NEWS

Need for regular inspection and monitoring of buses at Nangar- Bumthang

Need for regular inspection and monitoring of buses at Nangar- Bumthang

3 years ago
6
Students team to represent Bhutan at international robotics competition

Students team to represent Bhutan at international robotics competition

2 years ago
37
New irrigation project to resolve water shortages in two chiwogs in Singye Gewog, Sarpang

New irrigation project to resolve water shortages in two chiwogs in Singye Gewog, Sarpang

2 months ago
258
People buying more cars despite tax revision

People buying more cars despite tax revision

10 years ago
4

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.