Economy
IMF World Economic Outlook projects Bhutan’s growth rate at 3 per cent for 2024
The country’s GDP growth rate for 2022 was recorded at 5.21 per cent by the National Statistics Bureau. However, contrary...
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Wellness Medicinal Park brings hopes of economic prosperity
In a bid to boost economic prosperity and improve road infrastructure in their community, the residents of Chhoekhorling village in...
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World Bank Report Warns of Severe Economic Impacts due to Droughts
Water deficits are the new normal in many places, causing setbacks to economic growth and development. This is what the...
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New bypass to replace Shingkhar-Gorgan Highway underway
The infrastructure and transport minister says works are on track to build a new bypass which would connect Lhuentse’s Jarey...
Read moreDetailsFinance ministry exempts non-commercial handheld goods from taxes and duties
The finance ministry announced that any handheld goods that are not for commercial purposes will not be taxed when entering...
Read moreDetailsCountry received over 83,000 tourists in the last one year
It has been exactly one year since the country reopened its borders following the COVID-19 pandemic. It was reopened on...
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Services sector leads growth in 2022
Bhutan's economic landscape showed various trends, last year. According to the National Accounts Statistics report released by the National Statistics...
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TIWB initiative expects to boost Bhutan’s tax revenue
Taxes are the major contributor to Bhutan’s domestic revenue. However, experts say revenue from taxes can be boosted through strengthened...
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Punatsangchhu-II expected to commission in October next year
With the project nearing completion, the management of the Punatsangchu-II Project has started downsizing the number of its employees. In...
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Bhutan’s imports three times more than exports in Q1 2023
Bhutan imported over Nu 30bn worth of goods and services in the first three months of 2023. According to the...
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