The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
Bhutan has evolved from a closed economy to a trading nation that exhibits a high degree of dependence on trade. Exports have grown rapidly but overall the country's trade deficit continues to widen owing to an even faster growth in the value of imports. The manufacturing and industry sector is constrained by various factors that impede its further development. FDI and joint ventures are some of the mechanisms that must be actively promoted to help jump start the process.