Country risk rating


SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD2.54bn (World ranking 176, World Bank 2018)
Population 0.75mn (World ranking 163, World Bank 2018)
Form of state Constitutional Monarchy
Head of government Lotay TSHERING (Prime Minister)
Next elections 2023, legislative
  • Significant hydropower potential that will continue boosting the economy, thanks to two new, important projects
  • Stable democracy with a low level of perceived corruption
  • Adequate perception of the rule of law
  • Landlocked, remote and isolated country in the middle of the Himalayas
  • Rising dependency on hydropower exports to India
  • Persistently large annual current account deficits
  • High and rising level of external debt (116% of GDP in 2018)

Contact Euler Hermes

Economic Research Team