Political Highlights Economic Trend 2017 2018 2019* 2020^ 2021^ 2.4

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Political Highlights Economic Trend 2017 2018 2019* 2020^ 2021^ 2.4

Political Highlights Government type Constitutional monarchy Chief of state King Jigme Khesar Namgyel Wangchuck Head of government Prime Minister Lotay Tshering Elections/appointments The cabinet is nominated by the monarch in consultation with the prime minister and approved by the National Assembly. Next election for the National Council (upper council) and National Assembly (lower council) scheduled for 2023. Legal system Civil law Legislative branch Bicameral Parliament (25-seat National Council and 47-seat National Assembly) Major political parties Druk Nyamrup Tshogpa; Druk Phuensum Tshogpa; People's Democratic Party. Economic Trend Economic Indicators 2017 2018 2019* 2020^ 2021^ Nominal GDP (USD bn) 2.4 2.6 2.8 3 3.2 Real GDP growth (%) 6.3 3.7 5.3 2.7 2.9 GDP per capita (USD) 2,938 3,160 3,423 3,533 3,787 Inflation (%) 5.4 2.7 2.6 3.1 3.5 Current account balance (% of GDP) -23.6 -19.5 -23.1 -21.3 -20.2 General government debt (% of GDP) 108 102.4 108.6 105.7 101 * Estimate ^ Forecast Hong Kong Total Exports to Bhutan (HK$ mn) Hong Kong Total Exports to Bhutan Year Bolivia World (World) (Bhutan) 2010 6 3,031,019 4500000 35 2011 5 3,337,253 4000000 2012 10 3,434,346 30 2013 31 3,559,686 3500000 2014 10 3,672,751 25 2015 6 3,605,279 3000000 World 2016 8 3,588,247 2500000 20 2017 21 3,875,898 Bhutan (HK$ (HK$ mn) 2018 11 4,158,106 2000000 15 2019 30 3,988,685 1500000 10 1000000 5 500000 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Hong Kong Exports to Bhutan by Product Hong Kong Exports to Bhutan by Product (2019) (% share) Electrical Product 2019 machinery, Telecommunications and sound recording apparatus and 48.6 appliances and and reproducing apparatus and equipment electrical parts Electrical machinery, apparatus & appliances 6.0 Telecommunication thereof 6% s and sound Office machines and electrical parts thereof recording and Office machines and automatic data and automatic data 4.0 reproducing processing processing machines apparatus and machines Photographic apparatus, equipment and equipment 2.7 4% supplies and optical goods; watches and 48% clocks Photographic Professional, scientific and controlling 1.6 apparatus, Others 37.1 equipment and supplies and optical Total 100.0 goods; watches and clocks 3% Professional, scientific and Others controlling 37% instruments and apparatus 2%.

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