The Thirteenth Five-Year Plan (2024-2029) guides Bhutan's development during a critical period including LDC graduation, the Gelephu Mindfulness City project, post-COVID economic recovery, and the ongoing digital transformation.
Overview
The Thirteenth Five-Year Plan (2024–2029), unveiled on 15 June 2024, is unique in Bhutan's planning history as rapid economic growth is the central objective for the first time. The long-term goal is to transform Bhutan into a High-Income GNH Economy by 2034.[1]
Framework: The "3Ps"
The plan emphasises three interconnected pillars — People, Progress, and Prosperity — within the imperatives of sustainability, including maintaining at least 60% forest coverage and remaining carbon neutral.[1]
Key Targets
- GDP: Increase from approximately US$3 billion to US$5 billion by 2029[2]
- GDP per capita: From US$3,833 to above US$6,174 — a 62% increase[2]
- Employment: Full employment by 2027; quadruple income of bottom 40% by 2030[1]
- Education: 50% of workforce with higher education or vocational skills by 2029[1]
- Entrepreneurship: 10,000 new Bhutanese-owned businesses by 2030[1]
References
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