Bhutan

Start with hydropower, public investment, tourism, agriculture, and Indian trade. Those sectors explain where income, jobs, tax receipts, and external financing pressure are most likely to show up first ^S1,S4.

Then separate domestic movement from external shocks. For Bhutan, the external file is India electricity demand, rupee liquidity, tourism arrivals, food imports, and project finance; each item can move demand, prices, reserves, public finance, or bank balance sheets before the broad data turn ^S2,S4,S5.

Currency: Bhutanese ngultrum, pegged to the Indian rupee; monetary and financial policy are led by the Royal Monetary Authority. The monetary setting matters because it tells the reader whether adjustment comes through interest rates, reserves, fiscal policy, credit controls, or imported-price pressure ^S2,S4.

The profile uses a strict source order. National releases control the country story; IMF and World Bank values are used to compare Bhutan with peers on the same definitions ^S1,S4,S5.

Use IMF values for cross-country comparison, then check the national source before quoting a latest release. That rule is especially important for small states, monetary unions, dollarized economies, and territories where regional data can look cleaner than the national release but answer a different question ^S1,S2,S4.

The fact file is dated because these numbers move. Treat any growth, inflation, unemployment, debt, or current-account statement as a release-sensitive claim, not a permanent description ^{S1,S6,S7,S8,S9}.