The Bhutan We Think We Know

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FAQ

Does Bhutan have more monks than bankers?

Yes — by a wide margin. Bhutan's state-supported monastic body numbers about 7,408 monks, while all five commercial banks plus the digital bank together employ roughly 3,000–3,500 people. That is two to two-and-a-half times more monks than bankers — a small but telling snapshot of where a young state still concentrates its institutional weight.

The figure is not a criticism of the monastic body — it is publicly funded for good cultural reasons. It is a measure of relative scale: the formal banking workforce that is meant to channel a fast-growing savings base into productive lending is smaller than the clergy.

02,0004,0006,0008,00010,00012,00014,000Bhutanese employed (NSB 2022)Banking sector · all six banksMonastic body · Dratshang LhentshogPublic education (teachers + admin)Public health (doctors, nurses, all)12,5667,4086,069~3,250Bhutan employs 2.3 times more monks than bankersSectoral headcount, Bhutan, NSB Labour Force Survey 2022 + RMA Annual Supervision 2024.
Source NSB Labour Force Survey 2022 (Monastic Education 7,408; Education 12,566; Health 6,069); RMA Annual Supervision Report 2024 (banking-sector headcount ~3,000–3,500, midpoint 3,250).

Read alongside the country’s idle deposits and thin capital markets, the monks-versus-bankers comparison is a vivid way into a serious point about where Bhutan’s financial machinery sits today. The full context is in Paradox #22.

Primary sources