A backlight unit and a display device having heat dissipating layer, and a method for manufacturing the heat dissipating layer are provided. A backlight unit includes a light source for emitting a light; a reflector below the light source for reflecting the light emitted from the light source and absorbing heat generated by the light source; and a heat dissipating layer including thermal conductive particles, the heat dissipating layer being disposed on a first surface of the reflector for dissipating the heat transferred to the reflector.