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Nepal Economy 2014
http://www.theodora.com/wfbcurrent/nepal/nepal_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 28, 2014

Economy - overview:
Nepal is among the poorest and least developed countries in the world, with about one-quarter of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for three-fourths of the population and accounting for a little over one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. Nepal has considerable scope for exploiting its potential in hydropower, with an estimated 42,000 MW of feasible capacity, but political instability hampers foreign investment. Additional challenges to Nepal's growth include its landlocked geographic location, civil strife and labor unrest, and its susceptibility to natural disaster.

GDP (purchasing power parity):
$40.03 billion (2012 est.)
country comparison to the world: 102

$38.17 billion (2011 est.)
$36.91 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$18.7 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.9% (2012 est.)
country comparison to the world: 70

3.4% (2011 est.)
4.8% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,500 (2012 est.)
country comparison to the world: 202

$1,400 (2011 est.)
$1,400 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 76%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 10.7%
investment in fixed capital: 20%
investment in inventories: 14.9%
exports of goods and services: 10%
imports of goods and services: -31.8%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 38.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 15.3%
services: 46.6% (2012 est.)

Agriculture - products:
pulses, rice, corn, wheat, sugarcane, jute, root crops; milk, water buffalo meat

Industries:
tourism, carpets, textiles; small rice, jute, sugar, and oilseed mills; cigarettes, cement and brick production

Industrial production growth rate:
3% (2012 est.)
country comparison to the world: 87
[see also: Industrial production growth rate country ranks ]

Labor force:
18 million
country comparison to the world: 36
note: severe lack of skilled labor (2009 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 7%
services: 18% (2010 est.)

Unemployment rate:
46% (2008 est.)
country comparison to the world: 192

42% (2004 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
25.2% (2011 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 29.5% (2011)

Distribution of family income - Gini index:
32.8 (2010)
country comparison to the world: 100

47.2 (2008 est.)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $3.5 billion
[see also: Budget revenues country ranks ]
expenditures: $4.7 billion (FY11/12)

Taxes and other revenues:
18.7% of GDP (FY11/12)
country comparison to the world: 174
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.4% of GDP (FY11/12)
country comparison to the world: 180
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
16 July - 15 July

Inflation rate (consumer prices):
9.5% (2012 est.)
country comparison to the world: 196

9.5% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6% (31 December 2010 est.)
country comparison to the world: 51

6.5% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
8% (31 December 2012 est.)
country comparison to the world: 116

8% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.104 billion (31 December 2012 est.)
country comparison to the world: 115

$2.723 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$12.12 billion (31 December 2011 est.)
country comparison to the world: 98

$12.14 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$11.88 billion (31 December 2012 est.)
country comparison to the world: 93

$10.67 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$4.529 billion (31 December 2011 est.)
country comparison to the world: 84

$4.843 billion (31 December 2010)
$5.485 billion (31 December 2009 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$283.9 million (2012 est.)
country comparison to the world: 49

$49 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$1.004 billion (2012 est.)
country comparison to the world: 156

$998.9 million (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, pulses, carpets, textiles, juice, pashima, jute goods

Exports - partners:
India 59.1%, US 9.3%, Germany 4.1% (2012)

Imports:
$5.951 billion (2012 est.)
country comparison to the world: 121

$5.665 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum products, machinery and equipment, gold, electrical goods, medicine

Imports - partners:
India 52.3%, China 33.6% (2012)

Reserves of foreign exchange and gold:
$4.339 billion (31 December 2012 est.)
country comparison to the world: 97

$3.655 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$3.956 billion (31 December 2011 est.)
country comparison to the world: 129

$3.673 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Nepalese rupees (NPR) per US dollar -

85.197 (2012 est.)
74.02 (2011 est.)
73.16 (2010 est.)
77.44 (2009)
65.21 (2008)


NOTE: The information regarding Nepal on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2014 information contained here. All suggestions for corrections of any errors about Nepal Economy 2014 should be addressed to the CIA.



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