Author Topic: Economy of Nepal  (Read 535 times)

0 Members and 1 Guest are viewing this topic.

Offline NoBody

  • *
  • Posts: 2439
  • Reputation : 56
  • Gender: Male
Economy of Nepal
« on: February 12, 2007, 07:17:15 AM »
Economy - overview:
Nepal is among the poorest and least developed countries in the world with almost one-third 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 38% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Security concerns relating to the Maoist conflict have led to a decrease in tourism, a key source of foreign exchange. Nepal has considerable scope for exploiting its potential in hydropower and tourism, areas of recent foreign investment interest. Prospects for foreign trade or investment in other sectors will remain poor, however, because of the small size of the economy, its technological backwardness, its remoteness, its landlocked geographic location, its civil strife, and its susceptibility to natural disaster. 

GDP (purchasing power parity): $41.92 billion (2006 est.) 
GDP (official exchange rate): $7.154 billion (2006 est.) 
GDP - real growth rate: 5% (2006 est.) 
GDP - per capita (PPP): $1,500 (2006 est.) 
GDP - composition by sector: agriculture: 38%
industry: 21%
services: 41% (2005 est.) 
Labor force: 10.4 million
note: severe lack of skilled labor (2004 est.) 
Labor force - by occupation: agriculture: 76%
industry: 6%
services: 18% 
Unemployment rate: 42% (2004 est.) 
Population below poverty line: 31% (2003-2004) 
Household income or consumption by percentage share: lowest 10%: 2.6%
highest 10%: 39.1% (2003-2004) 
Distribution of family income - Gini index: 37.7 (FY04/05) 
Inflation rate (consumer prices): 7.8% (October 2005 est.) 
Budget: revenues: $1.153 billion
expenditures: $1.789 billion; including capital expenditures of $NA (FY05/06) 
Agriculture - products: rice, corn, wheat, sugarcane, root crops; milk, water buffalo meat 
Industries: tourism, carpet, textile; small rice, jute, sugar, and oilseed mills; cigarettes, cement and brick production 
Industrial production growth rate: 3.8% (FY04/05) 
Electricity - production: 2.565 billion kWh (2005) 
Electricity - production by source: fossil fuel: 8.5%
hydro: 91.5%
nuclear: 0%
other: 0% (2001) 
Electricity - consumption: 1.85 billion kWh (2005) 
Electricity - exports: 111 million kWh (2005) 
Electricity - imports: 241 million kWh (2005) 
Oil - production: 0 bbl/day (2004 est.) 
Oil - consumption: 11,980 bbl/day (2005 est.) 
Oil - exports: NA bbl/day 
Oil - imports: 11,760 bbl/day (2001 est.) 
Natural gas - production: 0 cu m (2004 est.) 
Natural gas - consumption: 0 cu m (2004 est.) 
Exports: $822 million f.o.b.; note - does not include unrecorded border trade with India (2005 est.) 
Exports - commodities: carpets, clothing, leather goods, jute goods, grain 
Exports - partners: India 53.7%, US 17.4%, Germany 7.1% (2005) 
Imports: $2 billion f.o.b. (2005 est.) 
Imports - commodities: gold, machinery and equipment, petroleum products, fertilizer 
Imports - partners: India 47.7%, UAE 11.2%, China 10.8%, Saudi Arabia 4.9%, Kuwait 4.2% (2005) 
Debt - external: $3.34 billion (March 2005) 
Economic aid - recipient: $424 million (FY00/01) 
Currency (code): Nepalese rupee (NPR) 
Currency code: NPR 
Exchange rates: Nepalese rupees per US dollar - 71.368 (2005), 73.674 (2004), 76.141 (2003), 77.877 (2002) 
Fiscal year: 16 July - 15 July 
Communications Nepal
Telephones - main lines in use: 448,600 (2005) 
Telephones - mobile cellular: 248,800 (2005) 
Telephone system: general assessment: poor telephone and telegraph service; fair radiotelephone communication service and mobile cellular telephone network
domestic: NA
international: country code - 977; radiotelephone communications; microwave landline to India; satellite earth station - 1 Intelsat (Indian Ocean) 
Radio broadcast stations: AM 6, FM 5, shortwave 1 (January 2000) 
Radios: 840,000 (1997) 
Television broadcast stations: 1 (plus 9 repeaters) (1998) 
Televisions: 130,000 (1997) 
Internet country code: .np 
Internet hosts: 17,789 (2006) 
Internet Service Providers (ISPs): 6 (2000) 
Internet users: 175,000 (2005) 
Transportation Nepal
Airports: 48 (2006) 
Airports - with paved runways: total: 10
over 3,047 m: 1
914 to 1,523 m: 7
under 914 m: 2 (2006) 
Airports - with unpaved runways: total: 38
1,524 to 2,437 m: 1
914 to 1,523 m: 8
under 914 m: 29 (2006) 
Railways: total: 59 km
narrow gauge: 59 km 0.762-m gauge (2005) 
Roadways: total: 17,380 km
paved: 9,886 km
unpaved: 7,494 km (2004) 
« Last Edit: March 01, 2007, 08:11:34 AM by mockinbrd »
I am Nobody.

Offline haku Black

  • alchi ko pinda
  • *
  • Posts: 19535
  • Reputation : 10
  • Gender: Male
  • nepali
    • sports unlimited
Re: Economy of Nepal
« Reply #1 on: February 12, 2007, 09:29:11 AM »
owoowowow super info bro ekdam useful to us ekdam ramro lagyo to see such a nice info here

Offline naughtyboy

  • *
  • Posts: 12683
  • Reputation : 60
  • Gender: Male
Re: Economy of Nepal
« Reply #2 on: June 02, 2007, 10:46:38 AM »
nice info.
dEAd  mAn  wAlkiNg

 


Host By::Love Nepal Network SMF 2.0.2 | SMF © 2011, Simple Machines Our Privacy Policy & Terms of Use