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 about one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. During the global recession of 2009, remittances from foreign workers abroad increased 47% to $2.8 billion while tourist arrivals only decreased 1% compared to the previous year. 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 technological backwardness, landlocked geographic location, civil strife and labor unrest, and its susceptibility to natural disaster.
GDP (purchasing power parity):$33.26 billion (2009 est.)
$31.77 billion (2008 est.)
$30.17 billion (2007 est.) note: data are in 2009 US dollars [see also: GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):$12.47 billion (2009 est.) [see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:4.7% (2009 est.)
5.3% (2008 est.)
3.3% (2007 est.) [see also: GDP - real growth rate country ranks ]
GDP - per capita (PPP):$1,200 (2009 est.)
$1,100 (2008 est.)
$1,100 (2007 est.) note: data are in 2009 US dollars [see also: GDP - per capita country ranks ]
GDP - composition by sector:agriculture: 35% [see also: GDP - composition by sector - agriculture country ranks ] industry: 16% [see also: GDP - composition by sector - industry country ranks ] services: 49% (FY07 est.) [see also: GDP - composition by sector - services country ranks ]
Labor force:18 million note: severe lack of skilled labor (2008 est.) [see also: Labor force country ranks ]
Labor force - by occupation:agriculture: 76% [see also: Labor force - by occupation - agriculture country ranks ] industry: 6% [see also: Labor force - by occupation - industry country ranks ] services: 18% (2004 est.) [see also: Labor force - by occupation - services country ranks ]
Unemployment rate:46% (2008 est.)
42% (2004 est.) [see also: Unemployment rate country ranks ]
Population below poverty line:24.7% (2004) [see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:lowest 10%: 6% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] highest 10%: 40.6% (2006) [see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:47.2 (2008)
36.7 (1996) [see also: Distribution of family income - Gini index country ranks ]
Budget:revenues: $2.3 billion [see also: Budget - revenues country ranks ] expenditures: $3.7 billion (FY08) [see also: Budget - expenditures country ranks ]
Inflation rate (consumer prices):13.2% (September 2009 est.)
7.7% (2007 est.) [see also: Inflation rate (consumer prices) country ranks ]
Central bank discount rate:6.5% (31 December 2008)
6.25% (31 December 2007) [see also: Central bank discount rate country ranks ]
Commercial bank prime lending rate:NA% (31 December 2008) [see also: Commercial bank prime lending rate country ranks ]
Stock of money:$2.106 billion (31 December 2008)
$2.184 billion (31 December 2007) [see also: Stock of money country ranks ]
Stock of quasi money:$6.99 billion (31 December 2008)
$4.745 billion (31 December 2007) [see also: Stock of quasi money country ranks ]
Stock of domestic credit:$5.556 billion (31 December 2008)
$5.636 billion (31 December 2007) [see also: Stock of domestic credit country ranks ]
Market value of publicly traded shares:$5.5 billion (31 December 2008)
$4.909 billion (31 December 2007)
$1.805 billion (31 December 2006) [see also: Market value of publicly traded shares country ranks ]
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:1.8% (FY08) [see also: Industrial production growth rate country ranks ]
Electricity - production:2.6 billion kWh (2007 est.) [see also: Electricity - production country ranks ]
Electricity - consumption:2.243 billion kWh (2007 est.) [see also: Electricity - consumption country ranks ]
Electricity - exports:0 kWh (2007 est.) [see also: Electricity - exports country ranks ]
Electricity - imports:213 million kWh (2008 est.) [see also: Electricity - imports country ranks ]
Oil - production:0 bbl/day (2008 est.) [see also: Oil - production country ranks ]
Oil - consumption:18,000 bbl/day (2008 est.) [see also: Oil - consumption country ranks ]
Oil - exports:0 bbl/day (2007 est.) [see also: Oil - exports country ranks ]
Oil - imports:16,920 bbl/day (2007 est.) [see also: Oil - imports country ranks ]
Oil - proved reserves:0 bbl (1 January 2009 est.) [see also: Oil - proved reserves country ranks ]
Natural gas - production:0 cu m (2008 est.) [see also: Natural gas - production country ranks ]
Natural gas - consumption:0 cu m (2008 est.) [see also: Natural gas - consumption country ranks ]
Natural gas - exports:0 cu m (2008 est.) [see also: Natural gas - exports country ranks ]
Natural gas - imports:0 cu m (2008 est.) [see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:0 cu m (1 January 2009 est.) [see also: Natural gas - proved reserves country ranks ]
Current account balance:$537 million (2009 est.)
$241 million (2007) [see also: Current account balance country ranks ]
Exports:$907 million (2008 est.)
$868 million (2006) [see also: Exports country ranks ]
Exports - commodities:clothing, pulses, carpets, textiles, juice, pashima, jute goods
Exports - partners:India 59.2%, US 8.7%, Bangladesh 8.3%, Germany 4.3% (2008)
Imports:$3.626 billion (2009 est.)
$3.229 billion (2006) [see also: Imports country ranks ]
Imports - commodities:petroleum products, machinery and equipment, gold, electrical goods, medicine
Imports - partners:India 55.4%, China 13.3%, Singapore 2% (2008)
Debt - external:$4.5 billion (2009 est.)
$3.285 billion (March 2006 est.) [see also: Debt - external country ranks ]
Stock of direct foreign investment - at home:$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 - 77.44 (2009), 65.21 (2008), 70.35 (2007), 72.446 (2006), 72.16 (2005)
NOTE: The information regarding Nepal on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2010 information contained here. All suggestions for corrections of any errors about Nepal Economy 2010 should be addressed to the CIA
GDP (purchasing power parity):$33.26 billion (2009 est.)
$31.77 billion (2008 est.)
$30.17 billion (2007 est.) note: data are in 2009 US dollars [see also: GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):$12.47 billion (2009 est.) [see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:4.7% (2009 est.)
5.3% (2008 est.)
3.3% (2007 est.) [see also: GDP - real growth rate country ranks ]
GDP - per capita (PPP):$1,200 (2009 est.)
$1,100 (2008 est.)
$1,100 (2007 est.) note: data are in 2009 US dollars [see also: GDP - per capita country ranks ]
GDP - composition by sector:agriculture: 35% [see also: GDP - composition by sector - agriculture country ranks ] industry: 16% [see also: GDP - composition by sector - industry country ranks ] services: 49% (FY07 est.) [see also: GDP - composition by sector - services country ranks ]
Labor force:18 million note: severe lack of skilled labor (2008 est.) [see also: Labor force country ranks ]
Labor force - by occupation:agriculture: 76% [see also: Labor force - by occupation - agriculture country ranks ] industry: 6% [see also: Labor force - by occupation - industry country ranks ] services: 18% (2004 est.) [see also: Labor force - by occupation - services country ranks ]
Unemployment rate:46% (2008 est.)
42% (2004 est.) [see also: Unemployment rate country ranks ]
Population below poverty line:24.7% (2004) [see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:lowest 10%: 6% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] highest 10%: 40.6% (2006) [see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:47.2 (2008)
36.7 (1996) [see also: Distribution of family income - Gini index country ranks ]
Budget:revenues: $2.3 billion [see also: Budget - revenues country ranks ] expenditures: $3.7 billion (FY08) [see also: Budget - expenditures country ranks ]
Inflation rate (consumer prices):13.2% (September 2009 est.)
7.7% (2007 est.) [see also: Inflation rate (consumer prices) country ranks ]
Central bank discount rate:6.5% (31 December 2008)
6.25% (31 December 2007) [see also: Central bank discount rate country ranks ]
Commercial bank prime lending rate:NA% (31 December 2008) [see also: Commercial bank prime lending rate country ranks ]
Stock of money:$2.106 billion (31 December 2008)
$2.184 billion (31 December 2007) [see also: Stock of money country ranks ]
Stock of quasi money:$6.99 billion (31 December 2008)
$4.745 billion (31 December 2007) [see also: Stock of quasi money country ranks ]
Stock of domestic credit:$5.556 billion (31 December 2008)
$5.636 billion (31 December 2007) [see also: Stock of domestic credit country ranks ]
Market value of publicly traded shares:$5.5 billion (31 December 2008)
$4.909 billion (31 December 2007)
$1.805 billion (31 December 2006) [see also: Market value of publicly traded shares country ranks ]
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:1.8% (FY08) [see also: Industrial production growth rate country ranks ]
Electricity - production:2.6 billion kWh (2007 est.) [see also: Electricity - production country ranks ]
Electricity - consumption:2.243 billion kWh (2007 est.) [see also: Electricity - consumption country ranks ]
Electricity - exports:0 kWh (2007 est.) [see also: Electricity - exports country ranks ]
Electricity - imports:213 million kWh (2008 est.) [see also: Electricity - imports country ranks ]
Oil - production:0 bbl/day (2008 est.) [see also: Oil - production country ranks ]
Oil - consumption:18,000 bbl/day (2008 est.) [see also: Oil - consumption country ranks ]
Oil - exports:0 bbl/day (2007 est.) [see also: Oil - exports country ranks ]
Oil - imports:16,920 bbl/day (2007 est.) [see also: Oil - imports country ranks ]
Oil - proved reserves:0 bbl (1 January 2009 est.) [see also: Oil - proved reserves country ranks ]
Natural gas - production:0 cu m (2008 est.) [see also: Natural gas - production country ranks ]
Natural gas - consumption:0 cu m (2008 est.) [see also: Natural gas - consumption country ranks ]
Natural gas - exports:0 cu m (2008 est.) [see also: Natural gas - exports country ranks ]
Natural gas - imports:0 cu m (2008 est.) [see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:0 cu m (1 January 2009 est.) [see also: Natural gas - proved reserves country ranks ]
Current account balance:$537 million (2009 est.)
$241 million (2007) [see also: Current account balance country ranks ]
Exports:$907 million (2008 est.)
$868 million (2006) [see also: Exports country ranks ]
Exports - commodities:clothing, pulses, carpets, textiles, juice, pashima, jute goods
Exports - partners:India 59.2%, US 8.7%, Bangladesh 8.3%, Germany 4.3% (2008)
Imports:$3.626 billion (2009 est.)
$3.229 billion (2006) [see also: Imports country ranks ]
Imports - commodities:petroleum products, machinery and equipment, gold, electrical goods, medicine
Imports - partners:India 55.4%, China 13.3%, Singapore 2% (2008)
Debt - external:$4.5 billion (2009 est.)
$3.285 billion (March 2006 est.) [see also: Debt - external country ranks ]
Stock of direct foreign investment - at home:$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 - 77.44 (2009), 65.21 (2008), 70.35 (2007), 72.446 (2006), 72.16 (2005)
NOTE: The information regarding Nepal on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2010 information contained here. All suggestions for corrections of any errors about Nepal Economy 2010 should be addressed to the CIA
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