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    Nepal Index 2006

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    Nepal Economy - 2006
    https://theodora.com/wfbcurrent/nepal/nepal_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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):
      $42.26 billion (2005 est.)

      GDP (official exchange rate):
      $6.627 billion (2005 est.)

      GDP - real growth rate:
      2.5% (2005 est.)

      GDP - per capita (PPP):
      $1,500 (2005 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 - consumption:
      1.85 billion kWh (2005)

      Electricity - exports:
      111 million kWh (2005)

      Electricity - imports:
      241 million kWh (2005)

      Oil - production:
      0 bbl/day (2005 est.)

      Oil - consumption:
      11,980 bbl/day (2005 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 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 47.4%, US 22.7%, Germany 8.4% (2004)

      Imports:
      $2 billion f.o.b. (2005 est.)

      Imports - commodities:
      gold, machinery and equipment, petroleum products, fertilizer

      Imports - partners:
      India 46.3%, China 10.8%, UAE 9.3%, Saudi Arabia 4.1% (2004)

      Debt - external:
      $3.34 billion (March 2005)

      Economic aid - recipient:
      $424 million (FY00/01)

      Currency (code):
      Nepalese rupee (NPR)

      Exchange rates:
      Nepalese rupees per US dollar - 71.368 (2005), 73.674 (2004), 76.141 (2003), 77.877 (2002), 74.949 (2001)

      Fiscal year:
      16 July - 15 July


      NOTE: The information regarding Nepal on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2006 information contained here. All suggestions for corrections of any errors about Nepal Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/nepal/nepal_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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