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Nepal Economy 2011
https://theodora.com/wfb2011/nepal/nepal_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
Nepal is among the poorest and least developed countries in the world, with almost 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 about 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):
$35.31 billion (2010 est.)
country comparison to the world: 102

$34.11 billion (2009 est.)
$32.58 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$15.11 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.5% (2010 est.)
country comparison to the world: 102

4.7% (2009 est.)
5.3% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,200 (2010 est.)
country comparison to the world: 209

$1,200 (2009 est.)
$1,200 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 33%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15%
[see also: GDP - composition by sector - industry country ranks ]
services: 52% (FY09 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
18 million
country comparison to the world: 32
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%
[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.)
country comparison to the world: 191

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

Population below poverty line:
24.7% (2008)
[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% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
47.2 (2008)
country comparison to the world: 34

36.7 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $3 billion
[see also: Budget - revenues country ranks ]
expenditures: $4.6 billion (FY10)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
8.6% (September 2010)
country comparison to the world: 193

13.2% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2010)
country comparison to the world: 66

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

Commercial bank prime lending rate:
8% (31 December 2009 est.)
country comparison to the world: 119

8% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.03 billion (July 2010)

$2.72 billion (July 2009)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$10.01 billion (July 2010)

$10.67 billion (July 2009)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$9 billion (July 2010)
country comparison to the world: 96

$7.7 billion (July 2009)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$5.2 billion (31 December 2010)
country comparison to the world: 79

$5.485 billion (31 December 2009)
$4.894 billion (31 December 2008)
[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)
country comparison to the world: 135
[see also: Industrial production growth rate country ranks ]

Electricity - production:
2.6 billion kWh (2009 est.)
country comparison to the world: 128
[see also: Electricity - production country ranks ]

Electricity - consumption:
2.243 billion kWh (2007 est.)
country comparison to the world: 132
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 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 (2009 est.)
country comparison to the world: 142
[see also: Oil - production country ranks ]

Oil - consumption:
18,000 bbl/day (2009 est.)
country comparison to the world: 132
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 160
[see also: Oil - exports country ranks ]

Oil - imports:
16,920 bbl/day (2007 est.)
country comparison to the world: 119
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 152
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 158
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 132
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 88
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 149
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 153
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$449 million (2010)
country comparison to the world: 114

$537 million (2009)
[see also: Current account balance country ranks ]

Exports:
$849 million (2009)
country comparison to the world: 157

$907 million (2008)
[see also: Exports country ranks ]

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

Exports - partners:
India 65.6%, US 8%, Bangladesh 6.04%, Germany 5% (2009)

Imports:
$5.26 billion (2009)
country comparison to the world: 111

$4.1 billion (2008)
[see also: Imports country ranks ]

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

Imports - partners:
India 57%, China 13% (2009)

Debt - external:
$4.5 billion (2009)
country comparison to the world: 108

$3.285 billion (2008)
[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 - 72.56 (2010), 77.44 (2009), 65.21 (2008), 70.35 (2007), 72.446 (2006)


NOTE: The information regarding Nepal on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2011 information contained here. All suggestions for corrections of any errors about Nepal Economy 2011 should be addressed to the CIA.



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