Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2004 INDEX
  • Country Ranks
  • DEFINITIONS

    Nepal Index


    . Feedback
  • geographic.org Home PageCountry Index

    Nepal Economy - 2004
    https://immigration-usa.com/wfb2004/nepal/nepal_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      Nepal is among the poorest and least developed countries in the world with 42% of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for over 80% of the population and accounting for 40% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Security concerns in the wake of the Maoist conflict and the 11 September 2001 terrorist attacks in the US 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. The international community's role of funding more than 60% of Nepal's development budget and more than 28% of total budgetary expenditures will likely continue as a major ingredient of growth.

      GDP:
      purchasing power parity - $38.07 billion (2003 est.)

      GDP - real growth rate:
      2.4% (2003 est.)

      GDP - per capita:
      purchasing power parity - $1,400 (2003 est.)

      GDP - composition by sector:
      agriculture: 40%
      industry: 20%
      services: 40% (2002 est.)

      Population below poverty line:
      42% (1995-96)

      Household income or consumption by percentage share:
      lowest 10%: 3.2%
      highest 10%: 29.8% (1995-96)

      Distribution of family income - Gini index:
      36.7 (FY95/96)

      Inflation rate (consumer prices):
      2.9% (2002 est.)

      Labor force:
      10 million
      note: severe lack of skilled labor (1996 est.)

      Labor force - by occupation:
      agriculture 81%, services 16%, industry 3%

      Unemployment rate:
      47% (2001 est.)

      Budget:
      revenues: $665 million
      expenditures: $1.1 billion, including capital expenditures of $NA (FY99/00 est.)

      Industries:
      tourism, carpet, textile; small rice, jute, sugar, and oilseed mills; cigarette; cement and brick production

      Industrial production growth rate:
      8.7% (FY99/00)

      Electricity - production:
      1.755 billion kWh (2001)

      Electricity - production by source:
      fossil fuel: 8.5%
      hydro: 91.5%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      1.764 billion kWh (2001)

      Electricity - exports:
      95 million kWh (2001)

      Electricity - imports:
      227 million kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      16,000 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

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

      Exports:
      $568 million f.o.b., but does not include unrecorded border trade with India (2002 est.)

      Exports - commodities:
      carpets, clothing, leather goods, jute goods, grain

      Exports - partners:
      India 47.9%, US 27.8%, Germany 7.6% (2002)

      Imports:
      $1.419 billion f.o.b. (2002 est.)

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

      Imports - partners:
      India 21.5%, China 13.3%, UAE 11.3%, Singapore 8.7%, Saudi Arabia 4.9%, Hong Kong 4.6%, Kuwait 4.2% (2002)

      Debt - external:
      $2.7 billion (2001)

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

      Currency:
      Nepalese rupee (NPR)

      Currency code:
      NPR

      Exchange rates:
      Nepalese rupees per US dollar - 76.14 (2003), 77.88 (2002), 74.95 (2001), 71.09 (2000), 68.24 (1999)

      Fiscal year:
      16 July - 15 July


      NOTE: The information regarding Nepal on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2004 information contained here. All suggestions for corrections of any errors about Nepal Economy 2004 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://immigration-usa.com/wfb2004/nepal/nepal_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


    CTR040725