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Nepal Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Nepal Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

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):
$37.74 billion (2011 est.)
country comparison to the world: 100

$36.52 billion (2010 est.)
$34.88 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$18.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.5% (2011 est.)
country comparison to the world: 115

4.6% (2010 est.)
4.4% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,300 (2011 est.)
country comparison to the world: 201

$1,300 (2010 est.)
$1,200 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 34.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 15%
[see also: GDP - composition by sector - industry country ranks ]
services: 50.1% (2010 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
18 million
country comparison to the world: 33
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% (2010 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
46% (2008 est.)
country comparison to the world: 190

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

Population below poverty line:
30.9% (2011)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 29.5% (2011)
[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: 30

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

Investment (gross fixed):
3% of GDP (2011 est.)
country comparison to the world: 186
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $3.9 billion
[see also: Budget revenues country ranks ]
expenditures: $5.3 billion (FY11)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
21.3% of GDP (FY11 est.)
country comparison to the world: 148
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-7.7% of GDP (FY11 est.)
country comparison to the world: 184
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
7.8% (2011 est.)
country comparison to the world: 165

10% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6% (31 December 2010 est.)
country comparison to the world: 61

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

Commercial bank prime lending rate:
7.5% (31 December 2011 est.)
country comparison to the world: 123

8% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.693 billion (31 December 2011 est.)
country comparison to the world: 108

$3.175 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$11.88 billion (31 December 2011 est.)
country comparison to the world: 100

$10.34 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$9.226 billion (31 December 2011 est.)
country comparison to the world: 98

$8.069 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$4.492 billion (31 July 2011 est.)
country comparison to the world: 80

$4.843 billion (31 December 2010)
$5.485 billion (31 December 2009 est.)
[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:
1.4% (FY10)
country comparison to the world: 139
[see also: Industrial production growth rate country ranks ]

Electricity - production:
3.156 billion kWh (2010 est.)
country comparison to the world: 126
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.833 billion kWh (2010 est.)
country comparison to the world: 114
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2010 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
70 million kWh (2010 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2010 est.)
country comparison to the world: 208
[see also: Oil - production country ranks ]

Oil - consumption:
20,000 bbl/day (2010 est.)
country comparison to the world: 129
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2010 est.)
country comparison to the world: 199
[see also: Oil - exports country ranks ]

Oil - imports:
13,740 bbl/day (2009 est.)
country comparison to the world: 135
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2010 est.)
country comparison to the world: 108
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 115
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2010 est.)
country comparison to the world: 154
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2010 est.)
country comparison to the world: 106
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 175
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$437.9 million (2010 est.)
country comparison to the world: 106

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

Exports:
$896 million (2011 est.)
country comparison to the world: 157

$901.9 million (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
India 66.4%, US 6.8%, Germany 4.8%, Bangladesh 5.4% (2011)

Imports:
$5.4 billion (2011 est.)
country comparison to the world: 119

$5.016 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
India 65.2%, China 11.5% (2010)

Debt - external:
$4.5 billion (2009)
country comparison to the world: 118

$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 -

83.31 (2011 est.)
73.15 (2010 est.)
77.44 (2009)
65.21 (2008)
70.35 (2007)


NOTE: 1) The information regarding Nepal on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nepal Economy 2012 information contained here. All suggestions for corrections of any errors about Nepal Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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