Sunday, July 17, 2011

Nepal Economy Profile 2011

                                             Economy - overview 

Nepal is among the poorest and least development 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 - fourth 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 hydro power, with an estimated 83,000MW 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)

                                    $35.81 billion (2010 est.)
                                    $34.25 billion (2009 est.)
                                    $32.66 billion (2008 est.)

  Note: data are in 2010 us dollars .

 

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