economy of nepal
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Economy of Nepal
Nepal Rastra Bank in Kathmandu
Currency
1 Nepalese Rupee (NPR) = 100 paisa
Fiscal year
16 July - 15 July
Trade organizations
WTO
Statistics
GDP
$41.22 billion (2012 est.)[1]
GDP growth
4.6% (2010 est.)
GDP per capita
$1,600 (2010 est.)
GDP by sector agriculture (35%), industry (20%),services (45%) (2010 est.)
Inflation (CPI)
8.6% (September 2010 est.), 10.6% (October 2011 est. source: myrepublica.com)
Population
belowpoverty line
24.7% (2008 est.)
Main industries
Tourism, garment, food and beverages,metal manufactures, herbs.
Ease of doing business rank
107th[2]
External
Exports
$1.609 Billion (2009) f.o.b.; note - does not include unrecorded border trade with India (2008)
Export goods carpets, clothing, leather goods, jute goods, grain, herbs, tea,coffee, steel,Cement,Business Processing Outsourcing, Software, Information Technology, Furniture, Cardamoms, Cloths etc
Main export partners India 55.7% United States 10.1% Germany 4.4% (2012 est.)[3]
Imports
$5.26 billion f.o.b. (2008)
Import goods
Petroleum Products, Gold, Machinery.
Main import partners India 51.0% China 34.5% (2012 est.)[4]
Public finances
Revenues
$4 billion (FY 2010)
Expenses
$5.6 billion (FY 2010)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars
An isolated, agrarian society until the mid-20th century, Nepal entered the modern era in 1951 without schools, hospitals, roads,telecommunications, electric power, industry, or civil service. The country has, however, made progress toward sustainable economic growth since the 1950s and is committed to a program of economic liberalization.
Nepal has used a series of five-year plans in an attempt to make progress in economic development. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatized. Foreign aid accounts
Economy of Nepal
Nepal Rastra Bank in Kathmandu
Currency
1 Nepalese Rupee (NPR) = 100 paisa
Fiscal year
16 July - 15 July
Trade organizations
WTO
Statistics
GDP
$41.22 billion (2012 est.)[1]
GDP growth
4.6% (2010 est.)
GDP per capita
$1,600 (2010 est.)
GDP by sector agriculture (35%), industry (20%),services (45%) (2010 est.)
Inflation (CPI)
8.6% (September 2010 est.), 10.6% (October 2011 est. source: myrepublica.com)
Population
belowpoverty line
24.7% (2008 est.)
Main industries
Tourism, garment, food and beverages,metal manufactures, herbs.
Ease of doing business rank
107th[2]
External
Exports
$1.609 Billion (2009) f.o.b.; note - does not include unrecorded border trade with India (2008)
Export goods carpets, clothing, leather goods, jute goods, grain, herbs, tea,coffee, steel,Cement,Business Processing Outsourcing, Software, Information Technology, Furniture, Cardamoms, Cloths etc
Main export partners India 55.7% United States 10.1% Germany 4.4% (2012 est.)[3]
Imports
$5.26 billion f.o.b. (2008)
Import goods
Petroleum Products, Gold, Machinery.
Main import partners India 51.0% China 34.5% (2012 est.)[4]
Public finances
Revenues
$4 billion (FY 2010)
Expenses
$5.6 billion (FY 2010)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars
An isolated, agrarian society until the mid-20th century, Nepal entered the modern era in 1951 without schools, hospitals, roads,telecommunications, electric power, industry, or civil service. The country has, however, made progress toward sustainable economic growth since the 1950s and is committed to a program of economic liberalization.
Nepal has used a series of five-year plans in an attempt to make progress in economic development. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatized. Foreign aid accounts
References: Statistics[edit] GDP: purchasing power parity - $41.22 billion (2012)[9] GDP - real growth rate: 5.6% (2008 est.) GDP - per capita: purchasing power parity - $1,400 (2012) industry: 20% services: 40% (2002 est.) Population below poverty line: 25.2% (2011) Household income or consumption by percentage share: lowest 10%: 3.2% highest 10%: 29.8% (1995–96) Inflation rate (consumer prices): 2.9% (2002 est.) Labour force: 10 million (1996 est.) Unemployment rate: 47% (2001 est.) Budget: Electricity - production: 1,755 GWh (2001) Electricity - production by source: nuclear: 0% other: 0% (2001) Electricity - consumption: 1,764 GWh (2001) Electricity - exports: 95 GWh (2001) Electricity - imports: 227 GWh (2001) Oil - production: 0 barrels per day (0 m3/d) (2001 est.) 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 50.5%, US 26%, Germany 6.6% (2003 est.) Imports: $1.419 billion f.o.b Debt - external: $2.7 billion (2001) Economic aid - recipient: $424 million (FY 00/01)