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Nepal Economy Profile 2013

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Economy - overviewNepal is among the poorest and least developed countries in the world, with about 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 a little over 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)$41.22 billion (2012 est.)
$39.4 billion (2011 est.)
$37.93 billion (2010 est.)
note: data are in 2012 US dollars
GDP (official exchange rate)$19.42 billion (2012 est.)
GDP - real growth rate4.6% (2012 est.)
3.9% (2011 est.)
4.8% (2010 est.)
GDP - per capita (PPP)$1,300 (2012 est.)
$1,300 (2011 est.)
$1,300 (2010 est.)
note: data are in 2012 US dollars
GDP - composition, by end usehousehold consumption: 76%
government consumption: 10.7%
investment in fixed capital: 20%
investment in inventories: 14.9%
exports of goods and services: 10%
imports of goods and services: -33.4%
(2012 est.)
GDP - composition by sectoragriculture: 38.1%
industry: 15.3%
services: 46.6% (2012 est.)
Population below poverty line25.2% (2011 est.)
Labor force18 million
note: severe lack of skilled labor (2009 est.)
Labor force - by occupationagriculture: 75%
industry: 7%
services: 18% (2010 est.)
Unemployment rate46% (2008 est.)
42% (2004 est.)
Household income or consumption by percentage sharelowest 10%: 3.2%
highest 10%: 29.5% (2011)
Distribution of family income - Gini index32.8 (2010)
47.2 (2008 est.)
Budgetrevenues: $3.5 billion
expenditures: $4.7 billion (FY11/12)
Taxes and other revenues18% of GDP (FY11/12)
Budget surplus (+) or deficit (-)-6.2% of GDP (FY11/12)
Inflation rate (consumer prices)9.5% (2012 est.)
9.5% (2011 est.)
Central bank discount rate6% (31 December 2010 est.)
6.5% (31 December 2009 est.)
Commercial bank prime lending rate8% (31 December 2012 est.)
8% (31 December 2011 est.)
Stock of narrow money$3.105 billion (31 December 2012 est.)
$2.723 billion (31 December 2011 est.)
Stock of broad money$12.12 billion (31 December 2011 est.)
$12.14 billion (31 December 2010 est.)
Stock of domestic credit$11.88 billion (31 December 2012 est.)
$10.67 billion (31 December 2011 est.)
Market value of publicly traded shares$4.529 billion (31 December 2011 est.)
$4.843 billion (31 December 2010)
$5.485 billion (31 December 2009 est.)
Agriculture - productspulses, rice, corn, wheat, sugarcane, jute, root crops; milk, water buffalo meat
Industriestourism, carpets, textiles; small rice, jute, sugar, and oilseed mills; cigarettes, cement and brick production
Industrial production growth rate3% (2012 est.)
Current Account Balance$93 million (2012 est.)
$49 million (2011 est.)
Exports$1.066 billion (2012 est.)
$998.9 million (2011 est.)
Exports - commoditiesclothing, pulses, carpets, textiles, juice, pashima, jute goods
Exports - partnersIndia 55.7%, US 10.1%, Germany 4.4% (2012)
Imports$5.92 billion (2012 est.)
$5.665 billion (2011 est.)
Imports - commoditiespetroleum products, machinery and equipment, gold, electrical goods, medicine
Imports - partnersIndia 51%, China 34.5% (2012)
Reserves of foreign exchange and gold$3.631 billion (31 December 2011 est.)
$2.925 billion (2010 est.)
Debt - external$3.956 billion (31 December 2011 est.)
$3.673 billion (31 December 2010 est.)
Stock of direct foreign investment - at home$NA
Stock of direct foreign investment - abroad$NA
Exchange ratesNepalese rupees (NPR) per US dollar -
85.197 (2012 est.)
74.02 (2011 est.)
73.16 (2010 est.)
77.44 (2009)
65.21 (2008)
Fiscal year16 July - 15 July

Source: CIA World Factbook
Unless otherwise noted, information in this page is accurate as of February 21, 2013