Wednesday, 7 December 2011

economy of Nepal key facts:



ECONOMY OF NEPAL:
NEPAL is one of the poorest county in the world. agriculture is the main source of income compromising of about one third of GDP. Nepal has huge potential in hydro project which is estimated at 42,000 MW of capacity. The main challenges in the development of the country is the political instability and its geographical location.
Below are some of the economic facts about the Nepal adapted from CIA USA.

GDP (purchasing power parity):
$35.81 billion (2010 est.)
country comparison to the world: 102
$34.25 billion (2009 est.)
$32.66 billion (2008 est.)

GDP (official exchange rate):

$15.84 billion (2010 est.)
GDP - real growth rate:
4.6% (2010 est.)
country comparison to the world: 79
4.9% (2009 est.)
6.1% (2008 est.)

GDP - per capita (PPP):

$1,200 (2010 est.)
country comparison to the world: 206
$1,200 (2009 est.)
$1,200 (2008 est.)
note: data are in 2010 US dollars

GDP - composition by sector:
agriculture: 32.8%
industry: 14.4%
services: 52.8% (2010 est.)

Labor force:
18 million
country comparison to the world: 32
note: severe lack of skilled labor (2009 est.)

Labor force - by occupation:
agriculture: 75%
industry: 7%
services: 18% (2010 est.)

Unemployment rate:
46% (2008 est.)
country comparison to the world: 190
42% (2004 est.)

Population below poverty line:
24.7% (2008)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: 40.6% (2008)

Distribution of family income - Gini index:
47.2 (2008)
country comparison to the world: 30
36.7 (1996)

Investment (gross fixed):
3.5% of GDP (2020 est.)
country comparison to the world: 185

Budget:
revenues: $3 billion
expenditures: $4.6 billion (FY10)

Taxes and other revenues:
18.9% of GDP (FY10)
country comparison to the world: 163

Budget surplus (+) or deficit (-):
-10.1% of GDP (FY10)
country comparison to the world: 195

Inflation rate (consumer prices):
10% (2010 est.)
country comparison to the world: 199
11.6% (2009 est.)

Central bank discount rate:
6% (31 December 2010 est.)
country comparison to the world: 59
6.5% (31 December 2009 est.)

Commercial bank prime lending rate:
8% (31 December 2010 est.)
country comparison to the world: 127
8% (31 December 2009 est.)

Stock of narrow money:
$3.175 billion (31 December 2010 est.)
country comparison to the world: 108
$2.587 billion (31 December 2009 est.)

Stock of broad money:
$10.34 billion (31 December 2010 est.)
country comparison to the world: 101
$8.508 billion (31 December 2009 est.)

Stock of domestic credit:
$8.069 billion (31 December 2010 est.)
country comparison to the world: 100
$6.695 billion (31 December 2009 est.)

Market value of publicly traded shares:
$4.843 billion (31 December 2010 est.)
country comparison to the world: 78
$5.485 billion (31 December 2009)
$4.894 billion (31 December 2008)

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:
1.8% (FY08)
country comparison to the world: 136

Electricity - production:
2.6 billion kWh (2009 est.)
country comparison to the world: 129

Electricity - consumption:
2.525 billion kWh (2008 est.)
country comparison to the world: 132

Electricity - exports:
0 kWh (2010 est.)

Electricity - imports:
70 million kWh (2008 est.)

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

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

Current account balance:
-$449 million (2010)
country comparison to the world: 108
-$227.4 million (2009)

Exports:
$901.9 million (2009)
country comparison to the world: 155
$837.4 million (2008)

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

Exports - partners:
India 61.7%, US 7.5%, Germany 4.6%, Bangladesh 4.1% (2010)

Imports:
$5.016 billion (2009)
country comparison to the world: 113
$4.266 billion (2009 est.)

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

Imports - partners:
India 56.2%, China 22.5% (2010)

Debt - external:
$4.5 billion (2009)
country comparison to the world: 117
$3.285 billion (2008)
Exchange rates:
Nepalese rupees (NPR) per US dollar -
72.56 (2010)
77.44 (2009)
65.21 (2008)
70.35 (2007)
72.446 (2006)

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