Nepal is a predominantly agricultural country. It is one of the least developed countries in the world.
| Nepal economy | |
|---|---|
| Currency | Nepalese rupee |
| International the organization | WTO |
| Statistics | |
| GDP | $ 41.18 billion |
| GDP per capita | 1500 |
| Inflation ( CPI ) | 8.6% |
| Economically active population | 11.11 million |
| Unemployment rate | 42% |
| Major industries |
|
| International trade | |
| Export partners | India , USA , Germany |
| Import partners | India, China , UAE |
| Public finance | |
| Government revenue | 1.152 billion |
| Government spending | 1.927 billion |
Content
Agriculture
The share of agriculture in GDP is 38%, it employs three quarters of the working population. Cultivated land occupies a fifth of the country, 50% of the cultivated land is rice. In 2005, rice harvest amounted to 4.1 million tons. Potatoes (1.7 million tons), wheat and sugar cane are also grown. Nepal's agriculture is weakly mechanized and does not provide for the country's domestic needs. Forest area in Nepal is 33% of the territory, from 1950 to 1980, it was reduced by almost half. Forest is cut down mainly for fuel. Deforestation leads to the loss of fertile soil and creates the risk of landslides and floods.
Industry
The share of industry in GDP is 14%, it employs 6% of the workforce. The manufacturing industry is poorly developed; in the 1970s, with the assistance of the USSR , a number of industrial facilities were built, including a sugar factory and a cigarette factory. The manufacturing industry consists mainly of the processing of agricultural raw materials.
Energy
The hydropower potential of Nepal is huge, but is used very poorly. The share of electricity generated at hydroelectric power stations is 91.5%
Transport
Airports:
- total - 47, including:
- with a hard coating - 10
- without a hard coating - 37
Railways:
- total - 59 km (several isolated lines)
Highways:
- total - 17380 km, including:
- paved - 9886 km
- without pavement - 7494 km
Trade
- Export: $ 822 million
- Export items: carpets, clothing, jute
- Export partners: India 59%, USA 13.9%, Germany 5.9%
- Import: $ 2 billion
- Imports - commodities: gold, machinery and equipment, fuel
- Import partners: India 49%, China 12.4%, UAE 11.7%, Saudi Arabia 5.2%, Kuwait 4.4%
Population Incomes
For 2017, the minimum wage was 8,000 rupees per month, which is $ 74 US dollars.
Finance
The fiscal year is from July 16 to July 15.