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Agriculture > products
rice, corn, wheat, sugarcane, root crops; milk, water buffalo meat |
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Aid as % of GDP
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7.1% |
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[41st of 129]
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Debt > External
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$3,070,000,000.00 |
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[109th of 136]
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Distribution of family income > Gini index
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47.2 |
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[4th of 43]
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Economic freedom
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1.5 |
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[122nd of 156]
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Economy > Overview
Nepal is among the poorest and least developed countries in the world with almost one-third 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 38% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Security concerns relating to the Maoist conflict have led to a decrease in tourism, a key source of foreign exchange. Nepal has considerable scope for exploiting its potential in hydropower and tourism, areas of recent foreign investment interest. Prospects for foreign trade or investment in other sectors will remain poor, however, because of the small size of the economy, its technological backwardness, its remoteness, its landlocked geographic location, its civil strife, and its susceptibility to natural disaster. |
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Exports
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$830,000,000.00 |
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[142nd of 189]
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GDP
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$8,051,663,000.00 |
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[107th of 203]
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GDP > PPP
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$37,415,000,000.00 |
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[77th of 163]
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GDP > Real growth rate
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3.2% |
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[138th of 198]
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GINI index
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47.17
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[5th of 40]
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Gross National Income
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$5,830,440,000.00 |
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[96th of 172]
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Human Development Index
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0.526 |
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[137th of 178]
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Income category
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Low income |
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Income distribution > Poorest 10%
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3.2% |
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[31st of 114]
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Income distribution > Richest 10%
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29.8% |
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[63rd of 114]
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Population below poverty line
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30.9% |
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[26th of 46]
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Population under $1 a day
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37.7 |
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[14th of 59]
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Poverty > Share of all poor people
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0.78 % of world's poor |
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[12th of 80]
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Technological achievement
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0.08 |
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[66th of 68]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org
ALTERNATIVE NAMES:
Nepal, Kingdom of Nepal
Related links:
More facts and figures on Nepal
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