INDICATORS OF NEPALESE ECONOMY
1. GDP and Economic Growth: The GDP of Nepal in current prices was worth 3458.79 arba in 2019. In terms of growth rate, the growth rate of Nepal exceeded the growth rate of India and China in 2017, 2018, and 2019 i.e. 8.2, 6.7, and 7.1 respectively. 
2. Gross National Income (GNI): Gross National Income is the value of all the final goods and services produced in a country plus the net factor income from abroad within a year. The value of GNI in 2019 was Rs. 3498.78 arba. It was Rs. 3067.54 arba in 2018.
3. Unemployment: According to the Central Bureau of Statistics 2017/18 at the time of the survey, Nepal had 2.07 crores people of working age group, and out of the 11.4 percent were unemployed. Females reported a higher rate of unemployment which was 13.1 percent.
4. Per Capita Income (GNP Per Capita): It is the total GNP divided by the total population of a country. It represents an average income of an individual in a particular year. For the year 2019, the GNP Per Capita of Nepal was 1038.87 US$.
5. Balance of Trade (BOT): It is the difference between the value of the country’s exports and imports for a given period. If export exceeds import then it is called trade surplus and if import exceeds export then it is called a trade deficit. In 2019 Nepal had a negative trade balance of 1321.4 arba.
6. Poverty: The estimated poverty headcount ratio (percentage of the population living below the national poverty line i.e. US$ 1.90 per person per day international poverty line) is 18.7 percent in 2018 and is expected to be 16.67 in 2020.
Post a Comment
If this article has helped you, please leave a comment.