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Nepal
| Economy Overview |
| Nepal is among the poorest and least developed countries in the world with 40% of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for over 80% of the population and accounting for 40% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Security concerns in the wake of 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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| Economy Statistics |
| Exports: |
$568 million f.o.b., but does not include unrecorded border trade with India (2002 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
carpets, clothing, leather goods, jute goods, grain [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
India 47.4%, US 22.7%, Germany 8.4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$1.419 billion f.o.b. (2002 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
gold, machinery and equipment, petroleum products, fertilizer [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
India 46.3%, China 10.8%, UAE 9.3%, Saudi Arabia 4.1% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Nepal Chamber of Commerce |
| Address: |
Chamber Bhawan, Kantipath
Kathmandu, Nepal
P. O. Box: 198 |
| Phone: |
977 1 4222890 |
| Fax: |
977 1 4229998 |
| Website: |
http://www.nepalchamber.org/ |
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