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    Nepal Econom�a 2000

      Econom�a - descripci�n: Nepal is among the poorest and least developed countries in the world with nearly half 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 41% of GDP. Industrial activity mainly involves the processing of agricultural produce including jute, sugarcane, tobacco, and grain. Production of textiles and carpets has expanded recently and accounted for about 80% of foreign exchange earnings in the past three years. Agricultural production is growing by about 5% on average as compared with annual population growth of 2.3%. Since May 1991, the government has been moving forward with economic reforms, particularly those that encourage trade and foreign investment, e.g., by reducing business licenses and registration requirements in order to simplify investment procedures. The government has also been cutting expenditures by reducing subsidies, privatizing state industries, and laying off civil servants. More recently, however, political instability - five different governments over the past few years - has hampered Kathmandu's ability to forge consensus to implement key economic reforms. Nepal has considerable scope for accelerating economic growth by 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, and its susceptibility to natural disaster. The international community's role of funding more than 60% of Nepal's development budget and more than 28% of total budgetary expenditures will likely continue as a major ingredient of growth.

      Producto Bruto Interno (PBI): purchasing power parity - $27.4 billion (1999 est.)

      PBI - Indice de Incremento real: 3.4% (1999 est.)

      PBI - por capital: purchasing power parity - $1,100 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 41%
      industry: 22%
      services: 37% (1998)

      Poblaci�n bajo linea de pobertad: 42% (1995-96 est.)

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 3.2%
      highest 10%: 29.8% (1995-96)

      Indice de Inflaci�n (precios del consumidor): 11.8% (FY98/99 est.)

      Fuerza Laboral: 10 million (1996 est.)
      note: severe lack of skilled labor

      Fuerza Laboral - por ocupaci�n: agriculture 81%, services 16%, industry 3%

      Indice de desempleo: NA%; substantial underemployment (1999)

      revenues: $536 million
      expenditures: $818 million, including capital expenditures of $NA (FY96/97 est.)

      Industrias: tourism, carpet, textile; small rice, jute, sugar, and oilseed mills; cigarette; cement and brick production

      Industrial production growth rate: NA%

      Electricidad - Producci�n: 1.17 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 5.13%
      hydro: 94.87%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 1.212 billion kWh (1998)

      Electricidad - exportaciones: 72 million kWh (1998)

      Electricidad - importaciones: 196 million kWh (1998)

      Agricultura - productos: rice, corn, wheat, sugarcane, root crops; milk, water buffalo meat

      Exportaciones: $485 million (f.o.b., 1998), but does not include unrecorded border trade with India

      Exporationes - comodidades: carpets, clothing, leather goods, jute goods, grain

      Exportaciones - socios: India 33%, US 26%, Germany 25% (FY97/98)

      Importaciones: $1.2 billion (f.o.b., 1998)

      Importaciones - comodidades: gold, machinery and equipment, petroleum products, fertilizer

      Importaciones - socios: India 31%, China/Hong Kong 16%, Singapore 14% (FY97/98)

      Deuda - externa: $2.4 billion (1997)

      Ayuda economica - recipiente: $411 million (FY97/98)

      Moneda: 1 Nepalese rupee (NR) = 100 paisa

      Indice de intercambio: Nepalese rupees (NRs) per US$1 - 68.784 (January 2000), 68.253 (1999), 65.976 (1998), 58.010 (1997), 56.692 (1996), 51.890 (1995)

      A�o Fiscal: 16 July - 15 July

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)