what is the economic condition of Nepal?
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Nepal is a hilly region. Its area is 147,181 square km. Nepal is surrounded by India and china. it is third biggest country in south Asia. the highest mountain range Himalayas situated through it and the highest peak the MT Everest also there. According to 2003 survey Nepal has 26.5 million population. it is an economically backward state .
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1. In Nepal, more than 70% of the economically active population is involved in the informal economy (ILO).
2. The private sector since 2001 has been contributing to about 80% of the country's gross fixed capital formation, which is equivalent to about 17% of gross domestic product (GDP).
3. The lack of political consensus in the past several years has delayed national budgets d prevented much-needed economic reform, although the government passed a full budget in 2013.
2. The private sector since 2001 has been contributing to about 80% of the country's gross fixed capital formation, which is equivalent to about 17% of gross domestic product (GDP).
3. The lack of political consensus in the past several years has delayed national budgets d prevented much-needed economic reform, although the government passed a full budget in 2013.
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