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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.

MAJOR INDUSTRIES: Agriculture, Cement, Cigarettes, Forestry, Garments, Jute Spinning, Sugar Milling, Textiles, Tourism.

MAIN EXPORTS: Carpets, Jute, Leather Goods, Rice, Sugar, Timber.

Nepal's Production, Consumption, Imports and Exports:

Barley Beans

Corn

Garbanzos

Lentils

Millet

Rice; Milled

Sugar; Centrifugal

Tobacco; Mfg.; Cigarettes

Tobacco; Unmfg.; Total

Carpets, wool, handicraft manpower, noodles

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14y ago

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