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Welcome to Embassy Of Nepal, Bangkok, Thailand .....
 
 
 
 
ECONOMY

Production in Agriculture sector is estimated to grow by 1.9 percent in fiscal year 2014/15 against the previous fiscal year's growth of 2.9%. Similarly, non-agriculture sector is estimated to grow by 3.6 percent in this year against the growth of 6.3 percent in the previous fiscal year. Among the non-agriculture sector, growth rates of industry and services sector are estimated to grow by 2.6 percent and 3.9 percent respectively in current fiscal year while these figures were 6.2 percent and 6.3 percent respectively last year. 

There has been a gradual change in the structure of Nepalese economy. Contribution of agriculture and industries sectors to GDP has a declining trend while that of services sector is on rise. From sector perspective, in this fiscal year contributions of the primary sector at current prices is estimated at 32.3 percent. Contributions of secondary and tertiary sectors to GDP were 17.0 and 45.1 percent in fiscal year 2001/2002 at prevailing prices. The contribution of secondary sector has come down to 14.5 percent while contribution of tertiary sector has gone up to 53.2 percent in the current fiscal year.
While classifying GDP into agriculture and non-agriculture sectors as per industrial classification, the share of agriculture sector to GDP is in declining trend while that of non-agriculture is on the rise. Contribution of agriculture sector to real GDP which was 36.6 percent in FY 2000/01, has dropped to 33.1 percent in current fiscal year while that of non-agriculture sector has gone up from 63.4 percent to 66.9 percent.

Total budget allocation for current fiscal year was 618.1 billion. In comparison to first eight months of the previous fiscal year, total expenditure of GoN increased by 46.40 percent in the first eight months of current fiscal year 2014/15 reaching Rs. 296.3 billion. Of this, recurrent expenditure stands at Rs. 213.96 billion, capital expenditure at Rs. 34.69 billion, repayment of principle against foreign and domestic debts at Rs. 34.76 billion, share investment on public enterprises at Rs. 2.39 billion and credit investment at Rs. 9.52 billion.

In comparison to foreign grant receipts of Rs. 17.11 billion in the first eight months of FY 2013/14, such receipts totalled Rs. 14.30 billion in the corresponding period of current fiscal year, which is 16.40 percent less than the amount received during previous year. Amount of foreign debt, received was Rs. 13.45 billion in the first eight months of FY 2013/14, has now gone up to Rs. 14.21 billion in the corresponding period of current fiscal year.

INVESTMENT
Government has taken steps to restructure the economy by introducing measures such as tax reform, massive privatisation of public enterprises, dismantling Investment & Trade barriers, liberalising the foreign exchange system and fostering the industrial potential of the country, particularly for export-oriented industries. Nepalese water resources has been opened with liberal policies for Foreign Investment at a time the world is passing through energy crisis and looking for alternative and renewable energy resources which also helps to combat climate change and Global Warming.
                 Nepal has entered into a new era of development with open, liberal and transparent economic policies. Giving high priority to foreign direct investment in Nepal, the government of Nepal has pursued pragmatic, one window and outward looking investment policies. As identified by the Government, there are two potential growth areas for Nepal- hydropower and Tourism . Policy reforms have further opened up the hydropower and Tourism sector to foreign investment.
                 Water resource is the vital natural resource in Nepal. 6000 rivers and rivulets flow in the country throughout the year. There was an estimate many years back that major rivers in Nepal had the combined capacity to generate 83 thousands MW of electricity, of which less than one percent has so far been exploited. But now there are estimates that this potential is much higher than the earlier calculations.
                 Similarly, because of the scenic and geological beauty of Nepal, there is tremendous prospect of investment in the Tourism sector.
                 Nepal started liberalizing her economy with a wide range of economic reforms in late eighties and early 1990s. Reforms have been instrumental in making the economy more investment friendly. Transparent one window type and export oriented investment and Investment & Trade policies have provided sound base to investment. Economic Reform policies have paved way for the establishment of joint venture banks and private financial institutions as well.
                 The liberalized measures have encouraged the private sector to actively participate in economic activities and limited the government role to a facilitator.
 
TRADE
Nepal became a member of World Trade Organization (WTO) in 2004, the first least-developed country (LDC) to join the WTO through the full working party process and is in process to amend or adopt certain laws and regulations consistent with WTO requirements. This has expanded the investment and Investment & Trade environment of Nepal.
                 Nepal's Investment & Trade with the world has been in deficit particularly her Investment & Trade deficit with neighbouring countries India and China is comparably huge.
                 Major exports from Nepal:Hand knotted woolen Carpets, Jute and Jute products, Orthodox and other varieties of tea, Hides and Skins, Pulses, Vegetable Oils, Oil Cakes Niger seeds, Catechu, Ginger, Handicrafts, Silver wear and Jewelery.
                 Major Imports to Nepal: Machineries and Parts, Petro Products, Raw wool, Transport equipment, Vehicles and spare parts, Pharmaceuticals, Fertilizers, Thread, Electrical goods, Textiles, Soybean Oil, Billets etc.
Thailand - Nepal Trade
                In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years.
                 Nepal's exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.
 
 
 
 
Nepal’s GDP grew by 4.0 per cent in 2009, after 4.7 per cent growth the previous calendar year. Inflation in 2009 was 13.2 per cent. Average annual population growth over the past decade was 2.3 per cent. Over 80 per cent of the economically active..................       [MORE]
 
Government has taken steps to restructure the economy by introducing measures such as tax reform, massive privatisation of public enterprises, dismantling Investment & Trade barriers, liberalising the foreign exchange system.....................    [MORE]
 
Nepal became a member of  World  Trade Organization (WTO) in 2004, the first least-developed country (LDC) to join the WTO through the full working party process and is in process to amend or adopt certain laws and regulations consistent...............      [MORE]
 
 
 
 
     
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