Nepal

Description of Nepal

Nepal, a landlocked country nestled in the heart of the Himalayas, boasts a rich tapestry of culture, tradition, and natural beauty. Known for its stunning mountain peaks, including the iconic Mount Everest, Nepal offers a serene escape for adventurers and spiritual seekers alike. Despite facing economic challenges and political instability in recent years, Nepal holds immense potential for growth and development. Through a deeper understanding of its macroeconomic landscape, we can explore the opportunities and obstacles that shape Nepal's journey towards a more prosperous future.

Population And Age Structure

In terms of Population, total, Nepal has a population of 29,348,627, which is below the average population of 40,097,746. Nepal ranks 49 out of 194 countries in this attribute.

For Population ages 0-14 (% of total population), Nepal's percentage of 30.12% is above the average of 27.34%. Nepal ranks 75 out of 194 countries in this attribute.

In Population ages 0-14, total, Nepal's population of this age group is 8,838,598, below the average of 10,327,380. Nepal ranks 48 out of 194 countries in this attribute.

Regarding Population ages 15-64 (% of total population), Nepal's percentage of 63.84% is slightly above the average of 63.44%. Nepal ranks 109 out of 194 countries in this attribute.

For Population ages 15-64, total, Nepal has 18,737,431 people in this age group, below the average of 26,003,407. Nepal ranks 46 out of 194 countries in this attribute.

In the category of Population ages 65 and above (% of total population), Nepal's percentage of 6.04% is below the average of 9.22%. Nepal ranks 104 out of 194 countries in this attribute.

Finally, in Population ages 65 and above, total, Nepal has 1,772,598 individuals in this age group, well below the average of 3,766,959. Nepal ranks 51 out of 194 countries in this attribute.

Summary

Nepal's population of 29,348,627 falls below the global average of 40,097,746, with the country ranking 49th out of 194 countries. The distribution of age groups shows that Nepal has a higher percentage of children (ages 0-14) compared to the global average and ranks 75th, while the percentage of individuals in the working-age group (15-64) is slightly higher, resulting in a ranking of 109th. The lower percentage of elderly population (65 and above) places Nepal at 104th, indicating a relatively younger population structure. These indicators are crucial for policymakers as they inform resource allocation for healthcare, education, and retirement planning, and also impact the workforce composition and dependency ratio in the long term.

Population Miscellaneous

For Rural population, Nepal's value of 23,309,854 is above the average of 18,044,041. Nepal ranks 23rd out of 190 countries in this attribute.

Nepal's Rural population (% of total population) stands at 79.42%, well above the average of 41.16%. This places Nepal at the 11th rank out of 190 countries.

With an Urban population of 6,038,773, Nepal is below the average of 22,425,747. Nepal ranks 84th out of 194 countries in Urban population.

Although Nepal's Urban population (% of total population) is 20.58%, lower than the average of 59.69%, the country ranks 184th out of 194 countries.

Nepal's Age dependency ratio (% of working-age population) is 56.63%, slightly below the average of 59.22%. This places Nepal at the 86th rank out of 194 countries.

With a Birth rate of 20.64 per 1,000 people, Nepal exceeds the average of 19.38. In this attribute, Nepal ranks 76th out of 192 countries.

Nepal's Death rate of 7.21 per 1,000 people is lower than the average of 8.21. Nepal ranks 111th out of 192 countries in this regard.

The Fertility rate in Nepal is 2.055 births per woman, below the average of 2.60. The country ranks 98th out of 190 in this attribute.

Summary

Nepal has a higher rural population and a lower urban population compared to the global average, with a significant percentage of its population residing in rural areas. The country also has a lower than average urban population percentage but a higher age dependency ratio, indicating a potential strain on the working-age population. Additionally, Nepal's birth rate exceeds the global average while its fertility rate is below average, which could have implications for future population growth and demographic trends.

These indicators are important as they provide insights into the demographic composition of Nepal, highlighting the distribution of population between rural and urban areas, age dependency ratios, and trends in birth and fertility rates. Understanding these factors is crucial for policymakers to plan for healthcare, education, social welfare, and economic development strategies that cater to the needs of different age groups and population segments in the country.

Military

Among 149 countries, Nepal's Military expenditure stands at $434 million, significantly lower than the average of $12.9 billion, ranking 90th.

Nepal's Military expenditure as a percentage of GDP is 1.32%, below the average of 1.90% among 148 countries, placing it at the 94th position.

Nepal has 112,000 Armed forces personnel, ranking 52nd out of 164 countries, lower than the average of 165,908 personnel.

The country's proportion of Armed forces personnel in the total labor force is 1.37%, higher than the average of 1.28% among 164 countries, placing Nepal at 45th position.

Summary

Nepal's military expenditure is notably lower than the global average, both in total amount and as a percentage of GDP. Despite having a lower number of armed forces personnel compared to the average, Nepal has a higher proportion of military personnel in its total labor force.

These indicators are crucial as they shed light on Nepal's prioritization of military spending relative to other countries, its military efficiency, and the societal impact of military presence in the labor force.

Natural Resources

1. Forest area (sq. km): Nepal has a forest area of 59,620.3 sq. km, which is below the attribute average of 211,606.11 sq. km. Nepal ranks 71 out of 191 countries in this data set.

2. Land area (sq. km): With a land area of 143,350 sq. km, Nepal falls below the attribute average of 665,166.51 sq. km. Nepal holds the 92nd rank out of 194 countries.

3. Surface area (sq. km): Nepal's surface area of 147,180 sq. km is also under the attribute average of 689,779.56 sq. km, ranking the country 93 out of 194 countries.

4. Arable land (hectares): Nepal possesses 2,113,700 hectares of arable land, significantly lower than the average of 7,329,543.16 hectares. Nepal ranks 81 among 190 countries.

5. Land under cereal production (hectares): Nepal's land under cereal production is 3,435,948 hectares, below the average of 4,206,011.63 hectares. Nepal ranks 38 out of 174 countries.

6. Average precipitation in depth (mm per year): Nepal receives an average precipitation depth of 1,500 mm per year, exceeding the average of 1,157.83 mm. The country holds the 57th rank out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Nepal possesses 198.2 billion cubic meters of renewable internal freshwater resources, lower than the average of 240.41 billion cubic meters. Nepal ranks 36 out of 178 countries in this regard.

Summary

Nepal showcases a pattern of lower values in key macroeconomic indicators related to land area, arable land, and freshwater resources compared to global averages. This indicates potential challenges in terms of agricultural productivity, land utilization, and water availability for sustainable development. Addressing these discrepancies and improving efficiency in resource management could be crucial for enhancing Nepal's economic growth, food security, and environmental sustainability in the long term.

Resource Rents

For Total natural resources rents (% of GDP), Nepal's value is 0.5226, which is significantly below the average of 4.6300. This places Nepal at rank 120 out of 175 countries included in the data.

Coal rents (% of GDP) in Nepal are also below average at 0.0032 compared to the average of 0.3961. Nepal ranks 52 out of 65 countries for this attribute.

Nepal's Forest rents (% of GDP) value stands at 0.5194, below the average of 1.5258. This places Nepal at rank 71 out of 174 countries included in the data.

Summary

Nepal exhibits below-average values in key macroeconomic indicators related to natural resources rents such as total natural resources rents, coal rents, and forest rents as a percentage of GDP. These values position Nepal at ranks 120, 52, and 71 out of the countries included in the respective datasets. This indicates that Nepal may have untapped potential in leveraging its natural resources for economic growth and development, highlighting the importance of enhancing strategies for sustainable resource utilization and maximizing the contribution of natural resources to the country's economy.

Commodities

Analysis of key statistics for Nepal:

1. Cereal production (metric tons): Nepal's cereal production is 11,006,495.78 metric tons, below the average of 17,249,945.93 metric tons. Nepal ranks 37th out of 174 countries in this attribute.

2. Aquaculture production (metric tons): Nepal's aquaculture production is 76,822 metric tons, below the average of 679,642.92 metric tons. Nepal ranks 41st out of 180 countries in this attribute.

3. Capture fisheries production (metric tons): Nepal's capture fisheries production is 21,000 metric tons, significantly below the average of 467,453.06 metric tons. Nepal ranks 120th out of 190 countries in this attribute.

4. Total fisheries production (metric tons): Nepal's total fisheries production is 97,822 metric tons, well below the average of 1,153,914.85 metric tons. Nepal ranks 80th out of 182 countries in this attribute.

5. Fertilizer consumption (kilograms per hectare of arable land): Nepal's fertilizer consumption is 101.98 kilograms per hectare, below the average of 159.04 kilograms per hectare. Nepal ranks 87th out of 187 countries in this attribute.

Summary

Nepal's key statistics reveal that the country's agricultural sector faces challenges in achieving high production levels compared to global averages. The rankings indicate room for improvement in cereal, aquaculture, capture fisheries, total fisheries production, and fertilizer consumption. Addressing these areas is crucial for enhancing food security, economic growth, and sustainable development in Nepal.

Intellectual Property

Scientific and technical journal articles: Nepal produced 1464.1 articles, which is below the average of 15103.76 articles. This places Nepal at rank 75 out of 192 countries in this dataset.

Summary

Nepal's production of 1464.1 scientific and technical journal articles falls well below the global average of 15103.76 articles, ranking it 75th out of 192 countries. This low level of scientific output highlights potential areas for improvement in research and development in Nepal, which could in turn stimulate innovation, economic growth, and competitiveness on the global stage.

Broad Economy Attributes

Analysis of key macroeconomic statistics for Nepal:

- GDP (current US$): Nepal's GDP value is significantly below the average GDP of $442,870,224,838.68, ranking 96th out of 189 countries.
- GDP, PPP (current international $): Nepal's GDP, PPP value is also notably lower than the average of $734,141,122,350.78, ranked at 81st out of 181 countries.
- GDP per capita (current US$): Nepal's GDP per capita falls far below the average of $15,462.11, positioning at 162nd out of 190 countries.
- GDP per capita, PPP (current international $): Similarly, Nepal's GDP per capita, PPP is substantially under the average of $21,251.89, placing at 144th out of 181 countries.
- GNI (current US$): Nepal's GNI stands significantly lower than the average of $452,040,815,370.70, ranked 94th out of 185 countries.
- GNI, PPP (current international $): Nepal's GNI, PPP is notably below the average of $730,698,223,823.47, positioned at 80th out of 181 countries.
- GNI per capita, PPP (current international $): Nepal's GNI per capita, PPP is notably less than the average of $20,615.75, ranking at 145th out of 181 countries.

Summary

Nepal exhibits a notable disparity in key macroeconomic indicators compared to global averages, with its GDP, GDP per capita, GNI, and GNI per capita figures all falling significantly below the respective global averages. These statistics highlight Nepal's economic challenges and underscore the imperative need for focused policies and strategies to enhance economic growth, increase productivity, and elevate the standard of living for its population.

Broad Value Added

Nepal's Gross value added at basic prices (GVA) is $29,477,205,868.15, which is significantly below the average of $360,070,943,595.12. Nepal ranks 91 out of 176 countries in this attribute.

In terms of Agriculture, forestry, and fishing value added (% of GDP), Nepal's value of 22.18% is notably above the average of 10.86%. This places Nepal at the 29th position out of 182 countries.

Nepal's Agriculture, forestry, and fishing value added in current US dollars is $7,415,615,770.21, which is below the average of $19,924,732,828.07. Nepal holds the 54th rank out of 182 countries in this aspect.

For Services value added (% of GDP), Nepal's value of 53.94% is below the average of 56.72%. Nepal ranks 107 out of 183 countries in this metric.

Nepal's Services value added in current US dollars stands at $18,033,730,208.80, significantly lower than the average of $295,837,711,130.69. The country is ranked 96th out of 183 countries for this attribute.

In terms of Industry (including construction) value added in current US dollars, Nepal's value is $4,027,859,889.40, well below the average of $118,421,095,413.50. Nepal ranks 114th out of 183 countries in this category.

Summary

Nepal displays a mixed economic performance compared to global averages and rankings. While excelling in Agriculture, forestry, and fishing value added as a percentage of GDP, the country lags significantly in Services and Industry value added in both percentage of GDP and current US dollar terms. These indicators are crucial as they reflect Nepal's economic structure, highlighting its reliance on the agriculture sector and the need for diversification and growth in other industries to enhance overall economic vitality and competitiveness.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Nepal's value of 1.5 billion USD is significantly below the average of 76.2 billion USD. Nepal ranks 113 out of 173 countries in this attribute data.

2. Manufacturing, value added (% of GDP): Nepal's value of 4.47% is below the average of 11.90%. Nepal ranks 149 out of 173 countries in this attribute data.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Nepal's value of 10.50% is below the average of 24.49%. Nepal ranks 112 out of 149 countries in this attribute data.

4. Chemicals (% of value added in manufacturing): Nepal's value of 7.91% is below the average of 11.56%. Nepal ranks 56 out of 89 countries in this attribute data.

5. Food, beverages, and tobacco (% of value added in manufacturing): Nepal's value of 32.84% is above the average of 24.51%. Nepal ranks 22 out of 92 countries in this attribute data.

6. Machinery and transport equipment (% of value added in manufacturing): Nepal's value of 0.98% is significantly below the average of 16.85%. Nepal ranks 89 out of 93 countries in this attribute data.

7. Textiles and clothing (% of value added in manufacturing): Nepal's value of 6.54% is slightly above the average of 6.33%. Nepal ranks 27 out of 93 countries in this attribute data.

8. Other manufacturing (% of value added in manufacturing): Nepal's value of 51.73% is above the average of 42.13%. Nepal ranks 19 out of 94 countries in this attribute data.

Summary

Nepal's manufacturing sector appears to be struggling based on key indicators such as low manufacturing value added in both absolute terms and as a percentage of GDP. The country also lags behind in medium and high-tech manufacturing, machinery and transport equipment production. However, Nepal performs relatively better in the food, beverages, and tobacco sector. These indicators are crucial as they highlight Nepal's challenges in diversifying its manufacturing base, incorporating technology, and competing globally in higher value-added industries.

Money

For Inflation, consumer prices (annual %), Nepal's inflation rate stands at 5.05%, which is below the average of 8.26%. Nepal ranks 37th out of 165 countries in this dataset.

In terms of Inflation, GDP deflator (annual %), Nepal's rate is 3.22%, below the average of 6.90%. Nepal ranks 70th out of 188 countries for this indicator.

Regarding Broad money growth (annual %), Nepal's rate is 22.11%, higher than the average of 18.03%. Nepal is ranked 21st out of 139 countries in this category.

For Broad money (% of GDP), Nepal's percentage is 117.75%, much higher than the average of 71.75%. Nepal ranks 17th out of 139 countries in this aspect.

Lastly, for Broad money to total reserves ratio, Nepal's ratio is 3.43, below the average of 5.17. Nepal holds the 47th rank out of 126 countries for this ratio.

Summary

Nepal's macroeconomic indicators paint a picture of moderate inflation rates, robust broad money growth, and high broad money as a percentage of GDP. These rankings suggest Nepal's economy is relatively stable compared to other countries, with room for potential growth in terms of monetary policy effectiveness and overall economic stability.

Consumption Expenditure

1. Final consumption expenditure (current US$): Nepal's final consumption expenditure is $31,521,468,736.85, which is significantly below the average of $381,630,252,515.38. Nepal ranks 86th out of 159 countries in this attribute data.

2. Final consumption expenditure (% of GDP): Nepal's final consumption expenditure as a percentage of GDP is 94.28%, which is above the average of 82.37%. Nepal ranks 30th out of 159 countries in this attribute data.

3. General government final consumption expenditure (current US$): Nepal's general government final consumption expenditure is $3,031,674,640.28, well below the average of $93,676,578,238.03. Nepal ranks 104th out of 158 countries in this attribute data.

4. General government final consumption expenditure (% of GDP): Nepal's general government final consumption expenditure as a percentage of GDP is 9.07%, below the average of 18.71%. Nepal ranks 145th out of 158 countries in this attribute data.

5. Household and NPISHs Final consumption expenditure (current US$): Nepal's household and NPISHs final consumption expenditure is $28,489,794,096.91, which is significantly below the average of $290,127,571,157.69. Nepal ranks 80th out of 158 countries in this attribute data.

6. Households and NPISHs final consumption expenditure (% of GDP): Nepal's household and NPISHs final consumption expenditure as a percentage of GDP is 85.21%, well above the average of 63.68%. Nepal ranks 15th out of 158 countries in this attribute data.

Summary

Nepal exhibits a pattern of having lower final consumption expenditure figures compared to the global average, ranking below average in terms of both total final consumption expenditure and general government final consumption expenditure. However, it stands out in terms of its household and NPISHs final consumption expenditure as a percentage of GDP, where it ranks significantly higher than the average. These indicators are crucial as they reflect Nepal's domestic demand, government spending behavior, and the role of households in driving economic activity within the country.

Investment

1. Nepal's Foreign Direct Investment (FDI) Net (BoP, current US$) stands at -126,626,337.46. This value is significantly higher than the attribute average of -1,615,235,980.51. Nepal is ranked 62 out of 169 countries in this category.

2. Nepal's Foreign Direct Investment Net Inflows (BoP, current US$) is 126,626,337.46, notably lower than the attribute average of 5,749,271,080.15. Nepal holds the 124th position out of 182 countries in this aspect.

3. In terms of Foreign Direct Investment Net Inflows (% of GDP), Nepal records 0.38%. This figure is well below the attribute average of 2.61%. Nepal's rank is 143 out of 178 countries in this metric.

Summary

Nepal experiences a negative Foreign Direct Investment (FDI) Net, substantially higher than the global average. The country also falls below average in terms of FDI Net Inflows and FDI Net Inflows as a percentage of GDP, indicating limited foreign investment. These statistics highlight Nepal's current challenges in attracting foreign capital for economic development, which could impact its growth and competitiveness compared to other nations.

Debt

In terms of Total debt service (% of GNI), Nepal's value of 0.82% is significantly below the average of 5.98%. Nepal is ranked 108th out of 120 countries in this attribute.

For Public and publicly guaranteed debt service (% of GNI), Nepal's value of 0.76% is notably below the average of 2.84%. The country is ranked 100th out of 120 countries.

Regarding External debt stocks (% of GNI), Nepal's value of 23.37% is below the average of 65.42%. Nepal is ranked 106th out of 120 countries.

When it comes to Debt service on external debt, total (TDS, current US$), Nepal's value of 278,029,895.7 is significantly below the average of 9,811,198,839.23. The country is ranked 82nd out of 123 countries.

For Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$), Nepal's value of 258,601,860.4 is notably below the average of 3,310,612,057.60. Nepal is ranked 74th out of 123 countries.

In terms of External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$), Nepal's value of 7,056,712,674.90 is significantly below the average of 28,695,879,145.98. The country is ranked 62nd out of 123 countries.

For External debt stocks, private nonguaranteed (PNG) (DOD, current US$), Nepal's value of 118,271,000 is significantly below the average of 33,734,699,285.22. Nepal is ranked 80th out of 91 countries.

Regarding External debt stocks, total (DOD, current US$), Nepal's value of 7,905,755,093.50 is significantly below the average of 73,845,530,111.82. Nepal is ranked 75th out of 123 countries.

Summary

Nepal demonstrates prudent fiscal management as indicated by its significantly lower values in various debt service indicators and external debt stocks compared to global averages. These statistics suggest that Nepal's debt burden relative to its Gross National Income (GNI) is relatively low, positioning the country in a favorable light in terms of debt sustainability and financial stability. This could enhance Nepal's creditworthiness, attract foreign investments, and contribute to long-term economic growth and development.

Broad Trade Attributes

Trade (% of GDP): Nepal's trade accounts for 40.92% of its GDP, which is below the attribute average of 82.34%. Nepal ranks 139th out of 163 countries in terms of this statistic.

Merchandise trade (% of GDP): Nepal's merchandise trade is 32.04% of its GDP, below the average of 60.01%. Nepal is ranked 157th out of 186 countries in this aspect.

Trade in services (% of GDP): Nepal's trade in services represents 5.92% of its GDP, well below the average of 24.63%. Nepal ranks 154th out of 171 countries for this indicator.

External balance on goods and services (current US$): Nepal has a deficit of -9130159262.22 USD in its external balance, significantly below the average of 3405509011.13 USD. Nepal is ranked 147th out of 163 countries in this metric.

External balance on goods and services (% of GDP): Nepal's external balance as a percentage of GDP is -27.31%, much lower than the average of -5.97%. Nepal ranks 150th out of 163 countries based on this statistic.

Summary

Nepal's trade indicators, including trade, merchandise trade, and trade in services as a percentage of GDP, are significantly below global averages, indicating a relatively smaller role of international trade in its economy. The country also faces a substantial deficit in its external balance on goods and services, both in absolute terms and as a percentage of GDP, placing it lower in global rankings. These statistics highlight Nepal's limited integration into the global economy, which may impact its economic growth potential, access to foreign markets, and overall stability.

Net Trade

- Nepal's current account balance is -$84,136,987.87, ranking 75th out of 170 countries. This value is significantly below the average of $1,443,864,831.49.
- The current account balance as a percentage of GDP for Nepal is -0.25%, ranking 68th out of 170 countries. This percentage is below the average of -2.36%.
- Nepal's net trade in goods and services stands at -$8,923,098,091.39, ranking 157th out of 171 countries. This value is notably lower than the average of $2,604,730,003.57.
- In terms of net primary income, Nepal has $174,664,880.96, ranking 31st out of 170 countries and surpassing the average of -$903,807,529.74.
- Nepal's net secondary income is $8,664,296,222.56, making it 11th out of 170 countries. This figure is substantially higher than the average of -$269,227,340.40.
- The country's net trade in goods is -$8,706,903,114.82, placing it at 151st out of 171 countries, well below the average of $1,302,831,005.68.
- Nepal's net capital account is $115,440,308.01, ranking 63rd out of 159 countries. This value is slightly below the average of $136,543,824.05.
- Finally, the net financial account for Nepal is $483,065,992.77, positioning it at 53rd out of 170 countries. This amount is notably higher than the average of -$469,840,994.63.

Summary

Nepal's macroeconomic indicators present a mixed picture. While the country struggles with a negative current account balance and net trade in goods and services, it excels in areas like net primary income and net secondary income. The positive net secondary income and net financial account indicate a potential reliance on external remittances and investments. These indicators are crucial as they illustrate Nepal's economic relationships with other countries, its financial stability, and highlight key areas for improvement to enhance overall economic performance.

Broad Export Attributes

Nepal's exports of goods, services, and primary income amount to 2.28 billion current US dollars, ranking 134th out of 170 countries in the dataset. This value is significantly below the average of approximately 146.24 billion US dollars.

The country's exports of goods and services total around 1.77 billion US dollars, placing Nepal at 136th out of 170 countries. Nepal's performance in this aspect also falls below the average of approximately 122.94 billion US dollars.

With exports of goods and services amounting to 2.28 billion US dollars, Nepal ranks 126th out of 163 countries. This figure is notably lower than the average of about 129.60 billion US dollars.

Nepal's exports of goods and services as a percentage of GDP stand at 6.81%, positioning Nepal at 160th out of 163 countries. This percentage is well below the average of approximately 38.19%.

In terms of goods exports, Nepal generates around 890.10 million US dollars, placing the country at the 139th position out of 171 countries. Nepal's performance in goods exports is considerably lower than the average of about 93.31 billion US dollars.

International tourism receipts as a percentage of total exports in Nepal stand at 13.44%, ranking the country 22nd out of 120 countries. This percentage exceeds the average of approximately 9.74%.

Nepal's ICT goods exports represent a mere 0.03% of total goods exports, placing the country at 133rd out of 142 countries. This percentage is significantly below the average of approximately 3.81%.

Summary

Nepal's export performance, in terms of goods, services, and primary income, falls significantly below global averages across various indicators. The country's low ranking in exports of goods and services, percentage of exports to GDP, and ICT goods exports highlight a need for diversification and expansion of Nepal's export base to drive economic growth and enhance global competitiveness.

Merchandise Exports

Nepal's merchandise exports amount to $856 million, which is significantly lower than the average of $89.5 billion, ranking 146th out of 187 countries. Agricultural raw materials exports account for 1.93% of Nepal's merchandise exports, below the average of 2.97%, placing Nepal at 53 out of 151 countries. Food exports represent 51.76% of Nepal's merchandise exports, much higher than the average of 24.06%, securing Nepal the 21st rank out of 152 countries. Ores and metals exports constitute only 0.90% of Nepal's merchandise exports compared to the average of 9.10%, ranking Nepal 123rd out of 152 countries. The residual merchandise exports by Nepal make up 2.31% of total merchandise exports, slightly below the average of 3.20%, placing Nepal at the 38th position out of 166 countries.

Summary

Nepal has a relatively low overall merchandise export amount compared to the global average, ranking 146th out of 187 countries. However, it has a higher share of food exports and a lower share of ores and metals exports than the global average. These indicators are crucial as they highlight Nepal's specialization in food exports and its limited diversification into other sectors like ores and metals, which can have implications for its economic resilience and growth potential.

Technology Exports

Manufactures exports (% of merchandise exports): Nepal's value for this attribute is 45.42%, which is slightly above the average of 42.62%. In a list of 152 countries, Nepal ranks 70th.

High-technology exports (current US$): Nepal's value for this attribute is $9,513,473, significantly below the average of $16,655,934,078.80. Nepal ranks 115th out of 151 countries.

High-technology exports (% of manufactured exports): Nepal's value for this attribute is 2.45%, much lower than the average of 10.15%. With a rank of 110 out of 150 countries, Nepal lags behind in this aspect.

Medium and high-tech exports (% manufactured exports): Nepal's value for this attribute is 9.81%, significantly below the average of 34.29%. Nepal ranks 120th out of 149 countries, indicating room for growth in this area.

Summary

Nepal's export sector is primarily driven by traditional manufactures, with high-technology exports constituting a small portion. The country ranks lower in the export of high-tech products compared to its global counterparts, reflecting a potential for diversification and technological advancement in its export portfolio. Increasing the share of high and medium-tech exports can not only boost Nepal's overall export earnings but also enhance its competitiveness in the global market, leading to sustained economic growth and development.

Service Exports

Nepal's Service exports amount to $881,232,951.26, which is significantly below the average of $28,917,292,503.82, ranking 109th out of 171 countries.

In terms of ICT service exports, Nepal's value of $139,906,402.25 is notably lower than the average of $4,578,501,153.77, placing it at 87th out of 166 countries.

Nepal's ICT service exports as a percentage of total service exports is 15.88%, above the average of 11.75%, positioning it at 40th out of 166 countries.

The country's Communications, computer, etc. exports constitute 71.47% of its service exports, significantly higher than the average of 45.85%, securing 26th place out of 169 countries.

Nepal's Transport services account for 5.27% of its service exports, well below the average of 21.80%, placing it at 145th out of 169 countries.

Travel services make up 22.37% of Nepal's service exports, slightly below the average of 26.40%, ranking 78th out of 167 countries.

The country's Insurance and financial services constitute 0.90% of its service exports, considerably lower than the average of 6.46%, placing Nepal at 136th out of 161 countries.

Summary

Nepal's service exports are below the global average, with a strong focus on Communications, computer, etc. exports and Travel services. Despite a higher than average percentage of ICT service exports compared to total service exports, Nepal lags behind in this sector, reflecting potential for growth and diversification in its service export portfolio.

These indicators are important as they shed light on Nepal's current position in the global service export market and highlight areas where the country can focus on to enhance its competitiveness and capture a larger share of the service export industry. By strategically investing in sectors such as ICT services and diversifying beyond its dominant exports, Nepal can potentially improve its economic performance and increase its global standing in the services sector.

Commercial Service Exports

- Nepal's Commercial service exports amount to $806,752,077.13, ranking 108 out of 171 countries. It falls significantly below the attribute average of $28,508,218,402.80.
- Travel services contribute 24.43% to Nepal's commercial service exports, slightly below the average of 27.89%. Nepal ranks 72 out of 167 countries for this attribute.
- Nepal's Computer, communications and other services represent 68.83% of its commercial service exports, surpassing the average of 42.44%. Nepal's rank is 25 out of 169 countries.
- Insurance and financial services constitute only 0.98% of Nepal's commercial service exports, significantly lower than the average of 6.97%. Nepal ranks 135 among 161 countries.
- Transport services make up 5.75% of Nepal's commercial service exports, well below the average of 23.37%. Nepal ranks 145 out of 169 countries for this indicator.

Summary

Broad Import Attributes

Imports of goods and services (current US$): Nepal's value of 11405416671.7618 is significantly below the attribute average of 126191355599.06197. Nepal ranks 87 out of 163 countries in this dataset.

Imports of goods and services (% of GDP): Nepal's value of 34.1135757694721 is below the attribute average of 44.15402132027244. Nepal ranks 96 out of 163 countries in this dataset.

International tourism, expenditures (% of total imports): Nepal's value of 2.4966263369761 is below the attribute average of 3.9820057529556734. Nepal ranks 80 out of 131 countries in this dataset.

ICT goods imports (% total goods imports): Nepal's value of 5.1210391288 is below the attribute average of 6.849043047360142. Nepal ranks 73 out of 143 countries in this dataset.

Goods imports (BoP, current US$): Nepal's value of 9597003835.76661 is significantly below the attribute average of 92007788027.16908. Nepal ranks 86 out of 171 countries in this dataset.

Imports of goods and services (BoP, current US$): Nepal's value of 10694431763.601 is significantly below the attribute average of 120321577988.12045. Nepal ranks 92 out of 170 countries in this dataset.

Imports of goods, services and primary income (BoP, current US$): Nepal's value of 11026919976.9221 is significantly below the attribute average of 144514428722.27856. Nepal ranks 96 out of 170 countries in this dataset.

Summary

Nepal's key macroeconomic indicators for imports of goods and services paint a picture of the country's economic interconnectedness. With values consistently below the attribute averages and rankings towards the lower end in various datasets, Nepal's trade dependency and potential for economic growth through increased imports become apparent. Addressing the reasons behind the low rankings could help Nepal explore opportunities for expanding its trade networks and boosting economic development.

Merchandise Imports

Merchandise imports (current US$): Nepal's merchandise imports value of $9,856,000,000 is significantly below the average of $89,385,605,263. Nepal ranks 93 out of 190 countries in this attribute data.

Manufactures imports (% of merchandise imports): Nepal's percentage of manufactures imports, 57.27%, is below the average of 66.76%. Nepal ranks 126 out of 152 countries in this attribute data.

Agricultural raw materials imports (% of merchandise imports): Nepal's percentage, 1.17%, is slightly below the average of 1.27%. Nepal ranks 70 out of 152 countries in this attribute data.

Food imports (% of merchandise imports): Nepal's food imports percentage, 22.79%, is above the average of 15.89%. Nepal ranks 24 out of 152 countries in this attribute data.

Fuel imports (% of merchandise imports): Nepal's fuel imports percentage, 14.49%, is above the average of 11.38%. Nepal ranks 38 out of 152 countries in this attribute data.

Ores and metals imports (% of merchandise imports): Nepal's percentage, 2.83%, is above the average of 2.57%. Nepal ranks 46 out of 152 countries in this attribute data.

Merchandise imports by the reporting economy, residual (% of total merchandise imports): Nepal's percentage, 2%, is below the average of 2.51%. Nepal ranks 43 out of 180 countries in this attribute data.

Summary

Nepal's key macroeconomic indicators show that while its overall merchandise imports value is significantly below average, the country has a higher percentage of food and fuel imports compared to the global average. This indicates a potential reliance on imported food and fuel, which could impact the country's food security and energy sustainability in the long term.

Service Imports

1. Service imports (BoP, current US$): Nepal's value for service imports is significantly below the attribute average, ranking 120th out of 171 countries. This indicates a comparatively lower level of service imports compared to other countries in the dataset.

2. Communications, computer, etc. (% of service imports, BoP): Nepal's percentage of communications and computer services in service imports is below the attribute average, ranking 151st out of 169 countries. This suggests a lower use of communications and computer services in their service imports.

3. Transport services (% of service imports, BoP): Nepal's allocation towards transport services in service imports is above the attribute average, ranking 27th out of 169 countries. This indicates a relatively higher focus on transport services compared to other countries.

4. Travel services (% of service imports, BoP): Nepal's reliance on travel services in service imports is above the attribute average, ranking 28th out of 169 countries. This suggests a higher proportion of service imports allocated towards travel services.

5. Insurance and financial services (% of service imports, BoP): Nepal's share of insurance and financial services in service imports is below the attribute average, ranking 84th out of 169 countries. This implies a lower utilization of insurance and financial services in their service imports compared to other countries.

Summary

Nepal has a lower level of overall service imports compared to other countries, with a particular emphasis on travel services and transport services. However, their usage of communications, computer, and insurance/financial services in service imports lags behind the global average. These findings are important as they indicate areas where Nepal may need to further develop in order to enhance its connectivity and efficiency in international trade, potentially leading to greater economic growth and competitiveness in the global market.

Commercial Service Imports

1. Commercial service imports (current US$): Nepal's value of $1,075,458,468.28 is significantly below the average of $27,102,746,128.60. Nepal ranks 119th out of 171 countries in this dataset.

2. Computer, communications and other services (% of commercial service imports): Nepal's value of 17.68% is below the average of 41.71%. Nepal ranks 147th out of 169 countries in this dataset.

3. Insurance and financial services (% of commercial service imports): Nepal's value of 6.95% is below the average of 8.85%. Nepal ranks 85th out of 169 countries in this dataset.

4. Transport services (% of commercial service imports): Nepal's value of 50.86% is above the average of 34.71%. Nepal ranks 29th out of 169 countries in this dataset.

5. Travel services (% of commercial service imports): Nepal's value of 24.50% is above the average of 14.73%. Nepal ranks 28th out of 169 countries in this dataset.

Summary

Nepal's commercial service imports value is significantly below the average, ranking 119th out of 171 countries. The country's reliance on transport and travel services is notably higher than the average, ranking 29th and 28th, respectively. However, Nepal's utilization of computer, communications, and other services is below average, placing it at 147th, highlighting potential areas for improvement to diversify and modernize its service imports.

These findings are important as they indicate Nepal's current standing in global trade and service imports. Understanding the country's position relative to others can help policymakers identify strategic areas for growth and development, potentially enhancing Nepal's competitiveness and economic prosperity in the global market.

Infrastructure

For Air transport, freight (million ton-km), Nepal has a value of 13.69 million ton-km. This is significantly below the attribute average of 1384.37 million ton-km, ranking Nepal 73rd out of 126 countries in the dataset.

In terms of Air transport, registered carrier departures worldwide, Nepal records 35894 departures. This figure falls below the attribute average of 134365.61 departures, positioning Nepal at 51st out of 149 countries included in the dataset.

Lastly, for Air transport, passengers carried, Nepal transported 1,989,284 passengers. This is notably lower than the attribute average of 11,848,242 passengers, placing Nepal at the 54th rank out of 149 countries in the dataset.

Summary

Nepal's air transport indicators, including freight transport, registered carrier departures, and passengers carried, lag significantly behind the global averages, positioning the country at lower rankings in the dataset. These figures highlight Nepal's underdeveloped air transport infrastructure and industry in comparison to other countries worldwide. Improving these metrics is crucial for fostering economic growth, enhancing connectivity, and expanding opportunities for trade and tourism within and beyond Nepal's borders.

Information Technology Infrastructure

Analysis of key statistics for Nepal:

1. Secure Internet servers: Nepal has 6,096 servers, which is below the average of 458,294. Nepal ranks 79th out of 193 countries in this aspect.

2. Secure Internet servers (per 1 million people): With 207.71 servers per 1 million people, Nepal lags behind the average of 14,067.17. Nepal ranks 119th out of 193 countries.

3. Individuals using the Internet (% of population): Nepal has 45.85% of its population using the Internet, which is below the average of 64.77%. Nepal ranks 133rd out of 180 countries.

4. Fixed broadband subscriptions: Nepal has 1,270,000 subscriptions, lower than the average of 6,591,956.35. Nepal ranks 67th out of 185 countries.

5. Mobile cellular subscriptions: With 38,213,000 subscriptions, Nepal falls short of the average of 42,526,463.87. Nepal ranks 41st out of 193 countries.

Summary

Nepal exhibits below-average performance in key internet and technology indicators compared to global averages, as seen in its low number of secure internet servers, low internet penetration rate, and fewer fixed broadband subscriptions. Although the country ranks moderately in terms of mobile cellular subscriptions, its overall digital infrastructure lags behind the global standard. This underdevelopment in technology infrastructure can hinder Nepal's connectivity, digital access, and participation in the global information economy, potentially impacting its economic competitiveness and ability to leverage technology for growth and innovation.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption): In Nepal, the percentage stands at 74.54, which is notably higher than the average of 32.18. This places Nepal at rank 25 out of 191 countries in the dataset.

Concerning CO2 emissions (in kilotons): Nepal's emissions are 14949.2 kt, significantly lower than the average of 171895.94 kt. This places Nepal at rank 93 out of 188 countries included in the data.

Summary

Nepal stands out for its high percentage of renewable energy consumption, with a rate of 74.54% compared to the global average of 32.18%. Additionally, the country has relatively low CO2 emissions at 14949.2 kt, significantly below the global average of 171895.94 kt. These indicators reflect Nepal's commitment to sustainable practices and environmental preservation, positioning the country favorably in the global context of energy efficiency and environmental impact.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): In Nepal, the value stands at 3.15% of GDP, which is above the average of 2.45%. Nepal ranks 26th out of 87 countries in this attribute.

2. Central government debt, total (% of GDP): Nepal's total government debt is at 39.05% of GDP, below the average of 74.12%. Nepal ranks 49th out of 61 countries in this attribute.

3. Net incurrence of liabilities, total (% of GDP): The country's net incurrence of liabilities is 8.05% of GDP, slightly higher than the average of 7.43%. Nepal ranks 35th out of 92 countries in this attribute.

4. Total reserves (% of total external debt): Nepal's total reserves are at 145.06% of total external debt, significantly higher than the average of 66.13%. Nepal ranks 8th out of 102 countries in this attribute.

5. Reserves and related items (BoP, current US$): Nepal's reserves amount to $2,720,260,7.35, which is above the average of $1,924,407,186.58. Nepal ranks 25th out of 171 countries in this attribute.

6. Total reserves minus gold (current US$): The country's reserves minus gold are $11,076,694,632.16, below the average of $74,221,588,171.61. Nepal ranks 65th out of 161 countries in this attribute.

7. Total reserves (includes gold, current US$): Nepal's total reserves including gold amount to $11,467,799,301.61, below the average of $85,708,019,773.47. Nepal ranks 68th out of 161 countries in this attribute.

8. Total reserves in months of imports: With total reserves in months of imports at 12.48, Nepal is above the average of 7.10 months. Nepal ranks 20th out of 151 countries in this attribute.

Summary

In analyzing key macroeconomic indicators for Nepal, we observe that the country generally maintains a prudent financial stance. Nepal has a lower central government debt relative to its GDP compared to the average, robust reserves position, and a positive net acquisition of financial assets. These indicators signify favorable financial stability, responsible fiscal management, and resilience against external economic shocks for Nepal.

Government Revenue

1. Revenue, excluding grants (% of GDP): Nepal's value is 19.37% of GDP, which is below the average of 27.02%. This places Nepal at rank 86 out of 122 countries.

2. Grants and other revenue (% of revenue): Nepal's value is 21.64% of revenue, slightly below the average of 23.54%. This places Nepal at rank 38 out of 108 countries.

3. Taxes on goods and services (% of revenue): Nepal's value is 34.46% of revenue, above the average of 31.82%. This places Nepal at rank 53 out of 122 countries.

4. Taxes on international trade (% of revenue): Nepal's value is 15.81% of revenue, significantly above the average of 6.24%. This places Nepal at rank 11 out of 101 countries.

5. Other taxes (% of revenue): Nepal's value is 0.85% of revenue, below the average of 2.12%. This places Nepal at rank 59 out of 106 countries.

6. Taxes on income, profits and capital gains (% of revenue): Nepal's value is 27.24% of revenue, above the average of 24.66%. This places Nepal at rank 48 out of 119 countries.

Summary

Nepal's revenue structure shows a reliance on taxes, with taxes on goods and services and taxes on income, profits, and capital gains being above average. Interestingly, taxes on international trade significantly exceed the global average, placing Nepal among the top performers in this category. These indicators are important as they reflect Nepal's fiscal health, its dependency on different revenue sources, and its competitive position in international trade.

Taxes

1. Tax revenue (% of GDP): In Nepal, tax revenue accounts for 15.77% of the GDP, which is below the average of 16.72%. Nepal ranks 65th out of 123 countries in this data set.

2. Taxes on exports (% of tax revenue): Nepal's taxes on exports constitute only 0.02% of its total tax revenue, significantly lower than the average of 2.54%. The country ranks 27th out of 36 in this aspect.

3. Customs and other import duties (% of tax revenue): Nepal's customs and import duties make up 19.17% of its tax revenue, surpassing the average of 9.01%. Nepal holds the 14th rank out of 99 countries in this category.

4. Taxes on income, profits and capital gains (% of total taxes): Nepal relies on income, profits, and capital gains for 34.76% of its total tax revenue, slightly below the average of 38.40%. The country is ranked 71st out of 120 nations in this respect.

5. Tariff rate, applied, weighted mean, all products (%): Nepal's applied tariff rate stands at 11.6%, higher than the average of 5.21%. In this aspect, Nepal ranks 17th out of 153 countries in the dataset.

Summary

Nepal's tax revenue as a percentage of GDP is slightly below the global average, ranking 65th out of 123 countries. However, the country heavily relies on customs and import duties for tax revenue, surpassing the global average. Taxes on exports are significantly lower compared to the average, indicating potential for improvement in diversifying revenue sources.

These findings are important as they highlight Nepal's heavy dependence on customs and import duties, which can make the revenue vulnerable to external factors. Diversifying revenue sources, especially by increasing taxes on exports and income, can enhance Nepal's fiscal stability and reduce reliance on a single revenue stream.

Government Expenses

Expense (% of GDP): Nepal's expense as a percentage of GDP is 20.16%, below the average of 31.69%. Nepal ranks 96th out of 123 countries in this attribute data.

Compensation of employees (% of expense): Nepal allocates 15.03% of its expenses to employee compensation, below the average of 24.70%. Nepal holds the 88th rank out of 123 countries in this category.

Goods and services expense (% of expense): Nepal's expenditure on goods and services accounts for 4.43% of its total expense, below the average of 14.77%. Nepal ranks 116th out of 122 countries in this aspect.

Interest payments (% of expense): Nepal dedicates 3.32% of its expenses to interest payments, below the average of 6.85%. Nepal holds the 79th rank out of 121 countries in this attribute.

Other expense (% of expense): Nepal spends 0.29% of its total expense on other items, significantly below the average of 8.29%. Nepal ranks 119th out of 120 countries in this category.

Subsidies and other transfers (% of expense): A considerable portion, 76.92%, of Nepal's expenses is allocated to subsidies and transfers, surpassing the average of 43.29%. Nepal ranks remarkably well at 7th place out of 121 countries in this attribute.

Summary

Nepal's macroeconomic indicators reveal a prudent fiscal approach with lower expenses as a percentage of GDP compared to the global average. The country's prioritization of subsidies and transfers, despite lower spending on goods, services, and other items, indicates a strategic focus on social welfare and economic support for its citizens.

These findings are crucial as they provide insights into Nepal's government spending priorities and its commitment to social welfare programs. Understanding how Nepal allocates its expenses relative to other countries can help assess the effectiveness of its economic policies and the impact on its citizens' well-being.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Rural population (% of total population)	11/190
Households and NPISHs final consumption expenditure (% of GDP)	15/158
Net secondary income (BoP, current US$)	11/170
Total reserves (% of total external debt)	8/102
Subsidies and other transfers (% of expense)	7/121

Ranks in Bottom Decile For:

Attribute	Rank/Total
Urban population (% of total population)	184/194
Machinery and transport equipment (% of value added in manufacturing)	89/93
General government final consumption expenditure (% of GDP)	145/158
Trade in services (% of GDP)	154/171
External balance on goods and services (current US$)	147/163
External balance on goods and services (% of GDP)	150/163
Net trade in goods and services (BoP, current US$)	157/171
Exports of goods and services (% of GDP)	160/163
ICT goods exports (% of total goods exports)	133/142
Goods and services expense (% of expense)	116/122
Other expense (% of expense)	119/120