De Ocampo, James P.



Capital – Kathmandu Government – Republic President – Ram Baran Yadav Language – Nepali Currency – Nepalese Rupee Agriculture - pulses, rice, corn, wheat, sugarcane, jute, root crops; milk, water buffalo meat Industries - tourism, carpets, textiles; small rice, jute, sugar, and oilseed mills; cigarettes, cement and brick production Import Product - petroleum products, machinery and equipment, gold, electrical goods, medicine Export Product - clothing, pulses, carpets, te xtiles, juice, pashima, jute goods

Nepal - officially the Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. With an area of 147,181 square kilometers (56,827 sq mi) and a population of approximately 27 million (and nearly 2 million absentee workers living abroad),Nepal is the world's 93rd largest country by land mass and the 41st most populous country. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India. Kathmandu is the nation's capital and largest metropolis.

De Ocampo, James P. BSA31KB2

Background In 1951, the Nepali monarch ended the century -old system of rule by hereditary premiers and instituted a cabinet system of government. Reforms in 1990 established a multiparty democracy within the framework of a constitutional monarchy. An insurgency led b y Maoist extremists broke out in 1996. The ensuing 10 -year civil war between insurgents and government forces witnessed the dissolution of the cabinet and parliament and assumption of absolute power by the king. Several weeks of mass protests in April 2006 were followed by several months of peace negotiations between the Maoists and government officials, and culminated in a November 2006 peace accord and the promulgation of an interim constitution. Following a nationwide election in April 2008, the newly formed Constituent Assembly (CA) declared Nepal a federal democratic republic and abolished the monarchy at its first meeting the following month. The CA elected the country's first president in July. Between 2008 and 2011 there have been four different coal ition governments, led twice by the United Communist Party of Nepal -Maoist, which received a plurality of votes in the Constituent Assembly election, and twice by the Communist Party of Nepal -United Marxist -Leninist. In August 2011, Baburam BHATTARAI of th e United Communist Party of Nepal (Maoaist) became prime minister. After the CA failed to draft a constitution by the May 2012 deadline, BHATTARAI dissolved the CA and called for new elections. Months of negotiations failed to produce a new election date. Finally, in March 2013, the chief justice of Nepal's Supreme Court, Khil Raj REGMI, was sworn in as Chairman of the Interim Council of Ministers for Elections to lead an interim government and charged with holding Constituent Assembly elections by December 2013. Flag Description red with a blue border around the unique shape of two overlapping right triangles; the smaller, upper triangle bears a white stylized moon and the larger, lower triangle displays a white 12 -pointed sun; the color red represents the rhododendron (Nepal's national flower) and is a sign of victory and bravery, the blue border signifies peace and harmony; the two right triangles are a combination of two single pennons (pennants) that originally symbolized the Himalaya Mountains while the ir charges represented the families of the king (upper) and the prime minister, but today they are understood to denote Hinduism and Buddhism, the country's two main religions; the moon represents the serenity of the Nepalese people and the shade and cool weather in the Himalayas, while the sun depicts the heat and higher temperatures of the lower parts of Nepal; the moon and the sun are also said to express the hope that the nation will endure as long as these heavenly bodies

De Ocampo, James P. BSA31KB2

Economy Nepal is among the poo rest and least developed countries in the world, with about one-quarter 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 a little over one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. Nepal has considerable scope for exploiting its potential in hydropower, with an estimated 42,000 MW of f easible capacity, but political instability hampers foreign investment. Additional challenges to Nepal's growth include its landlocked geographic location, civil strife and labor unrest, and its susceptibility to natural disaster.

Comparison with Philippines
GDP (Purchasing Power Parity) Nepal $40.49 billion (2012 est.) $38.7 billion (2011 est.) $37.25 billion (2010 est.) $19.42 billion (2012 est.) 4.6% (2012 est.) 3.9% (2011 est.) 4.8% (2010 est.) $1,300 (2012 est.) $1,300 (2011 est.) $1,200 (2010 est.) 38.10% 15.30% 46.60% 18 million 75% 7% 18% 46% (2008 est.) 25.2% (2011 est.) 32.8 (2010) $3.5 billion $4.7 billion (FY11/12) 18% of GDP (FY11/12) -6.2% of GDP (FY11/12) 8.3% (2012 est.) 6% ( 2010 est.) 8% (2012 est.) $2.983 billion (2012 est.) Philippines $423.7 billion (2012 est.) $397.5 billion (2011 est.) $382.5 billion (2010 est.) $250.3 billion (2012 est.) 6.6% (2012 est.) 3.9% (2011 est.) 7.6% (2010 est.) $4,300 (2012 est.) $4,100 (2011 est.) $4,100 (2010 est.) 11.90% 31.10% 57% 40.36 million (2012 est.) 32% 15% 53% 7% (2012 est.) 26.5% (2009 est.) 44.8 (2009) $35.96 billion $41.53 billion (2012 est.) 14.4% of GDP (2012 est.) -2.2% of GDP (2012 est.) 3.2% (2012 est.) 5.3% (2012 est.) 5.31% (2012 est.) $36.81 billion (2012 est.)

GDP (Official Exchange Rate) GDP - Real Growth Rate

GDP Per Capita (PPP)

GDP - composition by sector Agriculture Industry Services Labor Force Labor Force - by occupation Agriculture Industry Services Unemployment Rate Population Below Poverty Line Distribution of family income Budget Revenue Expenditures Taxes and other revenues Budget surplus (+) or deficit (-) Inflation Rate Central bank discount rate Commercial bank prime lending rate Stock of narrow money

De Ocampo, James P. BSA31KB2
Stock of broad money Stock of domestic credit Market value of publicly traded shares Current account balance Exports Export Partner Imports Import Partner Reserves of foreign exchange and gold Debt – External Exchange Rate Nepal $12.12 billion (2011 est.) $9.618 billion (2012 est.) $4.529 billion (2011 est.) $93 million (2012 est.) $1 billion (2012 est.) India, Us, Germany $6.15 billion (2012 est.) India, China $3.631 billion (2011 est.) $3.774 billion (2011 est.) 85.16 (2012 est.) 74.02 (2011 est.) 73.16 (2010 est.) 77.44 (2009) 65.21 (2008) Philippines $132.5 billion (2011 est.) $129.9 billion (2012 est.) $266.3 billion (2012) $9.65 billion (2012 est.) $50.96 billion (2012 est.) Japan, Us, China, Singapore $65 billion (2012 est.) Us, Japan, Taiwan, China, Etc. $83.8 billion (2012 est.) $61.72 billion (2012 est.) 42.23 (2012 est.) 43.31 (2011 est.) 45.11 (2010 est.) 47.68 (2009) 44.44 (2008)