Answer:
Explanation:
- Nepal's nominal GDP in 2016 is more than 24 billion USD.[17] In 2010, agriculture accounted for 36.1%, services accounted for 48.5%, and industry accounted for 15.4% of Nepal's GDP.[81] While the share of agriculture and industry is shrinking, the contribution of the service sector is increasing.[81][82].
- 76% of the workforce is in the agricultural sector, followed by services with 18% and manufacturing and handicrafts with 6%. Major agricultural products grown in the Terai region bordering India include tea, rice, maize, wheat, sugarcane, tubers, milk, and buffalo meat. Industry is mainly related to the processing of agricultural products, including jute, sugarcane, tobacco and cereals. Nepal has a serious shortage of skilled workers.
- Nepal's economic growth continues to be adversely affected by political upheaval. Nevertheless, real GDP growth is estimated to be close to 5% in 2011–2012, higher than 3.5% in 2010–2011.[83] Growth sources include agriculture, construction, finance and other service industries. Consumption's contribution to growth is driven by remittances. Remittances are estimated at 25–30% of GDP (2012). Inflation in 2012 fell to a low of 7% in the three years to 2012.[83] The Nepalese rupee is pegged to the Indian rupee at an exchange rate of 1.6 for many years. Since the easing of exchange rate controls in the early 1990s, the black market for foreign exchange has disappeared.
