Nepal

Continent

Asia

Capital

Kathmandu

Population

31,122,387

Sub-Zones

General Information

Basic details about Nepal

Population:: 31,122,387
Area:: 147,181 sq km
Currency:: Nepalese rupees
Languages:: Nepali, Maithali 11.1, Bhojpuri 6.2, Tharu 5.9, Tamang 4.9, Bajjika 3.9, Avadhi 3, Nepalbhasha, Magar Dhut 2.8, Doteli 1.7

Economic Overview

Key economic indicators for Nepal

GDP:: $144.31 billion
GDP per Capita:: $4,900
GDP Growth:: 1.95%
Inflation:: 7.11%
Unemployment:: 10.69%
Public Debt:: 39.92% of GDP

Political System

Governance structure of Nepal

Government Type:: federal parliamentary republic
Head of State:: President Ram Chandra POUDEL (since 13 March 2023)
Head of Government:: Prime Minister Khadga Prasad Sharma OLI (since 15 July 2024)
Judiciary:: Supreme Court (consists of the chief justice and up to 20 judges)
Administrative Divisions:: 7 provinces (pradesh, singular - pradesh); Bagmati, Gandaki, Karnali, Koshi, Lumbini, Madhesh, Sudurpashchim

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 2730 34th Place NW, Washington, DC 20007

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

21.2% (2023 est.)

Industry

12.1% (2023 est.)

Services

55.4% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $3.02 billion
Imports:: $14.104 billion

Major Trading Partners

India 67

USA 12

Germany 3

China 2

UK 2

Economic Outlook

Nepal has a 1.95% GDP growth rate with 7.11% inflation. The economy is characterized by a strong agriculture sector.