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Nepal Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
29,717,587 (July 2018 est.)
GDP (PPP)
$79.2 billion (2017 est.)

Among the least developed countries in the world: about one-quarter of the population living below the poverty line. Remittances account for around 30% of GDP. Agriculture is the mainstay of the economy

GDP growth rate
7.9% (2017 est.)

High and quite stable. Massive earthquakes struck Nepal in early 2015, which damaged or destroyed infrastructure and homes and set back economic development

GDP (PPP) per capita
$2,700 (2017 est.)

Very low. Among the lowest in the world

Local currency
Nepalese rupee (NPR)

Pegged to the Indian rupee (1 INR = 1.6 NPR)

Financial stability (Public debt)
26.4% (2017 est.)

Very low

Inflation
4.5% (2017 est.)

Low. It was very high few years ago

Language
123 local languagues are spoken. The official is Nepali

English is widely used for business

Corruption perception index (Source: Transparency International)
Rank 124/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

Report not available
Corporate Tax

Report not available
Duties

Report not available

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