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Nepal Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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 NepaliEnglish is widely used for business
Corruption perception index (Source: Transparency International)
Rank 124/180High 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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