Nepal´s GDP lowest in South Asia: CBS

RSS

KATHMANDU: Nepal's Gross Domestic Production (GDP) is lowest among all South Asian countries, according to a report release by Central Bureau of Statistics (CBS) here on Tuesday.

Nepal's GDP is estimated to be 3.47 percent in last seven months of the current fiscal year. The estimation is far below than 12 percent of Bhutan, 6 percent of Bangladesh, 10 percent of China and 9 percent of India.

Making public the overall economic index of the current fiscal year, including GDP, Director of CBS Suman Aryal said GDP continued to go down as production of agriculture, tourism, hydropower, agro-forest and other sectors couldn't increase.

In the current fiscal year, the agriculture sector and non-agriculture sector are expected to register 4.11 percent and 3 percent increase.

In the industrial production index, production of soybean, biscuit, beer, jute, leather, paper, plastic, concrete, iron rod, GI pipe and electricity wire decreased, according to the statistics. The growth rate of mustard oil, paddy, wheat flour, readymade garments, lube oil, paint, medicine, soap, brick and other materials is negative.

Sector-wise hotel and restaurant sector is estimated to grow by 7.3 percent, fishery by 6.8 percent and transport communication and storage by 7.15 percent compared to the last fiscal year.