Economy

GDP: US$15.1 billion (2011 IMF)
GDP per head: US$536 (2011 IMF)Annual growth: 3% in 2010 estimate (IMF) )
Inflation: 10.5% estimate  2011 (IMF)
Major industries: Tourism; carpets, textiles and handicrafts; small rice, jute, sugar and oilseed mills; cigarettes; cement and brick production.
Major trading partners: India 64%, EU 27 11%, US 7%, Bangladesh 7%, China 3% (WTO)

In 2006 the tourism industry was opened up to foreign investors. Nepal attracts over 500,000 tourists every year, with around twenty foreign airlines now flying to Nepal. A survey by the Asian Development Bank found that 76% of companies identified electricity supply a key constraint to business Nepal's power shortage is severe with seasonal outages of up to 16 hours a day.

The economy is dominated by agriculture and remittances from Nepalis working overseas, each of which account for around a third of GDP.  Remittances are crucial to Nepal’s economy, and bring in more foreign exchange than exports.  Tourism accounts for around 7% of GDP.

The global financial crisis had a delayed effect on Nepal, as growth in remittances slowed and exports declined fell in 2010. Funding from the IMF increased boosted confidence in the currency peg and the economy as a whole, preventing capital flight. The banking sector remains vulnerable as the rapid growth in credit has strained the Central Bank’s supervisory capacity. Asset prices have boomed in recent years, particularly in real estate.

Trade and Investment

India is Nepal’s largest trade partner and source of foreign investment; India is also the only transit providing country for Nepal.Nepal is an ideal investment destination for many reasons: Liberal economic policy of the government that has created investors-friendly climate. Conducive legal-institutional framework that guarantees investment protection, repatriation of dividend and capital and ensures their ownerships. Various incentives and facilities offered to foreign investors, including tax holidays. Abundant supply of cheap labour force and market potentials both in domestic sector and in neighbouring countries Growing infrastructure After Nepal embarked on the path of economic liberalisation in early nineties, the Government of Nepal has adopted various policy measures and established institutional support mechanism to attract greater flow of FDI in the country.

Feasible Project Areas for Foreign Investment:

• Agriculture and agro-based industry
• Textile and apparel industry
• Manufacturing industry
• Construction industry
• Tourism Industry
• Service Industry
• Mineral based industry
• Energy development projects
• Projects under BOT arrangements

Travel & Tourism

Nepal has 10 World Heritage Sites confirmed by UNESCO, 7 inside Kathmandu Valley and 3 outside. Lumbani together with Kathmandu Valley are Cultual Heriage and Chitwan National Park and Sagarmatha National Park as Natural Heritage Sites. These Sites are all wonderful man-made wonders still standing grandly, reflecting the rich heritage of Nepal in a breathtaking way. Encircled by the lofty heights of the Himalayas, Nepal is a land of eternal beauty and attraction. It's a land of multicolored cultures, ancient history and inhabitants, pleasing surroundings and some of the best walking on earth. Mount Everest which stands tall at 8848 meters. Nepal tourism notify about places to visit in Nepal, famous for the birthplace of Gautam Buddha who laid the foundation of Buddhism in the country. Come and explore Nepal having rich traditions of art, culture and heritage. Kathmandu, the capital city of Nepal is a treasure house of ancient art and culture.
Experience the eventual journey in Nepal and look at the various adventure options on your Nepal tourism. Whether you choose to balloon, bungee jump, canyon, ice-climb, rock climb, climb trekking peaks, fly over mountains or fly an ultra light, you will find a venture daily in Nepal.