Nepal Economy Essay Example | Topics and Well Written Essays - 1500 words

Nepal Economy - Essay Example Mica, hydropower and forest products are the other sources of income for this country. The only Hindu nation in the world is a picturesque unit of living for visitors and dwellers as well. An estimation done last year shows a population of about 29,331,000 people with the annual growth rate of 2.2 per cent. The country has its capital Katmandu, a very historic city. The people of this country, commonly called Nepalese speak Nepali and English for their communication. The country follows several political aspects adopted from India. The currency of this country is Rupees. Population: about 29,331,000 (2009 estimate) The geographical location of Nepal is at southern Asia. It shares its boarders with India and China. This roughly trapezoidal shaped country’s troposphere is uncommonly diverse. The total area of land mass is 147,181 Sq. Kms. It spreads a long line of 800 kms with a width of 200 Kms. Nepal can be seen as three physiographic areas; the Mountain Hill, Siwalik region and Terai regions. This diversity accounts for the abundant river water in the country. This environmental unevenness intersects Nepal’s north to south flowing river systems. Nepal is surely a very poor country. Lack of exploitation methodology implemented on natural resources accounts for the failure of increase in living standards of the people. Even today, about half of its population live below the international poverty line(IPL) of US$1.25 a day. The country’s telecommunication system is under rated at the world standards of the current point of international usage of phones. An alarming figure of over 19 people is estimated to use one phone. Jaggedness of the landscapes add to the failure of installation of land line telephones. They are limited to the use of city and town centers only. Nepal’s economy stands at 115th position in the world level. Over 70 percent of the work force in the country contributes to 40 per cent of its GDP. Rest of the work force and