Saturday, February 03, 2007

Weekly Data Highlight

GDP by Industry
[for enlarged version, please click on the picture]

Nepal is obviously an agricultural economy. Agricultural sector makes up more than 2/3rd of the economy (first chart). The simple accounting rule says that the sector has to grow to have the aggregate economy grow fast. The sad thing is that the growth has averaged 3.0% in the past 9 years (second chart). That got to change if Nepal want to see 8.0%+ growth rates like its neighboring India & China.

The other interesting observation is that mining is a very small part of Nepal's economy. I thought give its geological location, it would be rich in minerals, oh well!







No comments: