Finance of Nepal

The minimum monthly wage in Nepal is 74 USD. Nepal has a government debt of 58.69% of the country's Gross Domestic Product (GDP), as assessed in 2013. With regard to consumer prices, the inflation rate in Nepal is 9.5%. The currency of Nepal is Nepalese rupee. The plural form of the word Nepalese rupee is rupees. The symbol used for this currency is ₨, and it is abbreviated as NPR. The Nepalese rupee is divided into paisa; there are 100 in one rupee. Each year, consumers spend around $10,168 million. The ratio of consumer spending to GDP in Nepal is 0.06%, and the ratio of consumer spending to the world consumer market is 2.93%. The corporate tax in Nepal is set at 20%. Personal income tax ranges from 15% to 25%, depending on your specific situation and income level. VAT in Nepal is 13%. In 2013, Nepal received 769.7 million USD in foreign aid.In 2014, the foreign aid amounted to 884.7 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Nepal is $67,137 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Nepal was last recorded at $2,266,302. PPP in Nepal is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Nepal is 18,179 billion. Based on this statistic, Nepal is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Nepal was last recorded at $613,657. The average citizen in Nepal has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Nepal averaged 5.5% in 2014. According to this percentage, Nepal is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.