Income Per Capita Of Nepal

Per capita income of nepal or any other countries can be measure as output of division of total number of population of certain area and total income of area.

Income per capita of nepal. Recently the european union has become the largest buyer of ready made garments. Gdp per capita current us nepal from the world bank. According to the data the average annual per capita incomes in provinces 5 and 6 are only us 611 and 475 respectively. The data can be an eye opener for policymakers and planners who will be struggling to narrow down the income gaps as per the federal setup under the constitution of nepal 2015.

The updated data on gni per capita data for 2019 can be accessed here. The gross domestic product per capita in nepal was last recorded at 859 us dollars in 2019. In the context it measures like total amount of earning by nepalese people divide by number of nepalese people. If the growth rate remains the same it is doubtful that the per capita income target of us 1 200 will be achieved by 2022.

Revisions to national accounts methods and data can also influence gni per capita. Nepal gni per capita for 2017 was 860 a 11 69 increase from 2016. Nepal s gdp per capita reached 1 084 955 usd in jul 2020 compared with 1 038 873 usd in jul 2019. To keep the income classification thresholds fixed in real terms they are adjusted annually for inflation.

Nepal gni per capita for 2019 was 1 090 a 12 37 increase from 2018. In the fiscal year 2000 2001 exports posted a greater increase 14 than imports 4 5 helping bring the trade deficit down by 4 from the previous year to 749 million. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita i e the purchasing power parity ppp value of all final goods and services produced within a country in a given year divided by the average or mid year population for the same year. This page provides nepal gdp per capita actual values historical data.

Gdp per capita in nepal averaged 413 68 usd from 1960 until 2019 reaching an all time high of 859 usd in 2019 and a record low of 266 usd in 1960. As of 2019 the estimated average gdp per capita ppp of all of the countries of the. The data reached an all time high of 1 084 955 usd in jul 2020 and a record low of 46 003 in jul 1964. Nepal s merchandise trade balance has improved somewhat since 2000 with the growth of the carpet and garment industries.

The gdp per capita in nepal is equivalent to 7 percent of the world s average. Nepal gni per capita for 2018 was 970 a 12 79 increase from 2017. Gdp per capita ppp constant 2017 international inflation gdp deflator annual oil rents of gdp download. Nepal gdp per capita data is updated yearly available from jul 1960 to jul 2020 with an average number of 191 121 usd.

Ceic extends history for annual gdp per capita.