Economy of Nepal (2018)
|
GDP (billion $) (2018)
|
29,04
|
|
GDP Growth Rate (%)
|
6,7
|
|
Population(million)
|
28,6
|
|
GDP Per Capita ($) (2019)
|
1034
|
|
Inflation Rate (%)
|
6,3
|
|
Unemployment rate (%)
|
3,2
|
|
Exports(million $)
|
768
|
|
Imports(million $)
|
12,7
|
|
Bilateral Trade Volume (million$) (2019)
|
82,88
|
References: EIU, World Bank, Nepal Central Bureau of Statistics (CBS)
Main Trade Partners:
India, USA, China,Türkiye,Germany.
Main Export Items:
Handmade carpets, syntethic ropes, plastics
Main Import Items:
Fuel, oils, electronics, iron&steel, vehicles
Bilateral Economic and Commercial Relations
Bilateral Trade (million $)
|
Year
|
Export
|
Import
|
Volume
|
Balance
|
|
2015
|
47
|
15,8
|
62,8
|
+31,2
|
|
2016
|
10
|
31,3
|
41,3
|
-21,3
|
|
2017
|
39,9
|
54,9
|
94,8
|
-15,0
|
|
2018
|
53,1
|
41,1
|
94,2
|
+12
|
|
2019
|
56,078
|
26,808
|
82,88
|
+29,27
|
|
2020/3 months
|
15,5
|
5,4
|
19,4
|
+10,1
|
References: TÜİK
Main Export Items of Türkiye:
Valuable stones, metals, carpets
Main Import Items of Türkiye:
Hand made carpets, metal wires
Turkish – Nepalese Business Council: It was established in 2012. Business
people of both countries are also in direct contact.
Firms:
In February 2019, a Turkish firm together with CG Corp Global (CG
Communication and CG LIFECELL) started to invest in communication sector in
Nepal.
Tourism:
Limited number of Nepali tourists visit Türkiye.
Aid:
In 2009, Türkiye donated 97.500 USD for the construction of girl’s dormitory
of the University of Katmandu.